Common use of Directors Indemnification; Insurance Clause in Contracts

Directors Indemnification; Insurance. (i) The Company does not have directors' and officers' liability insurance, however, the Company intends on obtaining and maintaining directors' and officers' liability insurance in the near future, and the Edge Designees shall be covered under such insurance. (ii) The Certificate of Incorporation, By-laws and other organizational documents of the Company shall at all times, to the fullest extent permitted by law, provide for indemnification of, advancement of expenses to, and limitation of the personal liability of, the members of the Board of Directors of the Company. Such provisions may not be amended, repealed or otherwise modified in any manner adverse to any member of the Board of Directors of the Company until at least six years following the date that the Edge Designees are no longer members of the Board of Directors of the Company. (iii) The Edge Designees are intended to be third-party beneficiaries of the obligations of the Company pursuant to this Section 6(n), and the obligations of the Company pursuant to this Section 6(n) shall be enforceable by the Edger Designees.

Directors Indemnification; Insurance. (i) The Company does not have directors' and officers' liability insurance, however, the Company intends on obtaining and maintaining directors' and officers' liability insurance in the near future, and the Edge Designees Designee shall be covered under such insurance. (ii) The Certificate of Incorporation, By-laws and other organizational documents of the Company shall at all times, to the fullest extent permitted by law, provide for indemnification of, advancement of expenses to, and limitation of the personal liability of, the members of the Board of Directors of the Company. Such provisions may not be amended, repealed or otherwise modified in any manner adverse to any member of the Board of Directors of the Company until at least six years following the date that the Edge Designees are Designee is no longer members a member of the Board of Directors of the Company. (iii) The Edge Designees are Designee is intended to be a third-party beneficiaries beneficiary of the obligations of the Company pursuant to this Section 6(n), and the obligations of the Company pursuant to this Section 6(n) shall be enforceable by the Edger DesigneesDesignee.