Document:

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NEITHER THIS WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")
OR ANY OTHER APPLICABLE STATE SECURITIES LAWS IN RELIANCE UPON AN EXEMPTION FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PURSUANT TO REGULATION D AND
SUCH OTHER SECURITIES LAWS. NEITHER THIS WARRANT NOR THE SHARES ISSUABLE UPON
EXERCISE HEREOF MAY BE SOLD, PLEDGED, TRANSFERRED, ENCUMBERED OR OTHERWISE
DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED.

                             STOCK PURCHASE WARRANT

                  To Purchase 350,000 Shares of Common Stock of

                               Sedona Corporation

         THIS CERTIFIES that, for value received, Acxiom Corporation (the
"Holder"), is entitled, upon the terms and subject to the limitations on
exercise and the conditions hereinafter set forth, at any time on or after the
date hereof (the "Initial Exercise Date") and on or prior to the close of
business on April 1, 2006 (the "Termination Date") but not thereafter, to
subscribe for and purchase from Sedona Corporation, a corporation incorporated
in the State of Pennsylvania (the "Company"), up to Three Hundred Fifty Thousand
(350,000) shares (the "Warrant Shares") of Common Stock, $0.001 par value, of
the Company (the "Common Stock"). The purchase price of one share of Common
Stock (the "Exercise Price") under this Warrant shall be $.75 The Exercise Price
and the number of shares for which the Warrant is exercisable shall be subject
to adjustment as provided herein.

         1.  Title to Warrant. Prior to the Termination Date and subject to
compliance with applicable laws, this Warrant and all rights hereunder are
transferable, in whole or in part, at the office or agency of the Company by the
holder hereof in person or by duly authorized attorney, upon surrender of this
Warrant together with the Assignment Form annexed hereto properly endorsed.

         2.  Authorization of Shares. The Company covenants that all shares of
Common Stock which may be issued upon the exercise of rights represented by this
Warrant will, upon exercise of the rights represented by this Warrant, be duly
authorized, validly issued, fully paid and nonassessable and free from all
taxes, liens and charges in respect of the issue thereof (other than taxes in
respect of any transfer occurring contemporaneously with such issue).

         3.  Exercise of Warrant.

             (a) Except as provided in Section 4 herein, exercise of the
purchase rights represented by this Warrant may be made at any time or times on
or after the Initial Exercise Date, and before the close of business on the
Termination Date by the surrender of this Warrant and the Notice of Exercise
Form annexed hereto duly executed, at the office of the Company (or such other

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<PAGE>

office or agency of the Company as it may designate by notice in writing to the
registered holder hereof at the address of such holder appearing on the books of
the Company) and upon payment of the Exercise Price of the shares thereby
purchased by wire transfer or cashier's check drawn on a United States bank, the
holder of this Warrant shall be entitled to receive a certificate for the number
of shares of Common Stock so purchased. Certificates for shares purchased
hereunder shall be delivered to the holder hereof within three (3) Trading Days
after the date on which this Warrant shall have been exercised as aforesaid.
This Warrant shall be deemed to have been exercised and such certificate or
certificates shall be deemed to have been issued, and Holder or any other person
so designated to be named therein shall be deemed to have become a holder of
record of such shares for all purposes, as of the date the Warrant has been
exercised by payment to the Company of the Exercise Price and all taxes required
to be paid by Holder, if any, pursuant to Section 5 prior to the issuance of
such shares, have been paid.

             (b) If this Warrant shall have been exercised in part, the Company
shall, at the time of delivery of the certificate or certificates representing
Warrant Shares, deliver to Holder a new Warrant evidencing the rights of Holder
to purchase the unpurchased shares of Common Stock called for by this Warrant,
which new Warrant shall in all other respects be identical with this Warrant.

             (c) If no registration statement is effective permitting the resale
of the shares of Common Stock issued upon exercise of this Warrant at any time
commencing one year after the issuance date hereof, then this Warrant shall also
be exercisable by means of a "cashless exercise" in which the holder shall be
entitled to receive a certificate for the number of shares equal to the quotient
obtained by dividing [(A-B) (X)] by (A), where:

             (A) = the average of the high and low trading prices per share of
         Common Stock on the Trading Day preceding the date of such election on
         the Nasdaq Stock Market, or if the Common Stock is not traded on the
         Nasdaq Stock Market, then the principal market in terms of volume, and
         converted into US Dollars;

             (B) = the Exercise Price of the Warrants; and

             (X) = the number of shares issuable upon exercise of the Warrants
         in accordance with the terms of this Warrant.

