Document:

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                                                                    EXHIBIT 4.11

THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR ANY OTHER APPLICABLE SECURITIES LAW, AND MAY NOT BE TRANSFERRED IN
THE ABSENCE OF REGISTRATION THEREUNDER OR AN EXEMPTION THEREFROM.

                                     WARRANT

                           To Purchase Common Stock of

                           EDGE TECHNOLOGY GROUP, INC.

     1. Issuance. This Warrant, dated as of April 1, 2002 (the "Issuance Date"),
        --------
is issued to______________________________ by Edge Technology Group, Inc., a
Delaware corporation (hereinafter with its successors called the "Company"). The
term Warrant as used herein shall include this Warrant and any warrants
delivered in substitution or exchange herefor or therefor as provided herein.

     2. Exercise of Warrant.
        -------------------

          (a) Exercise Price; Number of Shares. This Warrant represents the
     -------------------------------- right to purchase from the Company
     __________________________________________________ (_______) shares (the
     "Warrant Shares") of the Company's common stock, $0.01 par value ("Common
     Stock") at an initial exercise price of One Dollar and Fifteen Cents
     ($1.15) per share (the "Exercise Price"). Until such time as this Warrant
     is exercised in full or expires, the Exercise Price and the Warrant Shares
     are subject to adjustments pursuant to the procedures described in Section
     below.

          (b) Exercise Procedure. Subject to the terms and conditions of this
              ------------------
     Warrant, the registered holder of this Warrant (the "Holder"), is entitled
     to exercise this Warrant during the Exercise Period, in whole or in part,
     upon surrender of this Warrant together with payment of the Exercise Price
     and delivery of the subscription form (as annexed hereto, the "Subscription
     Form") duly executed, to be presented at the office of the Company, 6611
     Hillcrest, No. 223, Dallas, Texas 75205, or such other office in the United
     States as the Company shall notify the Holder of in writing.

          (c) Exercise Period. This Warrant may be exercised at any time after
              ---------------
     the second anniversary of the Issuance Date until the earlier of (i) the
     fourth anniversary of the Issuance Date or (ii) the date of a Deemed
     Liquidation, as defined below (the "Exercise Period"); provided, however,
                                                            --------  -------
     that the Company shall not effect a Deemed Liquidation without compliance
     with the provisions of Section 2(d) below.

          (d) Deemed Liquidation. For purposes of this Warrant, a "Deemed
              ------------------
     Liquidation" shall mean (i) any liquidation, dissolution or winding up of
     the Company, (ii) any sale, conveyance or disposition of all or
     substantially all of its property or business, (iii) any merger or
     consolidation with any other corporation (other than a wholly owned
     subsidiary corporation) or (iv) any other transaction or series of related
     transactions in which more than fifty percent (50%) of the voting power of
     the Company

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     will not,immediately after such acquisition or transaction be held by the
     Company's stockholders of record as constituted immediately prior to such
     acquisition or transaction, provided that a merger effected exclusively for
                                 --------
     the purpose of changing the domicile of the Company shall not constitute be
     a Deemed Liquidation.

               (i) Notice of Transaction. The Company shall give each Holder
          written notice of a Deemed Liquidation (a "Notice of Liquidation
                                                     ---------------------
          Event") not later than ten (10) days prior to the stockholders'
          -----
          meeting called to approve such transaction, or ten (10) days prior to
          the closing of such transaction, whichever is earlier, and shall also
          notify the Holders in writing of the final approval of such
          transaction. The first of such notices shall describe the material
          terms and conditions of the impending transaction and the provisions
          of this Section 2(d), and the Company shall thereafter give such
          Holders prompt notice of any material changes. The transaction shall
          in no event take place sooner than ten (10) days after the Company has
          given the first notice provided for herein or sooner than five (5)
          days after the Company has given notice of any material changes
          provided for herein; provided, however, that such periods may be
          shortened upon the written consent of all of the Holders.

               (ii) Effect of Noncompliance. In the event the requirements of
          this Section 2(d) are not complied with, the Company shall forthwith
          either cause the closing of the transaction to be postponed until such
          requirements have been complied with, or cancel such transaction.

               (iii) Election to Exercise. Upon receipt of a Notice of
          Liquidation Event, each Holder shall have the right to elect to
          exercise this Warrant, in whole or in part, as provided for in this
          Section 2, notwithstanding the prohibition on exercise prior to the
          second anniversary of the Issuance Date set forth in Section 2(c)
          above.

     3. Payment of Exercise Price. The Holder may make payment of the Exercise
        --------------------------
Price in cash or by certified or official bank check payable to the order of the
Company or by wire transfer of immediately available funds to the account of the
Company.

     4. Cashless Exercise of Warrants.
        -----------------------------

          (a) Notwithstanding the provisions of Section 3 above, if the Fair
     Market Value is greater than the Exercise Price (at the date of
     calculation, as set forth below), in lieu of exercising the Warrant as
     permitted in Section 2.1(b), the Holder may elect to receive shares of
     Common Stock equal to the value (as determined below) of the Warrants (or
     the portion thereof being canceled) by surrender of the Warrant, together
     with the Subscription Form duly executed, to the Company at its office
     referred to in Section 2(b) hereof, in which event the Company shall issue
     to the Holder that number of shares of Common Stock computed using the
     following formula:

                              CS = WCS x (FMV - EP)
                                   ----------------

Warrant - Page 2

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                                      FMV

     Where

               CS equals the number of shares of Common Stock to be issued to
               the holder of the Warrant

               WCS equals the number of shares of Common Stock purchasable under
               the Warrants being exercised (at the date of such calculation)

               FMV equals the Fair Market Value of one share of the Common Stock
               (at the date of such calculation)

               EP equals the Exercise Price (as adjusted to the date of such
               calculation).

