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WAIVER

Waiver Agreement

WAIVER | Document Parties: SEDONA CORP | Charles F. Mitchell You are currently viewing:
This Waiver Agreement involves

SEDONA CORP | Charles F. Mitchell

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Title: WAIVER
Governing Law: Pennsylvania     Date: 11/9/2006
Industry: Software and Programming    

WAIVER, Parties: sedona corp , charles f. mitchell
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                                  EXHIBIT 10.91

                                     WAIVER

     WAIVER dated as of October 23, 2006 by and between Charles F. Mitchell, a
Louisiana resident ("Mitchell"), and Sedona Corporation, a corporation organized
under the laws of the Commonwealth of Pennsylvania (the "Company").

     WHEREAS, on March 28, 2006 Mitchell and the Company executed a binding Term
Sheet whereby Mitchell agreed to provide the Company with Three Hundred Thousand
and 00/100 Dollars ($300,000.00) of working capital financing (the "First
Loan"); and

     WHEREAS, the First Loan was evidenced by a convertible promissory note
dated March 30, 2006 in the principal amount of First Loan (collectively the
"First Note"), which note grants Mitchell the option to convert all or part of
the outstanding balance of such note into shares of the Company at a conversion
price of $0.25 per share; and

     WHEREAS, the Company and Mitchell also entered into a Loan Agreement which
set forth certain terms and conditions of the First Loan, including but not
limited to anti dilution protection for the conversion price (the "First Loan
Agreement"); and

     WHEREAS, the First Loan Agreement and First Note were replaced on May 31,
2006 by new a loan (the "Second Loan") agreement (the "Second Loan Agreement"),
and a new convertible note (the "Second Note") which changed the conversion
price of the Second Loan from $0.25 per share to $.20 per share; and

     WHEREAS, pursuant to a refinancing of certain loans made by David R. Vey
("Vey") to the Company, the Compa


 
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