             (d) Each certificate representing Warrant Shares shall bear a
legend substantially in the following form:

             "THESE SHARES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
             1933, AS AMENDED (THE "SECURITIES ACT") OR ANY OTHER STATE
             SECURITIES LAWS IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
             REQUIREMENTS OF THE SECURITIES ACT AND SUCH OTHER LAWS. THESE
             SHARES MAY NOT BE SOLD, PLEDGED, TRANSFERRED, ENCUMBERED OR
             OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
             STATEMENT UNDER THE SECURITIES ACT AND SUCH STATE LAWS OR AN
             OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH
             REGISTRATION IS NOT REQUIRED."

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         The foregoing legend shall be removed from the certificates
representing the Warrant Shares, at the request of the Holder, at such time as
they become eligible for resale pursuant to Rule 144(k) under the Securities Act
or at such time as the Holder shall have obtained an opinion of counsel,
reasonably acceptable to the Company, to the effect that the Warrant Shares
proposed to be disposed of may lawfully be so disposed of without registration,
qualification or legend.

         4.  No Fractional Shares or Scrip. No fractional shares or scrip
representing fractional shares shall be issued upon the exercise of this
Warrant. As to any fraction of a share which Holder would otherwise be entitled
to purchase upon such exercise, the Company shall pay a cash adjustment in
respect of such final fraction in an amount equal to the Exercise Price.

         5.  Charges, Taxes and Expenses. Issuance of certificates for shares of
Common Stock upon the exercise of this Warrant shall be made without charge to
the holder hereof for any issue or transfer tax or other incidental expense in
respect of the issuance of such certificate, all of which taxes and expenses
shall be paid by the Company, and such certificates shall be issued in the name
of the holder of this Warrant or in such name or names as may be directed by the
holder of this Warrant; provided, however, that in the event certificates for
shares of Common Stock are to be issued in a name other than the name of the
holder of this Warrant, this Warrant when surrendered for exercise shall be
accompanied by the Assignment Form attached hereto duly executed by the holder
hereof; and the Company may require, as a condition thereto, the payment of a
sum sufficient to reimburse it for any transfer tax incidental thereto.

         6.  Closing of Books. The Company will not close its shareholder books
or records in any manner which prevents the timely exercise of this Warrant.

         7.  Transfer, Division and Combination.

             (a) Subject to compliance with any applicable securities laws,
transfer of this Warrant and all rights hereunder, in whole or in part, shall be
registered on the books of the Company to be maintained for such purpose, upon
surrender of this Warrant at the principal office of the Company, together with
a written assignment of this Warrant substantially in the form attached hereto
duly executed by Holder or its agent or attorney and funds sufficient to pay any
transfer taxes payable upon the making of such transfer. Upon such surrender
and, if required, such payment, the Company shall execute and deliver a new
Warrant or Warrants in the name of the assignee or assignees and in the
denomination or denominations specified in such instrument of assignment, and
shall issue to the assignor a new Warrant evidencing the portion of this Warrant
not so assigned, and this Warrant shall promptly be cancelled. A Warrant, if
properly assigned, may be exercised by a new holder for the purchase of shares
of Common Stock without having a new Warrant issued.

             (b) This Warrant may be divided or combined with other Warrants
upon presentation hereof at the aforesaid office of the Company, together with a
written notice specifying the names and denominations in which new Warrants are
to be issued, signed by Holder or its agent or attorney. Subject to compliance

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with Section 7(a), as to any transfer which may be involved in such division or
combination, the Company shall execute and deliver a new Warrant or Warrants in
exchange for the Warrant or Warrants to be divided or combined in accordance
with such notice.

             (c) The Company shall prepare, issue and deliver at its own expense
(other than transfer taxes) the new Warrant or Warrants under this Section 7.

             (d) The Company agrees to maintain, at its aforesaid office, books
for the registration and the registration of transfer of the Warrants.

         8.  No Rights as Shareholder until Exercise. This Warrant does not
entitle the holder hereof to any voting rights or other rights as a shareholder
of the Company prior to the exercise hereof. Upon the surrender of this Warrant
and the payment of the aggregate Exercise Price, the Warrant Shares so purchased
shall be and be deemed to be issued to such holder as the record owner of such
shares as of the close of business on the later of the date of such surrender or
payment.

