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Masterbeat Corp. – ‘1-A’ on 12/15/21 – ‘EX1A-12 OPN CNSL’

On:  Wednesday, 12/15/21, at 3:27pm ET   ·   Accession #:  1683168-21-6363   ·   File #:  24-11752

Previous ‘1-A’:  None   ·   Next:  ‘1-A/A’ on 12/30/21   ·   Latest:  ‘1-A/A’ on 1/26/22   ·   2 References:   

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

12/15/21  Masterbeat Corp.                  1-A                   13:1.9M                                   GlobalOne Filings Inc/FA

Offering Statement   —   Form 1-A   —   Regulation A/A+

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 1-A         Offering Statement -- primary_doc.xml               HTML      5K 
 2: PART II AND III  Offering Statement - Parts II and III          HTML    402K 
 6: EX1A-2A CHARTER  Amended Certificate of Amendment               HTML      7K 
 3: EX1A-2A CHARTER  Articles of Incorporation/Organization         HTML     18K 
 7: EX1A-2A CHARTER  Certificate of Amendment Dated November 5,     HTML      7K 
                2021                                                             
 4: EX1A-2A CHARTER  Certificate of Designation Dated June 4, 2019  HTML     21K 
 5: EX1A-2A CHARTER  Certificate of Revival of Charter              HTML      7K 
 8: EX1A-2B BYLAWS  Bylaws                                          HTML     55K 
 9: EX1A-3 HLDRS RTS  Specimen Stock Certificate                    HTML      5K 
10: EX1A-4 SUBS AGMT  Subscription Agreement                        HTML     42K 
11: EX1A-6 MAT CTRCT  Agreement and Plan of Reorganization          HTML     74K 
12: EX1A-6 MAT CTRCT  Employment Agreement of Josh Tannariello,     HTML     75K 
                Dated June 15, 2019                                              
13: EX1A-12 OPN CNSL  Opinion of Counsel re: Legality               HTML     10K 


‘EX1A-12 OPN CNSL’   —   Opinion of Counsel re: Legality


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Exhibit 12.1

 

 

Suares & Associates

Attorneys at Law

833 Flatbush Avenue

Suite 100

Brooklyn, New York 11226

dsuares@suaresassociates.com

 

Tel: 718-622-8450 Fax: 718-282-3113

 

 

December 15, 2021

 

Board of Directors

Masterbeat Corp.

5178 Stefan Ridge Way

Buford, Georgia 30519

 

Re: Masterbeat Corp., Regulation A+, Tier 1 Offering

 

VIA ELECTRONIC DELIVERY

 

Gentlemen:

 

I have acted, at your request, as special counsel to Masterbeat Corp., a Delaware corporation, (“Masterbeat Corp.”) for the purpose of rendering an opinion as to the legality of 1,000,000,000 shares of Masterbeat Corp. common stock, par value $0.0001 per share to be offered and distributed by Masterbeat Corp. (“Shares”), pursuant to an Offering Statement as filed under Regulation A of the Securities Act of 1933, as amended, by Masterbeat Corp. with the U.S. Securities and Exchange Commission (the "SEC") on Form 1-A, for the purpose of registering the offer and sale of the Shares (“Offering Statement”).

 

For the purpose of rendering my opinion herein, I have reviewed statutes of the State of Delaware, to the extent I deem relevant to the matter opined upon herein, certified or purported true copies of the Articles of Incorporation of Masterbeat Corp. and all amendments thereto, the By-Laws of Masterbeat Corp., selected proceedings of the board of directors of Masterbeat Corp. authorizing the issuance of the Shares, certificates of officers of Masterbeat Corp. and of public officials, and such other documents of Masterbeat Corp. and of public officials as I have deemed necessary and relevant to the matter opined upon herein. I have assumed, with respect to persons other than directors and officers of Masterbeat Corp., the due and proper election or appointment of all persons signing and purporting to sign the documents in their respective capacities, as stated therein, the genuineness of all signatures, the conformity to authentic original documents of the copies of all such documents submitted to me as certified, conformed and photocopied, including the quoted, extracted, excerpted and reprocessed text of such documents.

 

Based upon the review described above, it is my opinion that the Shares are duly authorized and when, as and if issued and delivered by Masterbeat Corp. against payment therefore, as described in the offering statement, will be validly issued, fully paid and non-assessable.

 

I have not been engaged to examine, nor have I examined, the Offering Statement for the purpose of determining the accuracy or completeness of the information included therein or the compliance and conformity thereof with the rules and regulations of the SEC or the requirements of Form 1-A, and I express no opinion with respect thereto. My forgoing opinion is strictly limited to matters of Delaware corporation law; and, I do not express an opinion on the federal law of the United States of America or the law of any state or jurisdiction therein other than Delaware, as specified herein.

 

I hereby consent to the filing of this opinion as Exhibit 12.1 to the Offering Statement and to the reference to our firm under the caption “Legal Matters” in the Offering Circular constituting a part of the Offering Statement. We assume no obligation to update or supplement any of the opinion set forth herein to reflect any changes of law or fact that may occur following the date hereof.

 

 

Very truly yours,

 

/s/ Donnell Suares, Esq.

 

Donnell Suares, Esq.

 


Dates Referenced Herein

This ‘1-A’ Filing    Date    Other Filings
Filed on:12/15/21None on these Dates
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2 Subsequent Filings that Reference this Filing

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

 1/26/22  Masterbeat Corp.                  1-A/A                  3:953K                                   GlobalOne Filings Inc/FA
12/30/21  Masterbeat Corp.                  1-A/A                  2:951K                                   GlobalOne Filings Inc/FA
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Filing Submission 0001683168-21-006363   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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