Common use of Edge Clause in Contracts

Edge. (i) Edge represents and warrants to the Company that Edge is acquiring this Note and the underlying securities for Edge's own account for investment only and not with a view to distribution or resale of the Note or underlying securities. Edge represents that it is an "accredited investor" as such term is defined in Rule 501 under the Act. Edge understands that the Note and the underlying securities are being issued to Edge pursuant to an exemption from the registration requirements of the Act and, accordingly, must be held indefinitely by Edge unless later transferred in transactions that are either registered under the Act or exempt from registration. (ii) Edge represents and warrants to the Company that Edge has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Note and the underlying securities and that Edge is able to incur a complete loss of Edge's investment and to bear the risk of such a loss for an indefinite period of time. Edge understands that the Note and any securities acquired upon conversion are a risky and speculative investment.