         9.  Loss, Theft, Destruction or Mutilation of Warrant. The Company
covenants that upon receipt by the Company of evidence reasonably satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant certificate
or any stock certificate relating to the Warrant Shares, and in case of loss,
theft or destruction, of indemnity or security reasonably satisfactory to it
(which shall not include the posting of any bond), and upon surrender and
cancellation of such Warrant or stock certificate, if mutilated, the Company
will make and deliver a new Warrant or stock certificate of like tenor and dated
as of such cancellation, in lieu of such Warrant or stock certificate.

         10. Saturdays, Sundays, Holidays, etc. If the last or appointed day for
the taking of any action or the expiration of any right required or granted
herein shall be a Saturday, Sunday or a legal holiday, then such action may be
taken or such right may be exercised on the next succeeding day not a Saturday,
Sunday or legal holiday.

         11. Adjustments of Exercise Price and Number of Warrant Shares.

             (a) Stock Splits, etc. The number and kind of securities
purchasable upon the exercise of this Warrant and the Exercise Price shall be
subject to adjustment from time to time upon the happening of any of the
following. In case the Company shall (i) pay a dividend in shares of Common
Stock or make a distribution in shares of Common Stock to holders of its
outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock
into a greater number of shares of Common Stock, (iii) combine its outstanding
shares of Common Stock into a smaller number of shares of Common Stock or (iv)
issue any shares of its capital stock in a reclassification of the Common Stock,
then the number of Warrant Shares purchasable upon exercise of this Warrant
immediately prior thereto shall be adjusted so that the holder of this Warrant
shall be entitled to receive the kind and number of Warrant Shares or other
securities of the Company which he would have owned or have been entitled to
receive had such Warrant been exercised in advance thereof. Upon each such
adjustment of the kind and number of Warrant Shares or other securities of the
Company which are purchasable hereunder, the holder of this Warrant shall
thereafter be entitled to purchase the number of Warrant Shares or other
securities resulting from such adjustment at an Exercise Price per Warrant Share
or other security obtained by multiplying the Exercise Price in effect
immediately prior to such adjustment by the number of Warrant Shares purchasable
pursuant hereto immediately prior to such adjustment and dividing by the number
of Warrant Shares or other securities of the Company resulting from such
adjustment. An adjustment made pursuant to this paragraph shall become effective
immediately after the effective date of such event retroactive to the record
date, if any, for such event.

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<PAGE>

             (b) Reorganization, Reclassification, Merger, Consolidation or
Disposition of Assets. In case the Company shall reorganize its capital,
reclassify its capital stock, consolidate or merge with or into another
corporation (where the Company is not the surviving corporation or where there
is a change in or distribution with respect to the Common Stock of the Company),
or sell, transfer or otherwise dispose of all or substantially all its property,
assets or business to another corporation and, pursuant to the terms of such
reorganization, reclassification, merger, consolidation or disposition of
assets, shares of common stock of the successor or acquiring corporation, or any
cash, shares of stock or other securities or property of any nature whatsoever
(including warrants or other subscription or purchase rights) in addition to or
in lieu of common stock of the successor or acquiring corporation ("Other
Property"), are to be received by or distributed to the holders of Common Stock
of the Company, then Holder shall have the right thereafter to receive, upon
exercise of this Warrant, the number of shares of common stock of the successor
or acquiring corporation or of the Company, if it is the surviving corporation,
and Other Property receivable upon or as a result of such reorganization,
reclassification, merger, consolidation or disposition of assets by a holder of
the number of shares of Common Stock for which this Warrant is exercisable
immediately prior to such event. In case of any such reorganization,
reclassification, merger, consolidation or disposition of assets, the successor
or acquiring corporation (if other than the Company) shall expressly assume the
due and punctual observance and performance of each and every covenant and
condition of this Warrant to be performed and observed by the Company and all
the obligations and liabilities hereunder, subject to such modifications as may
be deemed appropriate (as determined in good faith by resolution of the Board of
Directors of the Company) in order to provide for adjustments of shares of
Common Stock for which this Warrant is exercisable which shall be as nearly
equivalent as practicable to the adjustments provided for in this Section 11.
For purposes of this Section 11, "common stock of the successor or acquiring
corporation" shall include stock of such corporation of any class which is not
preferred as to dividends or assets over any other class of stock of such
corporation and which is not subject to redemption and shall also include any
evidences of indebtedness, shares of stock or other securities which are
convertible into or exchangeable for any such stock, either immediately or upon
the arrival of a specified date or the happening of a specified event and any
warrants or other rights to subscribe for or purchase any such stock. The
foregoing provisions of this Section 11 shall similarly apply to successive
reorganizations, reclassifications, mergers, consolidations or disposition of
assets.