          (b) For purposes of Rule 144 under the Securities Act, 17 C.F.R. ss.
     230.144, the parties hereto agree that the exercise of any Warrants in
     accordance with this Section 2.2 shall be deemed to be a conversion of such
     Warrants, pursuant to the terms of this Agreement and the Warrants, into
     Common Stock.

          (c) For purposes of this Section 4, "Fair Market Value" shall mean
     with respect to every share of Common Stock on any date in question (i) the
     average of the closing bid prices per share of the Common Stock for the
     previous fifteen (15) consecutive trading days (A) on the principal
     securities exchange or trading market where the Common Stock is listed or
     traded or, if the foregoing does not apply, (B) in the over-the-counter
     market on the electronic bulletin board for the Common Stock or (ii), if,
     and only if, no trading price is reported for the Common Stock, then its
     Fair Market Value shall be as determined, in good faith by the board of
     directors of the Company. If the Holder shall object in writing within 5
     days of notification of the determination of the Company's board of
     directors, then the Fair Market Value shall be determined by an investment
     banking firm or appraisal firm (which firm shall own no securities of, and
     shall not be an affiliate, subsidiary or a related person of, the Company
     or any Holder) of recognized national standing retained by the Company and
     acceptable to the Holder.

     5. Partial Exercise. This Warrant may be exercised in part, and the Holder
        -----------------
shall be entitled to receive a new warrant, which shall be dated as of the date
of this Warrant, covering the number of Warrant Shares in respect of which this
Warrant shall not have been exercised.

     6. Issuance Date. The person or persons in whose name or names any
        -------------
certificate representing Warrant Shares is issued hereunder shall be deemed to
have become the holders of record of such shares represented thereby as at the
close of business on the date this Warrant is exercised with respect to such
shares, whether or not the transfer books of the Company shall be closed. As
soon as practicable after the exercise of this Warrant, the Company at its
expense (including the payment of any applicable taxes) will use its best lawful
efforts to cause the Company's transfer agent to issue and deliver to Holder a
certificate for the number of fully paid nonassessable shares of Common Stock to
which such Holder is entitled.

Warrant - Page 3

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     7. Reserved Shares; Valid Issuance. The Company covenants that it will
        -------------------------------
reserve and keep available at all times from and after the date hereof such
number of its authorized shares of Common Stock, free from all preemptive or
similar rights therein, as will be sufficient to permit the exercise of this
Warrant in full. The Company further covenants that such shares as may be issued
pursuant to the exercise of this Warrant will, upon issuance, be duly and
validly issued, fully paid and nonassessable and free from all taxes, liens and
charges with respect to the issuance thereof.

     8. Adjustment Provision.
        --------------------

          (a) Subdivisions, Split-ups, Combinations and Stock Dividends. If
              ---------------------------------------------------------
     after the Issuance Date the Company shall subdivide the Common Stock, by
     split up or otherwise, or combine such shares, or issue additional shares
     in payment of a stock dividend on such shares, the number of shares
     issuable on the exercise of this Warrant shall forthwith be proportionately
     increased in the case of a subdivision or stock dividend, or
     proportionately decreased in the case of a combination, and the Exercise
     Price shall forthwith be proportionately decreased in the case of a
     subdivision or stock dividend, or proportionately increased in the case of
     a combination.

          (b) Reclassifications. If after the Issuance Date there shall be any
              -----------------
     reclassification, capital reorganization or change of the Common Stock
     (other than as a result of a subdivision, combination or stock dividend
     provided for in Section 7(a) hereof), then, as a condition of such
     reclassification, reorganization or change, lawful provisions shall be
     made, and duly executed documents evidencing the same from the Company
     shall be delivered to the Holder, so that the Holder shall thereafter have
     the right to purchase, at a total price not to exceed that payable upon the
     exercise of this Warrant in full, the kind and amount of shares of stock
     and other securities and property receivable upon such reclassification,
     reorganization or change, by holders of the number of shares of Common
     Stock which might have been purchased by the Holder immediately prior to
     such reclassification, reorganization or change, and in such case
     appropriate provisions shall be made with respect to the rights and
     interest of the Holder to the end that the provisions hereof (including,
     without limitation, provisions for the adjustment of the Exercise Price and
     the number of shares issuable hereunder) shall thereafter be applicable in
     relation to any shares of stock or other securities and property thereafter
     deliverable upon exercise hereof.

     9. Fractional Shares. In no event shall any fractional share of Common
        ------------------
Stock be issued upon any exercise of this Warrant and the number of shares of
Common Stock to be issued shall be rounded to the nearest whole share.

