Stock Purchase Agreement between Cambois Finance Inc. and Sedona Corporation dated December 5, 2000

Summary

Cambois Finance Inc. agrees to purchase 1,030,928 shares of Sedona Corporation's common stock at $0.97 per share, along with 103,092 warrants to buy more shares at $1.35 each within four years. The purchase price is held in escrow by a law firm until the shares are delivered to Cambois. The shares are registered and free of resale restrictions. After delivery, payment will be released to Sedona, minus $70,000 paid to the underwriter. This agreement outlines the terms and delivery instructions for the transaction.

EX-10.16 9 0009.txt EXHIBIT 10.16 STOCK PURCHASE AGREEMENT This agreement is dated December 5, 2000 between Cambois Finance Inc. ("Purchaser"), and Sedona Corporation ("Company"), whereby the parties agree as follows: The Purchaser shall buy and the Company agrees to sell 1,030,928 shares of its Common Stock at a price of $0.97 per share and 103,092 common stock purchase warrants with a four-year term and a strike price of $1.35. Purchase of the shares and warrants shall be on a delivery versus payment basis. The Purchaser has delivered the full purchase price to the law firm of Epstein Becker & Green, P.C., 250 Park Avenue, New York, NY 10177, to be held in escrow by such firm pending delivery of the shares to Purchaser. Purchaser directs that the shares shall be delivered via DWAC to the following account: Broker No. 0443 Account No. 6E2-050510 And the warrant certificates should be delivered to: Rhino Advisors, Inc. 130 West 29th Street, 5th Floor New York, NY 10001 Attn: Ken Hill The shares of common stock have been registered on a Form S-3, File No. 333-37678, which registration statement has been declared effective by the Securities and Exchange Commission. The shares are free of restrictive legends and are free of any resale restrictions. The Company is delivering herewith a prospectus supplement on Form 424(b)(2) regarding the sale of the shares prior to funding. -1- Upon notice of receipt by the Purchaser of the shares by Purchaser from the Company, this letter shall serve as an irrevocable instruction from the Purchaser to Epstein Becker & Green, P.C. to deliver payment as directed by the Company, net of $70,000 which is to be paid directly to Ladenburg Thalmann & Co. Inc. as underwriter. AGREED AND ACCEPTED: Sedona Corporation By: /s/ William K. Williams ------------------------- Name: William K. Williams Title: VP & CFO Cambois Finance Inc. By: /s/ Hans Gassner ------------------------- Name: Hans Gassner Title: Director -2-