         12. Voluntary Adjustment by the Company. The Company may at any time
during the term of this Warrant, reduce the then current Exercise Price to any
amount and for any period of time deemed appropriate by the Board of Directors
of the Company.

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<PAGE>

         13. Notice of Adjustment. Whenever the number of Warrant Shares or
number or kind of securities or other property purchasable upon the exercise of
this Warrant or the Exercise Price is adjusted, as herein provided, the Company
shall promptly mail by registered or certified mail, return receipt requested,
to the holder of this Warrant notice of such adjustment or adjustments setting
forth the number of Warrant Shares (and other securities or property)
purchasable upon the exercise of this Warrant and the Exercise Price of such
Warrant Shares (and other securities or property) after such adjustment, setting
forth a brief statement of the facts requiring such adjustment and setting forth
the computation by which such adjustment was made. Such notice, in the absence
of manifest error, shall be conclusive evidence of the correctness of such
adjustment.

         14. Notice of Corporate Action. If at any time:

             (a) the Company shall take a record of the holders of its Common
Stock for the purpose of entitling them to receive a dividend or other
distribution, or any right to subscribe for or purchase any evidences of its
indebtedness, any shares of stock of any class or any other securities or
property, or to receive any other right, or

             (b) there shall be any capital reorganization of the Company, any
reclassification or recapitalization of the capital stock of the Company or any
consolidation or merger of the Company with, or any sale, transfer or other
disposition of all or substantially all the property, assets or business of the
Company to, another corporation or,

             (c) there shall be a voluntary or involuntary dissolution,
liquidation or winding up of the Company;

then, in any one or more of such cases, the Company shall give to Holder (i) at
least 30 days' prior written notice of the date on which a record date shall be
selected for such dividend, distribution or right or for determining rights to
vote in respect of any such reorganization, reclassification, merger,
consolidation, sale, transfer, disposition, liquidation or winding up, and (ii)
in the case of any such reorganization, reclassification, merger, consolidation,
sale, transfer, disposition, dissolution, liquidation or winding up, at least 30
days' prior written notice of the date when the same shall take place. Such
notice in accordance with the foregoing clause also shall specify (i) the date
on which any such record is to be taken for the purpose of such dividend,
distribution or right, the date on which the holders of Common Stock shall be
entitled to any such dividend, distribution or right, and the amount and
character thereof, and (ii) the date on which any such reorganization,
reclassification, merger, consolidation, sale, transfer, disposition,
dissolution, liquidation or winding up is to take place and the time, if any
such time is to be fixed, as of which the holders of Common Stock shall be
entitled to exchange their shares of Common Stock for securities or other
property deliverable upon such disposition, dissolution, liquidation or winding
up. Each such written notice shall be sufficiently given if addressed to Holder
at the last address of Holder appearing on the books of the Company and
delivered in accordance with Section 16(d).

         15. Authorized Shares. The Company covenants that during the period the
Warrant is outstanding, it will reserve from its authorized and unissued Common
Stock a sufficient number of shares to provide for the issuance of the Warrant
Shares upon the exercise of any purchase rights under this Warrant. The Company

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further covenants that its issuance of this Warrant shall constitute full
authority to its officers who are charged with the duty of executing stock
certificates to execute and issue the necessary certificates for the Warrant
Shares upon the exercise of the purchase rights under this Warrant. The Company
will take all such reasonable action as may be necessary to assure that such
Warrant Shares may be issued as provided herein without violation of any
applicable law or regulation, or of any requirements of the Principal Market
upon which the Common Stock may be listed.

         The Company shall not by any action, including, without limitation,
amending its certificate of incorporation or through any reorganization,
transfer of assets, consolidation, merger, dissolution, issue or sale of
securities or any other voluntary action, avoid or seek to avoid the observance
or performance of any of the terms of this Warrant, but will at all times in
good faith assist in the carrying out of all such terms and in the taking of all
such actions as may be necessary or appropriate to protect the rights of Holder
against impairment. Without limiting the generality of the foregoing, the
Company will (a) not increase the par value of any shares of Common Stock
receivable upon the exercise of this Warrant above the amount payable therefor
upon such exercise immediately prior to such increase in par value, (b) take all
such action as may be necessary or appropriate in order that the Company may
validly and legally issue fully paid and nonassessable shares of Common Stock
upon the exercise of this Warrant, and (c) use its best efforts to obtain all
such authorizations, exemptions or consents from any public regulatory body
having jurisdiction thereof as may be necessary to enable the Company to perform
its obligations under this Warrant.