     10. Certificate of Adjustment. Whenever the Exercise Price or the number of
         -------------------------
shares issuable hereunder is adjusted, as herein provided, the Company shall
promptly deliver to the Holder a certificate of the Company's Chief Financial
Officer setting forth the number of shares issuable hereunder and the Exercise
Price after such adjustment and setting forth a brief statement of the facts
requiring such adjustment.

Warrant - Page 4

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     11. Notices of Record Date. In the event of:
         ----------------------

          (a) any taking by the Company of a record of the holders of any class
     of securities for the purpose of determining the holders thereof who are
     entitled to receive any dividend or other distribution, or any right to
     subscribe for, purchase or otherwise acquire any shares of stock of any
     class or any other securities or property, or to receive any other right,

          (b) any reclassification of the capital stock of the Company, capital
     reorganization of the Company, or

          (c) any transaction which would constitute a Deemed Liquidation,

     then and in each such event the Company will mail or cause to be mailed to
     the Holder a notice specifying (i) the date on which any such record is to
     be taken for the purpose of such dividend, distribution or right, and
     stating the amount and character of such dividend, distribution or right,
     or (ii) the date on which any such reclassification, reorganization,
     conveyance or Deemed Liquidation is to take place, and the time, if any is
     to be fixed, as of which the holders of record in respect of such event are
     to be determined. Such notice shall be mailed at least ten (10) days prior
     to the date specified in such notice on which any such action is to be
     taken.

     12. Amendment. The terms of this Warrant may be amended, modified or waived
         ---------
only with the written consent of the Company and the Holder.

     13. Warrant Register; Transfers.
         ---------------------------

          (a) The Company will maintain a register containing the names and
     addresses of the registered holders of the Warrants. The Holder may change
     his or its address as shown on the warrant register by written notice to
     the Company requesting such change. Any notice or written communication
     required or permitted to be given to the Holder may be given by certified
     mail or delivered to the Holder at his or its address as shown on the
     warrant register.

          (b) Subject to compliance with applicable federal and state securities
     laws, this Warrant may be transferred by the Holder with respect to any or
     all of the Warrant Shares purchasable hereunder. Upon surrender of this
     Warrant to the Company, together with the assignment hereof properly
     endorsed for transfer of this Warrant as an entirety by the Holder, the
     Company shall issue a new warrant of the same denomination to the assignee.
     Upon surrender of this Warrant to the Company, together with the assignment
     hereof properly endorsed by the Holder for transfer with respect to a
     portion of the Warrant Shares purchasable hereunder, the Company shall
     issue a new warrant to the assignee, in such denomination as shall be
     requested by the Holder hereof, and shall issue to such Holder a new
     warrant covering the number of shares in respect of which this Warrant
     shall not have been transferred.

Warrant - Page 5

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          (c) In case this Warrant shall be mutilated, lost, stolen or
     destroyed, the Company shall issue a new warrant of like tenor and
     denomination and deliver the same (i) in exchange and substitution for and
     upon surrender and cancellation of any mutilated Warrant, or (ii) in lieu
     of any Warrant lost, stolen or destroyed, upon receipt of evidence
     reasonably satisfactory to the Company of the loss, theft or destruction of
     such Warrant (including a reasonably detailed affidavit with respect to the
     circumstances of any loss, theft or destruction) and of indemnity
     reasonably satisfactory to the Company.

     14. No Impairment. The Company will not, by amendment of its Charter or
         -------------
by-laws or through any reclassification, capital reorganization, consolidation,
merger, sale or conveyance of assets, dissolution, liquidation, issue or sale of
securities or any other voluntary action, avoid or seek to avoid the observance
or performance of any of the terms of this Warrant, but will at all times in
good faith assist in the carrying out of all such terms and in the taking of all
such action as may be necessary or appropriate in order to protect the rights of
the Holder.

     15. Governing Law. The provisions and terms of this Warrant shall be
         -------------
governed by and construed in accordance with the internal laws of State of
Texas, without giving effect to principles of conflicts law.

     16. Successors and Assigns. This Warrant shall be binding upon the
         ----------------------
Company's successors and assigns and shall inure to the benefit of each of the
Holder's successors, legal representatives and permitted assigns.

                            [signature page follows]

Warrant - Page 6

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     IN WITNESS WHEREOF, the Company has caused this Warrant to be executed as
an instrument under seal by its duly authorized officer as of the date first
above written.

                                       EDGE TECHNOLOGY GROUP, INC.

                                       By: ----------------------------------
                                           Graham C. Beachum II
                                           President and Chief Executive Officer

Attest:

---------------------------------
David N. Pilotte, Secretary

Warrant - Page 7

<PAGE>

                                  Subscription

Date:___________

         The undersigned hereby subscribes for:

         _______ shares of Common Stock covered by this Warrant.

The certificate(s) for such shares shall be issued in the name of the
undersigned or as otherwise indicated below:

                                            ------------------------------------
                                            Signature

                                            ------------------------------------
                                            Name for Registration

                                            ------------------------------------
                                            Mailing Address

<PAGE>

                                   Assignment

          For value received _______________hereby sells, assigns and transfers
     unto ---------------
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
             Please print or typewrite name and address of Assignee

the within Warrant, and does hereby irrevocably constitute and appoint

________________its attorney to transfer the within Warrant on the books of the

within named Company with full power of substitution in the premises.

