EX-5.1 2 ex5-1.htm

 

legal & compliance, llc

 

laura aNTHONy, esq.

JOHN CACOMANOLIS, ESQ*

CHAD FRIEND, ESQ., LLM

LAZARUS ROTHSTEIN, ESQ.

SVETLANA ROVENSKAYA, ESQ**

 

 

 

OF COUNSEL:

CRAIG D. LINDER, ESQ.***

PETER P. LINDLEY, ESQ., CPA, MBA

KIMBERLY L. RUDGE, ESQ.

STUART REED, ESQ.

MARC S. WOOLF, ESQ.

 

www.legalandcompliance.com

WWW.SECURITIESLAWBLOG.COM

WWW.LAWCAST.COM

 

 

 

 

DIRECT E-MAIL: LANTHONY@LEGALANDCOMPLIANCE.COM

 

 

* licensed in FL and NY

**licensed in NY and NJ

***licensed in FL, CA and NY

 

September 10, 2018

 

VirTra, Inc.

7970 S. Kyrene Rd.

Tempe, Arizona 85284

 

Ladies and Gentlemen:

 

We are acting as counsel for VirTra, Inc., a Nevada corporation (the “Company”), in connection with preparation and filing by the Company of a registration statement on Form S-8 (the “Registration Statement”) with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), with respect to (i) 1,424,630 shares (the “2017 Plan Shares”) of common stock, par value $0.0001, of the Company (the “Common Stock”) reserved for issuance pursuant to the VirTra, Inc. 2017 Equity Incentive Plan (the “2017 Plan”); and (ii) 496,667 shares (together with the 2017 Plan Shares, the “Shares”) of Common Stock reserved for issuance pursuant to, and underlying, stock options issued pursuant to written compensation contracts between the Company and certain of its employees, directors and consultants (the “Compensation Stock Options”).

 

In connection with the foregoing, we have reviewed originals or copies identified to our satisfaction of the following documents:

 

(a) The Registration Statement;

 

(b) The 2017 Plan and the terms of the Compensation Stock Options;

 

(c) The Articles of Incorporation and By-Laws of the Company, in each case as amended to date; and

 

(d) Originals or copies of such other corporate records of the Company, certificates of public officials and of officers of the Company, and agreements and other documents as we have deemed necessary as a basis for the opinions expressed below.

 

330 CLEMATIS STREET, #217 ● WEST PALM BEACH, FLORIDA ● 33401 ● PHONE: 561-514-0936 ● FAX 561-514-0832

 

   

 

 

September 10, 2018

Page 2

 

In our examination, we have assumed the genuineness of all signatures, the authenticity of all documents, certificates and instruments submitted to us as originals and the conformity with originals of all documents submitted to us as copies.

 

Our opinion expressed below is limited to the internal laws of the State of Nevada and the federal laws of the United States, and we do not express any opinion herein concerning any other law.

 

Based upon and subject to the foregoing and having regard for such legal considerations as we have deemed relevant, we are of the opinion that the Shares, when issued, will be duly authorized, validly issued, fully paid and non-assessable.

 

This opinion letter speaks only as of the date hereof. We expressly disclaim any responsibility to advise you of any development or circumstance of any kind, including any change of law or fact that may occur after the date of this opinion letter that might affect the opinions expressed herein.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not thereby concede that we come within the category of persons whose consent is required by the Securities Act or the General Rules and Regulations of the Commission promulgated thereunder.

 

This opinion is rendered to you in connection with the above matter. This opinion may not be relied upon by you for any other purpose without our prior written consent.

 

  Sincerely yours,
   
  /s/ Laura E. Anthony
  Laura E. Anthony,
  For the Firm

 

330 CLEMATIS STREET, #217 ● WEST PALM BEACH, FLORIDA ● 33401 ● PHONE: 561-514-0936 ● FAX 561-514-0832