         Before taking any action which would result in an adjustment in the
number of shares of Common Stock for which this Warrant is exercisable or in the
Exercise Price, the Company shall obtain all such authorizations or exemptions
thereof, or consents thereto, as may be necessary from any public regulatory
body or bodies having jurisdiction thereof.

         16. Miscellaneous.

             (a) Jurisdiction. This Warrant shall be binding upon any successors
or assigns of the Company. This Warrant shall constitute a contract under the
laws of the State of Arkansas, without regard to its conflict of law, principles
or rules.

             (b) Restrictions. The holder hereof acknowledges that the Warrant
Shares acquired upon the exercise of this Warrant, if not registered, will have
restrictions upon resale imposed by state and federal securities laws.

             (c) Nonwaiver and Expenses. No course of dealing or any delay or
failure to exercise any right hereunder on the part of Holder shall operate as a
waiver of such right or otherwise prejudice Holder's rights, powers or remedies,
notwithstanding all rights hereunder terminate on the Termination Date. If the
Company fails to comply with any provision of this Warrant, the Company shall
pay to Holder such amounts as shall be sufficient to cover any costs and
expenses including, but not limited to, reasonable attorneys' fees, including
those of appellate proceedings, incurred by Holder in collecting any amounts due
pursuant hereto or in otherwise enforcing any of its rights, powers or remedies
hereunder.

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<PAGE>

             (d) Notices. Any notice, request or other document required or
permitted to be given or delivered to the holder hereof by the Company shall be
delivered as follows:

                 Acxiom Corporation
                 Attn: Jeff Stalnaker
                 301 Industrial Blvd.
                 Conway, AR  72033
                 FAX: (501) 342-3978

or at such other address or addresses as may have been furnished in writing by
any holder to the Company.

         All notices and other communications from Holder to the Company shall
be delivered to:

                 Sedona Corporation
                 455 Gulph Road
                 King of Prussia, PA  19406
                 FAX: (484) 679-2201
                 Attention: Chief Financial Officer

or at such other address or addresses as may have been furnished in writing by
the Company to Holder.

             (e) Limitation of Liability. No provision hereof, in the absence of
affirmative action by Holder to purchase shares of Common Stock, and no
enumeration herein of the rights or privileges of Holder hereof, shall give rise
to any liability of Holder for the purchase price of any Common Stock or as a
stockholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company.

             (f) Remedies. Holder, in addition to being entitled to exercise all
rights granted by law, including recovery of damages, will be entitled to
specific performance of its rights under this Warrant. The Company agrees that
monetary damages would not be adequate compensation for any loss incurred by
reason of a breach by it of the provisions of this Warrant and hereby agrees to
waive the defense in any action for specific performance that a remedy at law
would be adequate.

             (g) Successors and Assigns. Subject to applicable securities laws,
this Warrant and the rights and obligations evidenced hereby shall inure to the
benefit of and be binding upon the successors of the Company and the successors
and permitted assigns of Holder. The provisions of this Warrant are intended to
be for the benefit of all Holders from time to time of this Warrant and shall be
enforceable by any such Holder or holder of Warrant Shares.

             (h) Indemnification. The Company agrees to indemnify and hold
harmless Holder from and against any liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, claims, costs, attorneys' fees, expenses
and disbursements of any kind which may be imposed upon, incurred by or asserted
against Holder in any manner relating to or arising out of any failure by the

                                       8
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Company to perform or observe in any material respect any of its covenants,
agreements, undertakings or obligations set forth in this Warrant; provided,
however, that the Company will not be liable hereunder to the extent that any
liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
claims, costs, attorneys' fees, expenses or disbursements are found in a final
non-appealable judgment by a court to have resulted from Holder's negligence,
bad faith or willful misconduct in its capacity as a stockholder or
warrantholder of the Company.

             (i) Amendment. This Warrant may be modified or amended or the
provisions hereof waived with the written consent of the Company and the Holder.

             (j) Severability. Wherever possible, each provision of this Warrant
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Warrant shall be prohibited by or
invalid under applicable law, such provision shall be ineffective to the extent
of such prohibition or invalidity, without invalidating the remainder of such
provisions or the remaining provisions of this Warrant.

             (k) Headings. The headings used in this Warrant are for the
convenience of reference only and shall not, for any purpose, be deemed a part
of this Warrant.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be executed
by its officer thereunto duly authorized.