Dated:
      ------------------------------

                                         ---------------------------------------

In the Presence of:

------------------------------------<PAGE>

                                                                    EXHIBIT 4.12

                          REGISTRATION RIGHTS AGREEMENT

                                  April 1, 2002

     To Each of the Several Purchasers to the Series A Convertible Preferred
Stock Subscription and Purchase Agreement of even date herewith

Dear Sirs:

     This will confirm that in consideration of your agreement on the date
hereof to purchase an aggregate of 4,200 shares of Series A Convertible
Preferred Stock, $0.01 par value per share of Edge Technology Group, Inc., a
Delaware corporation (the "Company"), pursuant to the Subscription and
Securities Purchase Agreement of even date herewith (the "Purchase Agreement")
between the Company and you and as an inducement to you to consummate the
transactions contemplated by the Purchase Agreement, the Company covenants and
agrees with each of you as follows:

     1. Certain Definitions. As used in this Agreement, the following terms
        -------------------
shall have the following respective meanings:

        "Commission" shall mean the Securities and Exchange Commission, or any
         ----------
other federal agency at the time administering the Securities Act.

         "Common Stock" shall mean the Common Stock, $.01 par value, of the
          ------------
Company, as constituted as of the date of this Agreement.

        "Conversion Shares" shall mean shares of Common Stock issued upon
         -----------------
conversion of the Preferred Shares.

        "Exchange Act" shall mean the Securities Exchange Act of 1934, as
         ------------
amended, or any similar federal statute, and the rules and regulations of the
Commission thereunder, all as the same shall be in effect at the time.

        "Preferred Shares" shall mean at any time, the number of shares of
         ----------------
Series A Convertible Preferred Stock which are then currently outstanding.

        "Purchasers" shall mean the several Purchasers named in Schedule I to
         ----------                                             ----------
the Purchase Agreement.

        "Registration Expenses" shall mean the expenses so described in
         ---------------------
Section 8.

        "Restricted Stock" shall mean the Conversion Shares, excluding
         ----------------
Conversion Shares which (a) have been registered under the Securities Act
pursuant to an effective registration statement filed thereunder and disposed of
in accordance with registration statement

<PAGE>

covering them or (b) have become eligible for public re-sale pursuant to Rule
144 under the Securities Act.

     "Securities Act" shall mean the Securities Act of 1933, as amended, or any
      --------------
similar federal statute, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.

        "Selling Expenses" shall mean the expenses so described in Section 8.
         ----------------

     2. Required Registration.
        ---------------------

        a. At the earlier of (i) any time after the first anniversary of the
     Closing Date as such term is defined in the Purchase Agreement, or (ii) at
     the time at which a demand to register other restricted stock of the
     Company (other than employee stock options on Form S-8) is made by the
     holders thereof, then the holders of Restricted Stock constituting at least
     40% of the total shares of Restricted Stock then outstanding may request
     the Company to register under the Securities Act all or any portion of the
     shares of Restricted Stock held by such requesting holder or holders for
     sale in the manner specified in such notice. For purposes of this Section 2
     and Section 3, 10(a) and 10(d), the term "Restricted Stock" shall be deemed
     to include the number of shares of Restricted Stock which would be issuable
     to a holder of Preferred Shares upon conversion of all such Preferred
     Shares held by such holder at such time, provided, however, that the only
                                              --------  -------
     securities which the Company shall be required to register pursuant hereto
     shall be shares of Common Stock. Notwithstanding anything to the contrary
     contained herein, the Company shall not be obligated to effect, nor to take
     any action to effect, any such registration pursuant to this Section 2
     during the period starting with the date forty-five (45) days prior to the
     Company's good faith estimate of the date of filing of, and ending on a
     date ninety (90) days after the effective date of, a Company-initiated
     registration ; provided that the Company is actively employing in good
                    --------
     faith all reasonable efforts to cause such registration statement to become
     effective.

        b. Following receipt of any notice under this Section 2, the Company
     shall immediately notify all holders of Restricted Stock from whom notice
     has not been received and shall use commercially reasonable efforts to
     register under the Securities Act, for public sale in accordance with the
     method of disposition specified in such notice from requesting holders, the
     number of shares of Restricted Stock specified in such notice (and in all
     notices received by the Company from other holders within 30 days after the
     giving of such notice by the Company). If such method of disposition shall
     be an underwritten public offering, the Company will designate the managing
     underwriter of such offering. The Company shall be obligated to register
     Restricted Stock pursuant to this Section 2 on one occasion only, provided,
                                                                       --------
     however, that such obligation shall be deemed satisfied only when a
     -------
     registration statement covering all shares of Restricted

Registration Rights Agreement - Page 2

<PAGE>

     Stock specified in notices received and not rescinded as aforesaid, for
     sale in accordance with the method of disposition specified by the
     requesting holders, shall have become effective and, if such method of
     disposition is a firm commitment underwritten public offering, all such
     shares shall have been sold pursuant thereto.

         c. The Company and any other holders of Common Stock which the Company
     shall permit to participate shall be entitled to include in any
     registration statement referred to in this Section 2, for sale in
     accordance with the method of disposition specified by the requesting
     holders, shares of Common Stock to be sold by the Company or such other
     holders for their own account, except as and to the extent that, in the
     opinion of the managing underwriter (if such method of disposition shall be
     an underwritten public offering), such inclusion would adversely affect the
     marketing of the Restricted Stock to be sold.

