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LOT78, Inc. – ‘S-1’ on 11/29/13 – ‘EX-5.1’

On:  Friday, 11/29/13, at 2:43pm ET   ·   Accession #:  1554795-13-726   ·   File #:  333-192616

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/29/13  LOT78, Inc.                       S-1                   34:2M                                     Sharello Corp/FA

Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Registration Statement (General Form)               HTML    558K 
 2: EX-3.1      Articles of Incorporation/Organization or Bylaws    HTML     11K 
 3: EX-5.1      Opinion of Counsel re: Legality                     HTML     14K 
 4: EX-21.1     Subsidiaries List                                   HTML     10K 
 5: EX-23.1     Consent of Experts or Counsel                       HTML     11K 
34: R1          Document and Entity Information                     HTML     35K 
26: R2          Consolidated Balance Sheets (Unaudited)             HTML     87K 
23: R3          Consolidated Balance Sheets (Parenthetical)         HTML     25K 
14: R4          Consolidated Statements of Operations (Unaudited)   HTML     65K 
25: R5          Consolidated Statements of Cash Flows (Unaudited)   HTML    109K 
17: R6          Basis of Presentation & Organization                HTML     25K 
30: R7          Going Concern                                       HTML     18K 
18: R8          Short Term Debt                                     HTML     23K 
20: R9          Related Party Transactions                          HTML     19K 
15: R10         Equity                                              HTML     27K 
19: R11         Subsequent Events                                   HTML     16K 
29: R12         Short Term Debt (Tables)                            HTML     20K 
27: R13         Nature of Operations and Basis of Presentation      HTML     23K 
                (Details Narrative)                                              
24: R14         Going Concern (Details Narrative)                   HTML     15K 
33: R15         SHORT TERM DEBT - Short term debt (Details)         HTML     23K 
28: R16         Short Term Debt (Details Narrative)                 HTML     22K 
12: R17         Related Party Transactions (Details Narrative)      HTML     18K 
16: R18         Equity (Details Narrative)                          HTML     24K 
32: R19         Subsequent Events (Details Narrative)               HTML     19K 
22: XML         IDEA XML File -- Filing Summary                      XML     41K 
13: EXCEL       IDEA Workbook of Financial Reports                  XLSX     36K 
21: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS     82K 
 6: EX-101.INS  XBRL Instance -- lote-20130630                       XML    148K 
 8: EX-101.CAL  XBRL Calculations -- lote-20130630_cal               XML     63K 
 9: EX-101.DEF  XBRL Definitions -- lote-20130630_def                XML     28K 
10: EX-101.LAB  XBRL Labels -- lote-20130630_lab                     XML    243K 
11: EX-101.PRE  XBRL Presentations -- lote-20130630_pre              XML    168K 
 7: EX-101.SCH  XBRL Schema -- lote-20130630                         XSD     43K 
31: ZIP         XBRL Zipped Folder -- 0001554795-13-000726-xbrl      Zip     28K 


‘EX-5.1’   —   Opinion of Counsel re: Legality


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

 

November 29, 2013

 

Lot78, Inc.

65 Alfred Road

Studio 209

London, W2 5EU

 

 

Re: Registration Statement on Form S-1 for Lot78, Inc.

 

Ladies and Gentlemen:

 

We have acted as counsel to Lot78, Inc. (the “Company”), a corporation incorporated under the laws of the State of Nevada, in connection with the filing, on or about the date of this letter, of a registration statement on Form S-1 (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Securities Act”) of 21,553,950 shares of the Company’s common stock (collectively, the “Registered Shares”), consisting of:

 

  1. 6,666,668 shares of common stock for sale by the Company; and
  2. 14,887,282 shares of common stock for resale by certain selling shareholders named in the Registration Statement

 

We have examined the originals or certified copies of such corporate records of the Company and/or public officials and such other documents and have made such other factual and legal investigations as we have deemed relevant and necessary as the basis for the opinions set forth below.  In our examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and the conformity to authentic original documents of all documents submitted to us as copies or as facsimiles of copies or originals, which assumptions we have not independently verified.

 

Based upon the foregoing and the examination of such legal authorities as we have deemed relevant, and subject to the qualifications and further assumptions set forth below, we are of the opinion that the Registered Shares have been duly authorized and when issued and paid for as described in the Registration Statement, will be, validly issued, fully paid and non-assessable.

 

We have made such inquiries with respect thereto as we consider necessary to render this opinion with respect to a Nevada corporation. This opinion letter is opining upon and is limited to the current federal laws of the United States and, as set forth above, Nevada law, including the statutory provisions, all applicable provisions of the Nevada Constitution and reported judicial decisions interpreting those laws, as such laws presently exist and to the facts as they presently exist.  We express no opinion with respect to the effect or applicability of the laws of any other jurisdiction.  We assume no obligation to revise or supplement this opinion letter should the laws of such jurisdiction be changed after the date hereof by legislative action, judicial decision or otherwise.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement.  In giving this consent, we do not represent that we are within the category of persons whose consent is required under Section 7 of the Securities Act of 1933 or the General Rules and Regulations of the Securities and Exchange Commission.

 

Very truly yours,

 

/s/ Zouvas Law Group, P.C.

Zouvas Law Group, P.C.


Dates Referenced Herein

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Filed on:11/29/13None on these Dates
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Filing Submission 0001554795-13-000726   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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