Underwriter Liability. Nothing contained in this Agreement or any document delivered herewith shall require or imply that the Investor is or be an Underwriter as defined in the Exchange Act or Securities Act, nor a "statutory underwriter." The Investor shall not be required to take any action or assume any liability or obligation which would or could impose Underwriter or "statutory underwriter" status or liability on the Investor.
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Sources: Private Equity Line of Credit Agreement (Conectisys Corp), Private Equity Line of Credit Agreement (Conectisys Corp), Registration Rights Agreement (Conectisys Corp)
Underwriter Liability. Nothing contained in this Agreement or any document delivered herewith shall require that the Investor become, or imply that the Investor is or be is, an Underwriter -underwriter as defined in the Exchange Act or Securities Act, nor a "statutory underwriter." The Investor shall not be required to take any action or assume any liability or obligation which would or could impose Underwriter underwriter or "statutory underwriter" status or liability on the Investor.
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