     3. Incidental Registration. If the Company at any time (other than pursuant
        -----------------------
to Section 2) proposes to register any of its Common Stock under the Securities
Act for sale to the public, whether for its own account or for the account of
other security holders or both (except with respect to registration statements
on Forms S-4, S-8 or another form not available for registering the Restricted
Stock for sale to the public), each such time it will give written notice to all
holders of outstanding Restricted Stock of its intention so to do. Upon the
written request of any such holder, received by the Company within 10 business
days after the giving of any such notice by the Company, to register any of its
Restricted Stock (which request shall state the intended method of disposition
thereof), the Company will use its commercially reasonable efforts to cause the
Restricted Stock as to which registration shall have been so requested to be
included in the securities to be covered by the registration statement proposed
to be filed by the Company, all to the extent requisite to permit the sale or
other disposition by the holder (in accordance with its written request) of such
Restricted Stock so registered. In the event that any registration pursuant to
this Section 3 shall be, in whole or in part, an underwritten public offering of
Common Stock, the number of shares of Restricted Stock to be included in such an
underwriting may be reduced (pro rata among the requesting holders based upon
the number of shares of Restricted Stock owned by such holders) if and to the
extent that the managing underwriter shall be of the opinion that such inclusion
would adversely affect the marketing of the securities to be sold by the Company
therein; provided, however, that such number of shares of Restricted Stock shall
         --------  -------
not be reduced if any shares are to be included in such underwriting for the
account of any executive officer or director of the Company. Notwithstanding the
foregoing provisions, the Company may withdraw any registration statement
referred to in this Section 3 without thereby incurring any liability to the
holders of the Restricted Stock.

     4. Registration Procedures. If and whenever the Company is required by the
        -----------------------
provisions of Section 2 or 3 to use commercially reasonable efforts to effect
the registration of any shares of Restricted Stock under the Securities Act, the
Company will, use commercially reasonable efforts to:

Registration Rights Agreement - Page 3

<PAGE>

         a. prepare and file with the Commission a registration statement with
     respect to such securities and use commercially reasonable efforts to cause
     such registration statement to become and remain effective for the period
     of the distribution contemplated thereby (determined as hereinafter
     provided);

         b. prepare and file with the Commission such amendments and supplements
     to such registration statement and the prospectus used in connection
     therewith as may be necessary to keep such registration statement effective
     for the period specified in paragraph (a) above and comply with the
     provisions of the Securities Act with respect to the disposition of all
     Restricted Stock covered by such registration statement in accordance with
     the sellers' intended method of disposition set forth in such registration
     statement for such period;

         c. furnish to each seller of Restricted Stock and to each underwriter
     such number of copies of the registration statement and the prospectus
     included therein (including each preliminary prospectus) as such persons
     reasonably may request in order to facilitate the public sale or other
     disposition of the Restricted Stock covered by such registration statement;

         d. use commercially reasonable efforts to register or qualify the
     Restricted Stock covered by such registration statement under the
     securities or "blue sky" laws of such jurisdictions as the sellers of
     Restricted Stock or, in the case of an underwritten public offering, the
     managing underwriter reasonably shall request, provided, however, that the
                                                    --------  -------
     Company shall not for any such purpose be required to qualify generally to
     transact business as a foreign corporation in any jurisdiction where it is
     not so qualified or to consent to general service of process in any such
     jurisdiction;

         e. use commercially reasonable efforts to list the Restricted Stock
     covered by such registration statement with any securities exchange on
     which the Common Stock of the Company is then listed;

         f. immediately notify each seller of Restricted Stock and each
     underwriter under such registration statement, at any time when a
     prospectus relating thereto is required to be delivered under the
     Securities Act, of the happening of any event of which the Company has
     knowledge as a result of which the prospectus contained in such
     registration statement, as then in effect, includes an untrue statement of
     a material fact or omits to state a material fact required to be stated
     therein or necessary to make the statements therein not misleading in light
     of the circumstances then existing;

         g. if the offering is underwritten and at the request of any seller of
     Restricted Stock, use commercially reasonable efforts to furnish on the
     date that Restricted Stock is

Registration Rights Agreement - Page 4

<PAGE>

     delivered to the underwriters for sale pursuant to such registration: (i)
     an opinion dated such date of counsel representing the Company for the
     purposes of such registration, addressed to the underwriters, stating that
     such registration statement has become effective under the Securities Act
     and that (A) to the knowledge of such counsel, no stop order suspending the
     effectiveness thereof has been issued and no proceedings for that purpose
     have been instituted or are pending or contemplated under the Securities
     Act, (B) the registration statement, the related prospectus and each
     amendment or supplement thereof comply as to form in all material respects
     with the requirements of the Securities Act (except that such counsel need
     not express any opinion as to financial statements contained therein) and
     (C) to such other effects as reasonably may be requested by counsel for the
     underwriters and (ii) a letter dated such date from the independent public
     accountants retained by the Company, addressed to the underwriters, stating
     that they are independent public accountants within the meaning of the
     Securities Act and that, in the opinion of such accountants, the financial
     statements of the Company included in the registration statement or the
     prospectus, or any amendment or supplement thereof, comply as to form in
     all material respects with the applicable accounting requirements of the
     Securities Act, and such letter shall additionally cover such other
     financial matters (including information as to the period ending no more
     than five business days prior to the date of such letter) with respect to
     such registration as such underwriters reasonably may request; and

         h. make available for inspection by each seller of Restricted Stock,
     any underwriter participating in any distribution pursuant to such
     registration statement, and any attorney, accountant or other agent
     retained by such seller or underwriter, all financial and other records,
     pertinent corporate documents and properties of the Company, and cause the
     Company's officers, directors and employees to supply all information
     reasonably requested by any such seller, underwriter, attorney, accountant
     or agent in connection with such registration statement.

