EX1A-12 OPN CNSL 20 mmtz_ex12z1.htm OPINION RE LEGALITY Opinion re Legality

HORWITZ + ARMSTRONG

A PROFESSIONAL LAW CORPORATION






November 15, 2016


Teraphysics Corporation

110 Alpha Park

Cleveland, OH 44143



Re:

Teraphysics Corporation Post-Qualification Offering Circular

                        Amendment No. 2


Ladies and Gentlemen:

 

We are acting as legal counsel to Teraphysics Corporation, a Delaware corporation (the Company), in connection with the preparation and filing with the Securities and Exchange Commission (the Commission), under the Securities Act of 1933, as amended (the Act), of the Companys Post-Qualification Offering Circular Amendment No. 2 (the Offering Statement).  The Offering Statement covers up to 10,000,000 shares of the Companys common stock, par value $0.0001 (the Shares).

 

In our capacity as such counsel, we have examined and relied upon the originals or copies certified or otherwise identified to our satisfaction, of the Offering Statement, the form of Subscription Agreement, the Escrow Agreement, Technology Services Agreement, Certificate of Incorporation, Bylaws, and such corporate records, documents, certificates and other agreements and instruments as we have deemed necessary or appropriate to enable us to render the opinions hereinafter expressed.

 

In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures (including endorsements), the authenticity of all documents submitted to us as originals and the conformity to original documents of all documents submitted to us as certified, conformed or other copies and the authenticity of the originals of such documents. As to any facts material to the opinions expressed herein which we have not independently established or verified, we have relied upon statements and representations of the Company and its officers and other representatives and of public officials and others.

 

On the basis of such examination, we are of the opinion that:

 

 

1.

The Shares have been duly authorized by all necessary corporate action of the Company; and

 

 

2.

When issued and sold by the Company against payment therefor, the Shares will be legally and validly issued, fully paid and non-assessable.






 


The information set forth herein is as of the date hereof. We assume no obligation to supplement this opinion letter if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed herein after the date hereof. Our opinion is expressly limited to the matters set forth above, and we render no opinion, whether by implication or otherwise, as to any other matters relating to the Company, the Shares, or the Offering Statement.


We hereby consent to the use of our name in the Offering Statement and we also consent to the filing of this opinion as an exhibit thereto.  In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

 


Very truly yours,


/s/ Horwitz + Armstrong

HORWITZ + ARMSTRONG