Document:

exv10w106

 

EXHIBIT 10.106

AMENDED LOAN AGREEMENT

Between

SEDONA Corporation

and

William W. Rucks, IV

     THIS Amendment to the LOAN AGREEMENT dated as of July 5, 2005 (the “Agreement”), executed
between William W. Rucks, IV, a Louisiana resident (“Investor”), and Sedona Corporation, a
corporation organized and existing under the laws of the Commonwealth of Pennsylvania (the
“Company”) is entered into as of March 6, 2008.

     WHEREAS, the Investor loaned $1,000,000 to the Company (the “Loans”) evidenced under various
convertible notes (the “Notes”) dated July 1, 2005 ($250,000); August 1, 2005 ($250,000); and
September 29, 2005 ($500,000); and

     WHEREAS, the Company has made no payments under the Notes to date; and

     WHEREAS, as an added inducement to Investor to extend the maturity of the Notes to the
Company, the Company agrees to provide to Investor warrants to acquire shares of the Company’s
common stock; and

     WHEREAS, the Company and the Investor have concurrently entered into amendments to extend the
maturity of such Notes;

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties agree to amend the Agreement as follows:

     Article IV, Section 4.3 Warrants, shall be deleted in its entirety and replaced with the
following:

     Warrant: Investor shall be granted one (1) Warrant to purchase 2,777,777 shares of the
Company’s Common Stock at an exercise price of $0.30 per share. The Warrant shall expire four
years after the date of issuance..

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by the
undersigned, thereunto duly authorized, as of the date first set forth above.

	 	 	 	 	 
	 	SEDONA CORPORATION

 	 
	 	By:  	 	 
	 	 	Marco A. Emrich, 	 
	 	 	President and Chief Executive Officer 	 
	 

Page 1 of 2

 

	 	 	 	 	 
	 	 	INVESTOR

 	 
	 	 	 	 
	 	 	William Rucks 	 
	 
	 	 	 	 
	 	 	Address 	 
	 
	 	 	 	 
	 
	 
	 	 	 	 
	 

Page 2 of 2exv10w107

 

EXHIBIT 10.107

AMENDMENT TO CONVERTIBLE PROMISSORY NOTE

               This Amendment to the Convertible Promissory Note (the “Note”), dated as of July 1, 2005,
executed by Sedona Corporation (the “Maker”) payable to the order of William W. Rucks, IV (the
“Holder”), in the principal amount of TWO HUNDRED FIFTY THOUSAND and no/100 dollars ($250,000.00),
is entered into as of March 6, 2008.

	 	 	Whereas, the Note was originally due to mature on July 1, 2007

(the “Maturity Date”); and
	 
	 	 	Whereas, Maker has made no payments under the Note to date; and
	 
	 	 	Whereas, Maker and the Holder desire to further extend the Maturity Date;
	 
	 	 	Now Therefore, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties agree to amend the Note as follows:

	 	1.	 	The Maturity Date of the Note shall be further extended until January 1, 2009.

	 
	 	2.	 	To effectuate the foregoing:
	 
	 	 	 	Section 1 (d) of the Note shall be replaced in its entirety by the following:

	 	 	 	“The term “Maturity” shall mean the date on which this Note shall be due and
payable in full, which date shall be January 1, 2009.”

	 	 	 	Section 2 of the Note shall be replaced in its entirety by the following:

	 	 	 	     “Payment Terms. This Loan shall be effective commencing on the
effective date and continuing until Maturity. The Maker shall be obligated to make
one payment of all outstanding principal and interest due thereon at Maturity.
Unless otherwise designated in writing, mailed or delivered to Maker, the place for
payment of the indebtedness evidenced by this Note shall be the Holder’s principal
address as noted above. Payments received on this Note shall be applied first to
accrued interest, and the balance to principal.”

	 	3.	 	Capitalized terms not defined herein shall have the meanings ascribed to them
in the Note.

 

	 	4. 	 	Except as amended by this Amendment, the Note shall remain in full force and effect,
enforceable in accordance with its terms and Maker hereby reaffirms and acknowledges
all of its obligations thereunder.

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written
above.

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	William W. Rucks, IV	 
	 	 	 
	 	 	 
	 
	 	Sedona Corporation	 
	 	 	 
	 	 	 
	 	By:  	Marco Emrich, President
 	 

-2-exv10w108

 

EXHIBIT 10.108

AMENDMENT TO CONVERTIBLE PROMISSORY NOTE

               This Amendment to the Convertible Promissory Note (the “Note”), dated as of August 1, 2005,
executed by Sedona Corporation (the “Maker”) payable to the order of William W. Rucks, IV (the
“Holder”), in the principal amount of TWO HUNDRED FIFTY THOUSAND and no/100 dollars ($250,000.00),
is entered into as of March 6, 2008.

	 	 	Whereas, the Note was originally due to mature on August 1, 2007

(the “Maturity Date”); and
	 
	 	 	Whereas, Maker has made no payments under the Note to date; and
	 
	 	 	Whereas, Maker and the Holder desire to further extend the Maturity Date;
	 
	 	 	Now Therefore, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties agree to amend the Note as follows:

	 	1.	 	The Maturity Date of the Note shall be further extended until January 1, 2009

	 
	 	2.	 	To effectuate the foregoing:
	 
	 	 	 	Section 1 (d) of the Note shall be replaced in its entirety by the following:

	 	 	 	“The term “Maturity” shall mean the date on which this Note shall be due and
payable in full, which date shall be January 1, 2009.”