     For purposes of Section 4(a) and 4(b) and of Section 2(c), the period of
distribution of Restricted Stock in a firm commitment underwritten public
offering shall be deemed to extend until each underwriter has completed the
distribution of all securities purchase by it or a period of 90 days, which ever
first occurs, and the period of distribution of Restricted Stock in any other
registration shall be deemed to extend until the later of the sale of all
Restricted Stock covered thereby and 90 days after the effective date thereof.

     In connection with each registration hereunder, the sellers of Restricted
Stock will furnish to the Company in writing such information with respect to
themselves and the proposed distribution by them as reasonably shall be
necessary in order to assure compliance with federal and applicable state
securities laws.

Registration Rights Agreement - Page 5

<PAGE>

          In connection with each registration pursuant to Sections 2 or 3
covering an underwritten public offering, the Company and each seller agree to
enter into a written agreement with the managing underwriter selected in the
manner herein provided in such form and containing such provisions as are
customary in the securities business for such an arrangement between such
underwriter and companies of the Company's size and investment stature.

     5. Expenses. All expenses incurred by the Company in complying with
     ------------
sections 2 or 3, including, without limitation, all registration and filing
fees, printing expenses, fees and disbursements of counsel and independent
public accountants for the Company, fees and expenses (including counsel fees)
incurred in connection with complying with state securities or "blue sky" laws,
fees of the National Association of Securities Dealers, Inc., transfer taxes,
fees of transfer agents and registrars, costs of insurance and reasonable fees
and disbursements of one counsel for the sellers of Restricted Stock, but
excluding any Selling Expenses, are called "Registration Expenses". All
underwriting discounts and selling commissions applicable to the sale of
Restricted Stock are called "Selling Expenses".

        The Company will pay all Registration Expenses in connection with each
registration statement under Sections 2 or 3. All Selling Expenses in connection
with each registration statement under Sections 2 or 3 shall be borne by the
participating sellers in proportion to the number of shares sold by each, or by
such participating sellers other than the Company (except to the extent the
Company shall be a seller) as they may agree.

     6. Indemnification and Contribution.
        --------------------------------

          a. In the event of a registration of any of the Restricted Stock under
     the Securities Act pursuant to Sections 2 or 3, the Company will indemnify
     and hold harmless each seller of such Restricted Stock thereunder, each
     underwriter of such Restricted Stock thereunder and each other person, if
     any, who controls such seller or underwriter within the meaning of the
     Securities Act, against any losses, claims, damages or liabilities, joint
     or several, to which such seller, underwriter or controlling person may
     become subject under the Securities Act or otherwise, insofar as such
     losses, claims, damages or liabilities (or actions in respect thereof)
     arise out of or are based upon any untrue statement of any material fact
     contained in any registration statement under which such Restricted Stock
     was registered under the Securities Act pursuant to Sections 2 or 3, any
     preliminary prospectus or final prospectus contained therein, or any
     amendment or supplement thereof, or arise out of or are based upon the
     omission to state therein a material fact required to be stated therein or
     necessary to make the statements therein not misleading, and will reimburse
     each such seller, each such underwriter and each such controlling person
     for any legal or other expenses reasonably incurred by them in connection
     with investigating or defending any such loss, claim, damage, liability or
     action, provided, however, that the Company will not be liable in any such
             --------  -------
     case if and to the extent that any such loss, claim, damage or liability
     arises out of or is based upon an

Registration Rights Agreement - Page 6

<PAGE>

     untrue statement or omission so made in conformity with information
     furnished by any seller, any underwriter or any controlling person
     specifically for use in such registration statement or prospectus. It is
     agreed that the indemnity agreement contained in this Section 7(a) shall
     not apply to amounts paid in settlement of any such loss, claim, damage,
     liability or action if such settlement is effected without the consent of
     the Company (which consent shall not be unreasonably withheld or delayed).