Dated: April 4, 2001
                                                     SEDONA Corporation

                                 By: /s/ William K. Williams
                                     -------------------------------------------
                                     William K. Williams, Vice President and CFO

                                       9
<PAGE>

                               NOTICE OF EXERCISE

To: Sedona Corporation

         (1) The undersigned hereby elects to purchase ________ shares of Common
Stock (the "Common Stock"), of Sedona Corporation pursuant to the terms of the
attached Warrant, and (i) tenders herewith payment of the exercise price in
full, together with all applicable transfer taxes, if any or (ii) elects to
receive __________ shares of Common Stock in accordance with Section 3(c) of
this Warrant.

         (2) Please issue a certificate or certificates representing said shares
of Common Stock in the name of the undersigned or in such other name as is
specified below:

                         _______________________________
                                     (Name)

                         _______________________________
                                    (Address)

                         _______________________________

Dated:______________

                         Name of entity:________________________________________
                         (if applicable)

                         Signed:________________________________________________

                         Name:__________________________________________________
                                                    [Print]

                         Title:_________________________________________________
                         (if applicable)

                         Address:_______________________________________________

                                 _______________________________________________

                                 _______________________________________________

                         Tax Identification Number______________________________

<PAGE>

                               SEDONA CORPORATION

                             WARRANT ASSIGNMENT FORM

                    (To assign the foregoing warrant, execute
                   this form and supply required information.
                 Do not use this form to exercise the warrant.)

         FOR VALUE RECEIVED, the foregoing Warrant and all rights evidenced
thereby are hereby assigned to ___________________________________________ whose
address is _____________________________________________________________________
________________________________________________________________________________
_______________________________________________________________________________.

                         Dated:   ______________________, ___________

                         Name of entity:________________________________________
                         (if applicable)

                         Signed:________________________________________________

                         Name:__________________________________________________
                                                    [Print]

                         Title:_________________________________________________
                         (if applicable)

                         Address:_______________________________________________

                                 _______________________________________________

                                 _______________________________________________

Signature Guaranteed:___________________________________________________________

NOTE: The signature to this Assignment Form must correspond with the name as it
appears on the face of the Warrant, without alteration or enlargement or any
change whatsoever, and must be guaranteed by a bank or trust company. Officers
of corporations and those acting in an fiduciary or other representative
capacity should file proper evidence of authority to assign the foregoing
Warrant.<PAGE>
                                     [LOGO]

          ScanVec -Amiable Inc. Atidim Industrial Park, P.O. Box 58159,
          Tel-Aviv 61581, Israel, Tel: 972-3-6474477 Fax: 972-3-6490778
          -------------------------------------------------------------

                              EMPLOYMENT AGREEMENT

                Drawn up and signed on the 5th of September, 2000

                     BETWEEN: Scanvec Amiable Inc.
                     Of International Plaza Two, Suite #625
                     Philadelphia, PA 19113
                     (hereinafter: the "Company")
                                                                 of the one part
                     AND: Dr. Ramon Harel
                     (hereinafter: the "Employee")             of the other part

WHEREAS the Employee is employed by the Company as of March 16, 2000 in the
position of President and CEO of the Company; and

WHEREAS the Employee and the Company desire to establish and set out in writing
the terms of employment of the Employee, as provided hereinafter in this
Agreement:

 Therefore, the parties hereby agree as follows:

1.   Preamble

A.   The Preamble and Appendices hereto form an integral part of this Agreement.

B.   The parties hereby declare that there is no impediment of any kind to their
     signing this Agreement.

C.   This Agreement embodies all of the understandings, agreements and
     representations between the parties, and no party shall be heard on the
     contention of any understanding, agreement or representation not mentioned
     in the Agreement.

D.   The clause headings are solely for the sake of convenience and no
     significance shall be attributed to them in the interpretation of the
     Agreement.

<PAGE>

2.   General

A.   The Employee shall be employed by the Company in the position of President
     and CEO.

B.   The Employee declares that he is not bound by any other undertaking or
     contract that prevents him from assuming the undertakings according to this
     Agreement.

C.   During the term of his employment with the Company, the Employee shall not
     be entitled to engage in any other work or occupation, whether for or free
     of consideration, without the prior written approval of the Board of
     Directors of the Company, except as a public director on the board of
     directors of companies.

D.   The Employee shall not accept any benefit from any person or entity in
     connection with his work, and shall not agree to accept any promise of a
     benefit in connection with his work, without the prior written consent of
     the Management of the Company.

