Document:

exv10w102

 

EXHIBIT 10.102

AMENDMENT TO PROMISSORY NOTE

               This Amendment to the Promissory Note (the “Note”), dated as of August 17, 2006 executed by
Sedona Corporation (the “Borrower”) payable to the order of Oak Harbor Investment Properties,
L.L.C. (the “Lender”), in the principal amount of ONE MILLION FORTY THOUSAND FOUR HUNDRED TWO
DOLLARS and 22/100 CENTS ($1,040,402.22), is entered into as of March 6, 2008.

	 	 	   Whereas, the original payment dates of the Note were (the “Payment Dates:) as
follows: (a) Borrower was to pay Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) on
each May 1, 2007 and May 1, 2008 together will accrued interest on the unpaid principal as of
such payment date; and (b) the entire unpaid balance of principal and all accrued but unpaid
interest was due and payable on May 1, 2009; and
	 
	 	 	Whereas, Lender and the Borrower previously entered into several extensions of the
Payment Dates and desire to further extend the Payment Dates;
	 
	 	 	Whereas, Borrower has made no payments under the Note to date; and
	 
	 	 	Whereas, Borrower and the Lender 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 May 1, 2009.

	 
	 	2.	 	To effectuate the foregoing:

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

	 	 	 	“PAYMENT. The principal balance of the Note, plus all accrued and unpaid interest
shall be due and payable on May 1, 2009. Unless otherwise agreed or required by
applicable law, payments will be applied first to accrued unpaid interest, then to
principal, and any remaining amount to any unpaid collection cost and late charges.
The annual interest rate for this Note is computed on a 365/360 basis; that is, by
applying the ratio of the annual interest rate over a year of 360 days, multiplied
by the outstanding principal balance, multiplied by the actual number of days the
principal balance is outstanding. Borrower will pay Lender at Lender’s address
shown above or at such other place as Lender may designate in writing”

	 	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.

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	David R. Vey, Principal

Oak Harbor Investment Properties	 
	 	 	 
	 	 	 
	 
	 	Sedona Corporation	 
	 	 	 
	 	 	 
	 	By:  	Marco Emrich, President
 

-2-exv10w103

 

EXHIBIT 10.103

AMENDMENT TO PROMISSORY NOTE

               This Amendment to the Promissory Note (the “Note”), dated as of September 27, 2006, executed
by Sedona Corporation (the “Borrower”) payable to the order of David Vey (the “Lender”), in the
principal amount of Five Hundred Thousand Dollars and 00/100 Cents ($500,000), is entered into as
of March 6, 2008.

	 	 	Whereas,
the Note was originally due to mature on August 17, 2007
(the “Maturity Date”); and
	 
	 	 	 Whereas, Lender and the Borrower previously entered into several extensions of
the Payment Dates and desire to further extend the Payment Dates;
	 
	 	 	Whereas, Borrower has made no payments under the Note to date; and
	 
	 	 	Whereas, Borrower and the Lender 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 of the Note shall be replaced in its entirety by the following:

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

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

	 	 	 	     “PAYMENT. The Line shall be payable by the application of the proceeds of the
Receivables (as herein defined) of the Borrower as and when same are collected by
the Borrower, together with accrued interest at the rate of eight (8%) per annum.
The Line will mature on January 1, 2009, on which date all unpaid sums of principal
and interest will be due and payable. In the event that the Borrower has Excess
Cash which shall for purposes of this Note shall be defined as Capital plus
Accumulated Net Cash as such terms are defined pursuant to GAAP at any time during
the term of the Note in an amount greater than Five Hundred Thousand Dollars and
00/100 Cents ($500,000.00) prior to January 1, 2009, then the Borrower shall pay
all such Excess Cash to the Lender within five (5) days of receipt of such sums.
Upon receipt of such payment, the Lender shall apply such sums to the outstanding
principal and interest in accordance with the terms of this Note.

	 	 	 	Borrower will pay, on a quarterly basis, all accrued and unpaid interest on the
line, in amounts which will vary depending on the outstanding principal balance

 

 

	 	 	 	of the line. Unless otherwise agreed or required by applicable law, payments will
be applied first to accrued unpaid interest, then to principal, and any remaining
amount to any unpaid collection costs and late charges. The annual interest rate
for this Note is computed on a 365/360 basis; that is, by applying the ratio of the
annual interest rate over a year of 360 days, multiplied by the outstanding
principal balance, multiplied by the actual number of days the principal balance is
outstanding. Borrow will pay Lender at Lender’s address shown above or at such
other place as Lender may designate in writing.”

	 	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.

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	David R. Vey	 
	 	 	 
	 	 	 
	 
	 	Sedona Corporation	 
	 	 	 
	 	 	 
	 	By:  	Marco Emrich, Presidentexv10w104

 

EXHIBIT 10.104

AMENDMENT TO PROMISSORY NOTE

               This
Amendment to the Promissory Note (the “Note”), dated as of October 23, 2006, executed by
Sedona Corporation (the “Borrower”) payable to the order of David Vey (the “Lender”), in the
principal amount of ONE MILLION TWO HUNDRED THIRTEEN THOUSAND NINE HUNDRED FIFTY-TWO DOLLARS and
81/100 CENTS ($1,213,952.81), is entered into as of March 6, 2008.

	 	 	   Whereas, the original payment dates of the Note were (the “Payment Dates:) as
follows: one half of the principal sum upon the earlier of: (a) ten (10) days after a closing
of the purchase or debt and/or equity securities of the Borrower arranged by Stonegate
Securities, Inc.; or (b) sixty (60) days from the October 23, 2006; and (b) the balance of
principal, together with all accrued interest on October 23, 2007; and
	 
	 	 	Whereas, Lender and the Borrower previously entered into several extensions of the
Payment Dates and desire to further extend the Payment Dates;
	 
	 	 	Whereas, Borrower has made no payments under the Note to date; and
	 
	 	 	Whereas, Borrower and the Lender 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:

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

	 	 	 	“PAYMENT. The principal balance of the Note, plus all accrued and unpaid interest
shall be due and payable on January 1, 2009. Unless otherwise agreed or required by
applicable law, payments will be applied first to accrued unpaid interest, then to
principal, and any remaining amount to any unpaid collection cost and late charges.
The annual interest rate for this Note is computed on a 365/360 basis; that is, by
applying the ratio of the annual interest rate over a year of 360 days, multiplied
by the outstanding principal balance, multiplied by the actual number of days the
principal balance is outstanding. Borrower will pay Lender at Lender’s address
shown above or at such other place as Lender may designate in writing”

	 	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.

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	David R. Vey	 
	 	 	 
	 	 	 
	 
	 	Sedona Corporation	 
	 	 	 
	 	 	 
	 	By:  	Marco Emrich, President
 	 

-2-exv10w105

 

EXHIBIT 10.105

AMENDMENT TO SECURED CONVERTIBLE NOTE

               This Amendment to the Secured Convertible Note (the “Note”), dated as of October 23, 2006,
executed by Sedona Corporation (the “Maker”) payable to the order of David R. Vey (the “Holder”),
in the principal amount of TWO MILLION SIX HUNDRED NINETY-ONE THOUSAND TWO HUNDRED SIXTY-THREE
DOLLARS and 36/100 CENTS ($2,691,263.36), is entered into as of March 6, 2008.

	 	 	Whereas, the Note was originally due to mature on October 23, 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 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 theretofore converted. 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.

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	David R. Vey	 
	 	 	 
	 	 	 
	 
	 	Sedona Corporation	 
	 	 	 
	 	 	 
	 	By:  	Marco Emrich, President
 	 

-2-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]