          b. In the event of a registration of any of the Restricted Stock under
     the Securities Act pursuant to Sections 2 or 3, each seller of such
     Restricted Stock thereunder, severally and not jointly, will indemnify and
     hold harmless the Company, each person, if any, who controls the Company
     within the meaning of the Securities Act, each officer of the Company who
     signs the registration statement, each director of the Company, each
     underwriter and each person who controls any underwriter within the meaning
     of the Securities Act, against all losses, claims, damages or liabilities,
     joint or several, to which the Company or such officer, director,
     underwriter or controlling person may become subject under the Securities
     Act or otherwise, insofar as such losses, claims, damages or liabilities
     (or actions in respect thereof) arise out of or are based upon any untrue
     statement of any material fact contained in the registration statement
     under which such Restricted Stock was registered under the Securities Act
     pursuant to Sections 2 or 3, any preliminary prospectus or final prospectus
     contained therein, or any amendment or supplement thereof, or arise out of
     or are based upon the omission to state therein a material fact required to
     be stated therein or necessary to make the statements therein not
     misleading, and will reimburse the Company and each such officer, director,
     underwriter and controlling person for any legal or other expenses
     reasonably incurred by them in connection with investigating or defending
     any such loss, claim, damage, liability or action, provided, however, that
                                                        --------  -------
     such seller will be liable hereunder in any such case if and only to the
     extent that any such loss, claim, damage or liability arises out of or is
     based upon an untrue statement or omission made in reliance upon and in
     conformity with information pertaining to such seller, as such, furnished
     to the Company by such seller specifically for use in such registration
     statement or prospectus, and provided, further, however, that the liability
                                  --------  -------  -------
     of each seller hereunder shall not in any event to exceed the proceeds
     received by such seller from the sale of Restricted Stock covered by such
     registration statement. It is agreed that the indemnity agreement contained
     in this Section 6(b) shall not apply to amounts paid in settlement of any
     such loss, claim, damage, liability or action if such settlement is
     effected without the consent of seller hereunder (which consent shall not
     be unreasonably withhold or delayed).

          c. Promptly after receipt by an indemnified party hereunder of notice
     of the commencement of any action, such indemnified party shall, if a claim
     in respect thereof is to be made against the indemnifying party hereunder,
     notify the indemnifying party in writing thereof, but the omission so to
     notify the indemnifying party shall not relieve it from any liability which
     it may have to such indemnified party other than under this

Registration Rights Agreement - Page 7

<PAGE>

     Section 6 and shall only relieve it from any liability which it may have to
     such indemnified party under this Section 6 if and to the extent the
     indemnifying party is prejudiced by such omission. In case any such action
     shall be brought against any indemnified party and it shall notify the
     indemnifying party of the commencement thereof, the indemnifying party
     shall be entitled to participate in and, to the extent it shall wish, to
     assume and undertake the defense thereof with counsel reasonably
     satisfactory to such indemnified party, and, after notice from the
     indemnifying party to such indemnified party of its election so to assume
     and undertake the defense thereof, the indemnifying party shall not be
     liable to such indemnified party under this Section 6 for any legal
     expenses subsequently incurred by such indemnified party in connection with
     the defense thereof other than reasonable costs of investigation and of
     liaison with counsel so selected, provided, however, that, if the
                                       --------  -------
     defendants in any such action include both the indemnified party and the
     indemnifying party and the indemnified party shall have reasonably
     concluded that there may be reasonable defenses available to it which are
     different from or additional to those available to the indemnifying party
     or if the interest of the indemnified party reasonably may be deemed to
     conflict with the interests of the indemnifying party, the indemnified
     party shall have the right to select a separate counsel and to assume such
     legal defenses and otherwise to participate in the defense of such action,
     with the expenses and fees of such separate counsel and other expenses
     related to such participation to be reimbursed by the indemnifying party as
     incurred.

          d. In order to provide for just and equitable contribution to joint
     liability under the Securities Act in any case in which either (i) any
     holder of Restricted Stock exercising rights under this Agreement, or any
     controlling person of any such holder, makes a claim for indemnification
     pursuant to this Section 6 but it is judicially determined (by the entry of
     a final judgment or decree by a court of competent jurisdiction and the
     expiration of time to appeal or the denial of the last right of appeal)
     that such indemnification may not be enforced in such case notwithstanding
     the fact that this Section 6 provides for indemnification in such case, or
     (ii) contribution under the Securities Act may be required on the part of
     any such selling holder or any such controlling person in circumstances for
     which indemnification is provided under this Section 6; then, and in each
     such case, the Company and such holder will contribute to the aggregate
     losses, claims, damages or liabilities to which they may be subject (after
     contribution from others) in such proportion so that such holder is
     responsible for the portion represented by the percentage that the public
     offering price of its Restricted Stock offered by the registration
     statement bears to the public offering price of all securities offered by
     such registration statement, and the Company is responsible for the
     remaining portion; provided, however, that, in any such case, (A) no such
                        --------  -------
     holder will be required to contribute any amount in excess of the public
     offering price of all such Restricted Stock offered by it pursuant to such
     registration statement; and (B) no person or entity guilty of fraudulent
     misrepresentation will be entitled to contribution from any person or
     entity who was not guilty of such fraudulent misrepresentation.

Registration Rights Agreement - Page 8

<PAGE>

     7. Changes in Common Stock. If, and as often as, there is any change in the
        -----------------------
Common Stock by way of a stock split, stock dividend, combination or
reclassification, or through a merger, consolidation, reorganization or
recapitalization, or by any other means, appropriate adjustment shall be made in
the provisions hereof so that the rights and privileges granted hereby shall
continue with respect to the Common Stock as so changed.