	 	 	 	Section 2 of the Note shall be replaced in its entirety by the following:

	 	 	 	     “Payment Terms. This Loan shall be effective commencing on the
effective date and continuing until Maturity. The Maker shall be obligated to make
one payment of all outstanding principal and interest due thereon at Maturity.
Unless otherwise designated in writing, mailed or delivered to Maker, the place for
payment of the indebtedness evidenced by this Note shall be the Holder’s principal
address as noted above. Payments received on this Note shall be applied first to
accrued interest, and the balance to principal.”

	 	3.	 	Capitalized terms not defined herein shall have the meanings ascribed to them
in the Note.

 

	 	4.	 	Except as amended by this Amendment, the Note shall remain in full force and effect,
enforceable in accordance with its terms and Maker hereby reaffirms and acknowledges
all of its obligations thereunder.

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written
above.

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	William W. Rucks, IV 	 
	 	 	 
	 	 	 
	 
	 	Sedona Corporation	 
	 	 	 
	 	 	 
	 	By:  	Marco Emrich, President
 	 

-2-exv10w109

 

EXHIBIT 10.109

AMENDMENT TO CONVERTIBLE PROMISSORY NOTE

               This Amendment to the Convertible Promissory Note (the “Note”), dated as of September
29th, 2005, executed by Sedona Corporation (the “Maker”) payable to the order of William W.
Rucks, IV (the “Holder”), in the principal amount of FIVE HUNDRED THOUSAND and no/100 dollars
($500,000.00), is entered into as of March 6, 2008.

	 	 	Whereas, the Note was originally due to mature on September 29, 2007
(the “Maturity Date”); and
	 
	 	 	Whereas, Maker has made no payments under the Note to date; and
	 
	 	 	Whereas, Maker and the Holder desire to further extend the Maturity Date;
	 
	 	 	Now Therefore, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties agree to amend the Note as follows:

	 	1. The Maturity Date of the Note shall be further extended until January
1, 2009.
	 
	 	2. To effectuate the foregoing:

	 	 	 	Section 1 (d) of the Note shall be replaced in its entirety by the following:

	 	 	 	“The term “Maturity” shall mean the date on which this Note shall be due
and payable in full, which date shall be January 1, 2009.”

	 	 	 	Section 2 of the Note shall be replaced in its entirety by the following:

	 	 	 	“Payment Terms. This Loan shall be effective commencing on the
effective date and continuing until Maturity. The Maker shall be obligated to make
one payment of all outstanding principal and interest due thereon at Maturity.
Unless otherwise designated in writing, mailed or delivered to Maker, the place for
payment of the indebtedness evidenced by this Note shall be the Holder’s principal
address as noted above. Payments received on this Note shall be applied first to
accrued interest, and the balance to principal.”

	 	3. Capitalized terms not defined herein shall have the meanings ascribed
to them in the Note.

 

 

	 	4. Except as amended by this Amendment, the Note shall remain in full force and effect,
enforceable in accordance with its terms and Maker hereby reaffirms and acknowledges
all of its obligations thereunder.

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written
above.

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	William W. Rucks, IV	 
	 	 	 
	 	 	 
	 
	 	Sedona Corporation	 
	 	 	 
	 	 	 
	 	By:  	Marco Emrich, President
 

-2-exv10w110

 

EXHIBIT 10.110

AMENDMENT TO CONVERTIBLE NOTE

               This Amendment to the Convertible Note (the “Note”), dated as of May 31, 2006 executed by
Sedona Corporation (the “Maker”) payable to the order of William J. Rucks (the “Holder”), in
the principal amount of THREE HUNDRED THOUSAND and no/100 dollars ($300,000.00), is entered
into as of March 6, 2008.

	 	 	Whereas, the Note was originally due to mature on May 31, 2008
	 
	 	 	(the “Maturity Date”); and
	 
	 	 	Whereas, Maker has made no payments under the Note to date; and
	 
	 	 	Whereas, Maker and the Holder desire to further extend the Maturity Date;
	 
	 	 	Now Therefore, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties agree to amend the Note as follows:

	 	1. The Maturity Date of the Note shall be further extended until October
23, 2009.
	 
	 	2. To effectuate the foregoing:
	 
	 	  Section 1 (d) of the Note shall be replaced in its entirety by the following:

	 	 	“The term “Maturity” shall mean the date on which this shall be due and payable in
full, which date shall be October 23, 2009.

	 	  Section 2 of the Note shall be replaced in its entirety by the following:

	 	 	 	     “Payment Terms. This Loan shall be effective commencing on the
effective date and continuing until Maturity. The Maker shall be obligated to make
one payment of all outstanding principal and interest due thereon at Maturity.
Unless otherwise designated in writing, mailed or delivered to Maker, the place for
payment of the indebtedness evidenced by this Note shall be at the Holder’s
principal address as noted above. Payments received on this Note shall be applied
first to accrued interest, and the balance to principal.”

	 	3. Capitalized terms not defined herein shall have the meanings ascribed
to them in the Note.

 

	 	4. Except as amended by this Amendment, the Note shall remain in full force and effect,
enforceable in accordance with its terms and Maker hereby reaffirms and acknowledges
all of its obligations thereunder.

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written
above.

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	William J. Rucks	 
	 	 	 
	 	 	 
	 
	 	Sedona Corporation	 
	 	 	 
	 	 	 
	 	By:  	Marco Emrich, President
 	 

-2-

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