Underwriter Status. The Investor acknowledges that, depending on the facts and circumstances at the time of any resale or distribution of the Shares, including any resale pursuant to a resale registration statement, the Investor may be deemed to be an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act. The Investor further acknowledges that no representation has been made by the Company that any resale of the Shares will not result in the Investor being deemed an underwriter.
Appears in 3 contracts
Sources: Preferred Stock Purchase Agreement (Aquabounty Technologies Inc), Preferred Stock Purchase Agreement (Aquabounty Technologies Inc), Exchange Agreement (Aquabounty Technologies Inc)