     8. Rule 144 Reporting. With a view to making available the benefits of
        ------------------
certain rules and regulations of the Commission which may at any time permit the
sale of the Restricted Stock to the public without registration, at all times
after 90 days after any registration statement covering a public offering of
securities of the Company under the Securities Act shall have become effective,
the Company agrees to:

          a. make and keep public information available, as those terms are
     understood and defined in Rule 144 under the Securities Act;

          b. use commercially reasonable efforts to file with the Commission in
     a timely manner all reports and other documents required of the Company
     under the Securities Act and the Exchange Act; and

          c. furnish to each holder of Restricted Stock forthwith upon request a
     written statement by the Company as to its compliance with the reporting
     requirements of such Rule 144 and of the Securities Act and the Exchange
     Act, a copy of the most recent annual or quarterly report of the Company,
     and such other reports and documents so filed by the Company as such holder
     may reasonably request in availing itself of any rule or regulation of the
     Commission allowing such holder to sell any Restricted Stock without
     registration.

     9. Representations and Warranties of the Company.
        ---------------------------------------------- The Company represents
and warrants to you as follows:

          a. The execution, delivery and performance of this Agreement by the
     Company have been duly authorized by all requisite corporate action and
     will not violate any provision of law, any order of any court or there
     agency of government, the Charter or By-laws of the Company or any
     provision of any indenture, agreement or other instrument to which it or
     any of its properties or assets is bound, conflict with, result in a breach
     of or constitute (with due notice or lapse of time or both) a default under
     any such indenture, agreement or other instrument or result in the creation
     or imposition of any lien, charge or encumbrance of any nature whatsoever
     upon any of the properties or assets of the Company.

Registration Rights Agreement - Page 9

<PAGE>

          b. This Agreement has been duly executed and delivered by the Company
     and constitutes the legal, valid and binding obligation of the Company,
     enforceable in accordance with its terms.

     10. Miscellaneous.
         -------------

          a. All covenants and agreements contained in this Agreement by or on
     behalf of any of the parties hereto shall bind and inure to the benefit of
     the respective successors and assigns of the parties hereto (including
     without limitation transferees of any Preferred Shares or Restricted
     Stock), whether so expressed or not, provided, however, that registration
     rights conferred herein on the holders of Preferred Shares or Restricted
     Stock shall only inure to the benefit of a transferee of Preferred Shares
     or Restricted Stock if (i) there is transferred to such transferee at least
     100 shares in the aggregate of Preferred Shares or 100,000 shares in the
     aggregate of Restricted Stock or (ii) such transferee is a partner,
     shareholder or affiliate of a party hereto.

          b. All notices, requests, consents and other communications hereunder
     shall be in writing and shall be delivered in person, mailed by certified
     or registered mail, return receipt requested, or sent by telecopier or
     telex, addressed as follows:

          if to the Company or any other party hereto, at the address of such
     party set forth in the Purchase Agreement;

          if to any subsequent holder of Preferred Shares or Restricted Stock,
     to it at such address as may have been furnished to the Company in writing
     by such holder;

or, in any case, at such other address or addresses as shall have been furnished
in writing to the Company (in the case of a holder of Preferred Shares or
Restricted Stock) or to the holders of Preferred Shares or Restricted Stock (in
the case of the Company) in accordance with the provisions of this paragraph.

          c. This Agreement shall be governed by and construed in accordance
     with the laws of the State of Texas.

          d. This Agreement may not be amended or modified, and no provision
     hereof may be waived, without the written consent of the Company and the
     holders of at least two-thirds (2/3) of the voting power of the outstanding
     shares of Restricted Stock.

          e. This Agreement may be executed in two or more counterparts, each of
     which shall be deemed an original, but all of which together shall
     constitute one and the same instrument.

Registration Rights Agreement - Page 10

<PAGE>

          f. The obligations of the Company to register shares of Restricted
     Stock under Sections 2 or 3 shall terminate on the tenth anniversary
     hereof.

          g. If the Company grants to any third party any registration rights
     more favorable in any material respect than any of those contained herein,
     then the registration rights under this Agreement shall automatically be
     amended without the requirement of further action by the Purchasers to be
     equivalent to such more favorable rights.

          h. If any provision of this Agreement shall be held to be illegal,
     invalid or unenforceable, such illegality, invalidity or unenforceability
     shall attach only to such provision and shall not in any manner affect or
     render illegal, invalid or unenforceable any other provision of this
     Agreement, and this Agreement shall be carried out as if any such illegal,
     invalid or unenforceable provision were not contained herein.

Registration Rights Agreement - Page 11

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective authorized officers, as of the date first
above written.

                    COMPANY:

                    EDGE TECHNOLOGY GROUP, INC.

                    By:       --------------------------------------------------

                    Name:     --------------------------------------------------

                    Title:    --------------------------------------------------

                    Address:  --------------------------------------------------

                              --------------------------------------------------

                              --------------------------------------------------

                    Facsimile:--------------------------------------------------

                    Telephone:--------------------------------------------------

                    PURCHASERS:

                    By:       --------------------------------------------------

                    Name:     --------------------------------------------------

                    Title:    --------------------------------------------------

                    Address:  --------------------------------------------------

                              --------------------------------------------------

                              --------------------------------------------------

                    Fax:      --------------------------------------------------

                    Tel.:     --------------------------------------------------

Edge Technology Group, Inc. - Page 12

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