Attached files
file | filename |
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EX-1.1 - EX-1.1 - HONG YUAN HOLDING GROUP | c24616exv1w1.htm |
EX-99.1 - EXHIBIT 99.1 - HONG YUAN HOLDING GROUP | c24616exv99w1.htm |
EX-10.1 - EXHIBIT 10.1 - HONG YUAN HOLDING GROUP | c24616exv10w1.htm |
8-K - FORM 8-K - HONG YUAN HOLDING GROUP | c24616e8vk.htm |
EX-10.2 - EX-10.2 - HONG YUAN HOLDING GROUP | c24616exv10w2.htm |
Exhibit 5.1
November 11, 2011
Cereplast, Inc.
300 N. Continental, Suite 100
El Segundo, CA 90245
300 N. Continental, Suite 100
El Segundo, CA 90245
Re: | Cereplast, Inc., Registration Statement on Form S-3 (Registration Number 333-166307) |
Ladies and Gentlemen:
We have acted as
counsel to Cereplast, Inc., a Nevada corporation (the Company), and are
rendering this opinion in connection with a prospectus supplement,
dated November 10, 2011 (the
Prospectus Supplement), relating to Registration Statement on Form S-3
(File No. 333-166307) (the Registration Statement) filed by the Company with
the Securities and Exchange Commission (the Commission) under the Securities Act of
1933, as amended (the Securities Act), with respect to
3,125,000 shares of the Companys Common Stock, par value $0.001 (the Common Stock), warrants to
purchase 0.75 shares of Common Stock (the Warrants) and the shares of Common Stock issuable
upon exercise of the Warrants (together with the Warrants and the Shares of Common Stock, the
Securities).
The Shares are to be sold by the Company pursuant to a Placement Agent Agreement (the
Placement Agreement) entered into by and between the Company and Lazard Capital Markets LLC (the
Placement Agent), which has been filed as Exhibit 1.1 to the Companys Current Report on Form 8-K
to which this opinion is attached as Exhibit 5.1.
We have examined originals or copies, certified or otherwise identified to our satisfaction,
of (i) the Registration Statement and the Prospectus Supplement, (ii) the Placement Agreement, and
(iii) the Articles of Incorporation, as amended, and the Bylaws of the Company. We have also
examined such corporate records and other agreements, documents and instruments, and such
certificates or comparable documents of public officials and officers and representatives of the
Company, and have made such inquiries of such officers and representatives and have considered such
matters of law as we have deemed appropriate as the basis for the opinions hereinafter set forth.
In delivering this opinion, we have assumed the genuineness of all signatures, the legal
capacity of natural persons, the authenticity of all documents submitted to us as originals, the
conformity to originals of all documents submitted to us as certified, photostatic or conformed
copies, the authenticity of originals of all such latter documents, and the accuracy and
completeness of all records, information and statements submitted to us by officers and
representatives of the Company. In making our examination of documents executed by parties
61 Broadway New York, New York 10006 212-930-9700 212-930-9725 Fax
www.srff.com
www.srff.com
Based upon and subject to the limitations and assumptions set forth herein, we are of the
opinion that (i) the Common Stock to be issued and sold by the Company have been duly authorized
for issuance and, when issued and paid for in accordance with the terms and conditions of the
Placement Agreement, will be validly issued, fully paid and nonassessable shares of Common Stock;
(ii) the Warrants will constitute valid and binding obligations of the Company, enforceable against
the Company in accordance with their terms, and (iii) upon the exercise of the Warrants in
accordance with their terms, any Common Stock to be issued upon the exercise of the Warrants will
be duly authorized, validly issued, fully paid and nonassessable.
We express no opinion as to the laws of any jurisdiction other than corporate laws of the
State of New York, the State of Nevada and the federal laws of the United States of America.
We hereby consent to the filing of this opinion with the Commission as an exhibit to a Current
Report on Form 8-K (and its incorporation by reference into the Registration Statement) in
accordance with the requirements of Item 601(b)(5) of Regulation S-K promulgated under the
Securities Act, and to the use of this firms name therein and in the Prospectus Supplement under
the caption Legal Matters. In giving such consent, we do not hereby admit that we are in the
category of persons whose consent is required under Section 7 of the Securities Act or the rules
and regulations of the Commission thereunder.
Very truly yours
/s/
Sichenzia Ross Friedman Ference LLP
61 Broadway New York, New York 10006 212-930-9700 212-930-9725 Fax
www.srff.com
www.srff.com