E.   The Employee shall abstain from any thing and matter involving a conflict
     of interests between the good of the Company and his own good and/or the
     good of another person and/or the good of another entity.

F.   The Employee undertakes to notify the Company immediately on learning of
     any matter that could give rise to a conflict of interests as stated in
     clause 2(E) above.

G.   The Employee undertakes to fulfill his duties and to work for the Company
     faithfully and devotedly, to the best of his abilities, for the purpose of
     promoting its business and interests, and he undertakes to invest the time
     and effort required for fulfilling the tasks assigned to him, whether he is
     required to do so on the Company's premises or elsewhere.

3.   Pay and Perquisites

A.   The salary of the Employee (gross) shall be a sum of $12,500 (Twelve
     thousand five hundred dollars) per month (hereinafter: the "Monthly
     Salary"), and in all a sum equivalent to $150,000 (One Hundred fifty
     thousand dollars) per annum.

B.   The Employee will be given a housing allowance of $1,500 per month.

4.   Personal Bonuses

     If the Board of Directors of the Company shall grant the Employee a
     personal bonus, it will be in addition to the Salary and to the perquisites
     stated in this Agreement.

<PAGE>

5.   Options

     Subject to the option plan of the company, the Employee will receive
     options for the purchase of 100,000 ordinary shares of the Company. A total
     of 50,000 options will be granted on December 31, 2000 and another 50,000
     options will be granted on December 31, 2001. The exercise price of these
     options will be $1.00 per share and the exercise dates shall be December
     31, 2002 and December 31, 2003 respectively. The Options vest on the date
     of grant provided the Employee is still employed by the Company on such
     date; provided, however, that if the Company terminates Employee's
     employment prior to such date, other than for cause, a number of options
     pro rata to the number of years he has been employed by the Company shall
     vest automatically.

6.   Company Car

     The Company shall place at the Employee's disposal a company car.

7.   Director's Insurance

     The Company shall take out insurance for the Employee providing full
     coverage against claims by any third party in connection with his activity
     in the Company.

8.   Annual Vacation

     The Employee shall be entitled to paid vacation of twenty (20) days a year.

9.   Term of the Agreement

A.   The term of this Agreement is from March 16, 2000 to December 31, 2001.

B.   The parties agree that each party shall have the right to terminate this
     Agreement by giving a prior written notice of at least 60 days. It is
     agreed between the parties that this agreement will be valid during the
     period of the prior notice of the termination of this agreement. The
     Employee will receive his regular salary during this 60 day period. In
     addition, the Company agrees to pay the Employee two months' salary as
     severance pay if the Company terminates the Employee's employment during
     the year 2000. The Company agrees to pay the Employee an additional three
     months' salary as severance pay if the Company terminates the Employee's
     employment in 2001 before December 31, 2001.

C.   The Company shall be entitled to dismiss the Employee without notice,
     denying him severance pay wholly or partly at its sole discretion, in any
     case where by law it is entitled to dismiss the Employee without severance
     pay, and on the occurrence of any of the following circumstances:

     1) The Employee committed an offense involving moral turpitude.

     2) The arbitrator holds that the Employee committed a serious breach of
        discipline.

     3) The Employee willfully damaged property of the Company.

     4) The Employee conveyed to another information regarding the Company or
        its customers.

<PAGE>

10.  Copyrights and/or Patent Right

A.   Any invention and/or discovery and/or idea and/or development and/or work
     being the subject of copyrights (hereinafter: the "Invention"), which the
     Employee reached during the term of his employment with the Company and/or
     as a result of his employment with the Company, shall be deemed the
     property of the Company. The Company shall be entitled to act with the
     Invention as it desires, including registration of the Invention in its
     name.

B.   The Employee undertakes to do whatever is necessary to obtain protection
     for the Invention in the Company's favor, including signing all the
     documents required for the purpose of obtaining such protection.

C.   The Employee undertakes not to disclose any detail whatsoever in connection
     with the Invention and not to make any use of the Invention without the
     Company's explicit consent in writing.

