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Does Reset Erase Add-On Packages?

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Thought I've purchased new Line6 gear for years and registered it, I recently bought a used POD 500X. When I purchased it, the seller said that he had paid an extra $100 to have a  "Fully Loaded HD expansion" which included an additional 24 amps.


My question is....well actually I have two. First: If I reset the unit to original factory settings, WILL I LOSE THE EXPANSION PACKAGE?

Also, since the unit is quite old, is there any real reason to register it?

Much Thanks

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