11.  Work Procedures at the Company

A.   The work week is in accordance with the Law.

B.   The Employee shall comply with all of the Company's procedures as in effect
     from time to time.

12.  Nondisclosure and No Competition

A.   The Employee undertakes, during the term of this Agreement and subsequent
     thereto, to keep in absolute confidence any material regarding the Company
     and/or its subsidiaries, their business and activities and any information
     connected with his work or with customers, their plans and activities,
     including his Salary and the conditions of his employment. The Employee
     undertakes not to convey to any entity or person, in any manner whatsoever,
     information of any kind whatsoever having to do with matters related to his
     work and/or duties, or information that came to his knowledge in the course
     of his employment in the Company's service, except in the framework of his
     work and for the Company's benefit. The Employee's commitments under this
     clause are unlimited in time and shall continue in effect also after the
     termination of this Agreement or the expiry of the employer/employee
     relations between the Employee and the Company for any reason whatsoever.

B.   The Employee undertakes not to transfer and/or photocopy and/or duplicate
     and/or reproduce any written material and any property and equipment of the
     Company, except in the course and for the purpose of his work.

     In case of the termination of the Employee's employment with the Company
     for any reason whatsoever, the Employee shall cause any equipment, property
     and document of the Company being in his possession or control, to be
     returned to the Company by the date of termination of his employment.

<PAGE>

C.   Without derogating from any of the foregoing, and solely for the purpose of
     adding thereto, the Employee undertakes during a period of 12 months from
     the date of termination of this Agreement for any reason whatsoever, not to
     apply directly or indirectly to customers of the Company and not to work
     with and/or on behalf of entities directly or indirectly competing with
     customers of the Company - whether by himself or through a company under
     his control, as a partner or as an interested party in a corporation,
     including in the framework of his activity as an employee or consultant or
     subcontractor of an entity competing with the Company's business, or in any
     other manner.

D.   The Employee undertakes to be liable toward the Company for any damage,
     loss or expense of any kind whatsoever, incurred to the Company or to any
     third party as a result of the breach of his undertakings in this
     Agreement.

E.   In any case of a breach by the Employee of any of his undertakings in this
     Agreement, the Company shall have a separate and independent right of claim
     against the Employee in respect of such breach, including the right to be
     awarded temporary reliefs such as injunctions.

13.  Transfer of Duties

     Upon the termination or conclusion of the Employee's employment with the
     Company, the Employee undertakes to transfer his duties to whomever the
     Company shall direct, in an orderly manner and in good time, and to deliver
     to the Company all of the documents and know-how and any other material in
     his possession, whether furnished to him by the Company or prepared,
     produced and/or developed by him in the course of and/or in connection with
     his work, up to the actual termination of his employment with the Company.

14.  Arbitration

A.   Any dispute between the parties in anything connected with or deriving from
     this Agreement, its validity, application and performance, shall be
     referred to the decision of an arbitrator to be agreed upon by the parties,
     and his decision shall be final and binding. The arbitrator shall be
     subject to substantive law, but shall be exempt from the laws of evidence
     and the procedures. The arbitrator shall explain his decision.

B.   In the absence of agreement between the parties as to the identity of the
     arbitrator, he shall be appointed by the President of the Bar in the city
     of Philadelphia.

15.  Appendices

A.   The following Appendices are attached to this Agreement: Appendix A -
     Principles of the Company's Policy on the Subject of Collaboration with
     Outside Entities and Trading in Shares of the Company.

B.   In any case of a contradiction or inconsistency between any of the
     provisions of this Agreement and any of the provisions of its Appendices,
     the provision in the Agreement shall prevail.

<PAGE>

C.   In the event that one or more of the Appendices to the Agreement is revised
     in the course of the performance of the provisions hereunder, where the
     revised version was approved in advance and in writing by each of the
     parties, the revised and approved version of that Appendix shall replace
     the version of the Appendix preceding it in time.

16.  Miscellaneous

A.   This Agreement, including all the Appendices hereto, contains, embodies,
     exhausts and reflects all the conditions agreed upon by the parties,
     relating to the Employee's employment with the Company. No party shall be
     heard on the contention of promises, guarantees, representations or oral
     agreements that are not reflected in this Agreement and its Appendices.

B.   A change in any of the provisions of this Agreement, or the waiver of any
     of the rights established herein or arising herefrom, shall not be valid
     unless made in writing by the parties.

17.  Addresses

     The parties' addresses in this regard are as stated in the Preamble to this
     Agreement. Notices under this Agreement shall be given in a letter
     delivered by hand or by facsimile or by registered post with confirmation
     of delivery.

           In witness whereof the parties have set their hands hereto:

/s/ Benjamin Givli                                           /s/ Ramon Harel
----------------------------------                           -------------------
For the Company                                              For the Employee
Benjamin Givli                                               Dr. Ramon Harel
Chairman of the Board of Directors

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