Attached files
file | filename |
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8-K - FORM 8-K - LOCAL Corp | a58383e8vk.htm |
EX-1.1 - EX-1.1 - LOCAL Corp | a58383exv1w1.htm |
EX-99.1 - EX-99.1 - LOCAL Corp | a58383exv99w1.htm |
EX-99.2 - EX-99.2 - LOCAL Corp | a58383exv99w2.htm |
EXHIBIT 5.1
January 14, 2011
Local.com Corporation
7555 Irvine Center Drive
Irvine, CA 96618
7555 Irvine Center Drive
Irvine, CA 96618
RE: Registration Statement on Form S-3
Ladies and Gentlemen:
We have acted as counsel to Local.com Corporation, a Delaware corporation (the Company), in
connection with the registration under the Securities Act of 1933, as amended (the Securities
Act), of the offer and sale of up to 4,600,000 shares (the Shares) of the Companys common stock,
par value $0.00001 per share (the Common Stock), including 600,000 shares of Common Stock to cover
over-allotments, if any, pursuant to the registration statement on Form S-3 (Registration Number
333-147494) filed by the Company with the Securities and Exchange Commission (the Commission) on
November 19, 2007, as amended by Amendment No. 1 to the registration statement on Form S-3/A filed
by the Company with the Commission on January 10, 2008 (collectively, the Registration
Statement).
The offering and sale of the Shares is proposed to be made pursuant to that certain Underwriting
Agreement dated as of January 14, 2011 (the Underwriting Agreement) by and between the Company
and Canaccord Genuity Inc. (the Underwriter). Unless otherwise defined herein, each capitalized
term used herein that is defined in the Underwriting Agreement has the meaning given such term in
the Underwriting Agreement.
In reaching the opinion set forth herein, we have reviewed copies of the Underwriting Agreement,
the Registration Statement, the Prospectus included in the Registration Statement as of its
effective date (the Basic Prospectus), the Preliminary Prospectus Supplement filed by the Company
with the Commission on January 13, 2011 and the Final Prospectus Supplement filed by the Company
with the Commission on January 14, 2011 (collectively, the Prospectus Supplement), and such other
agreements, instruments, documents, certificates of officers of the Company and public officials
and records that we have deemed relevant and necessary for the basis of our opinion hereinafter
expressed. In such examination, we have assumed the authenticity of original documents and the
genuineness of all signatures, the conformity to the originals of all documents submitted to us as
copies, the authenticity of the originals of such copies, and the truth, accuracy and completeness
of the information, representations and warranties contained in the records, documents, instruments
and certificates we have reviewed.
Based on such examination and subject to the foregoing, we are of the opinion that the Shares have
been duly and validly authorized and, when issued to the Underwriter and paid for by the
Underwriter in
accordance with the terms of the Underwriting Agreement, will be validly issued, fully paid and
non-assessable.
We express no opinion herein as to the effect or applicability of the laws of any jurisdiction
other than the federal laws of the United States of America and the General Corporation Law of the
State of Delaware (including all applicable provisions of the Delaware constitution and reported
judicial decisions interpreting the General Corporation Law of the State of Delaware or the
Delaware constitution). This opinion is limited to the laws referred to above as in effect on the
date hereof. We undertake no obligation to advise you as a result of developments occurring after
the date hereof or as a result of facts or circumstances brought to our attention after the date
hereof.
We hereby consent to the filing of this opinion as an exhibit to the Companys Current Report on
Form 8-K dated January 13, 2011, which is incorporated by reference into the Registration Statement
and to the use of our name under the caption Legal Matters in the Prospectus Supplement. In
giving such consent, we do not hereby admit that we come within the category of persons whose
consent is required under Section 7 of the Securities Act or the rules and regulations of the
Commission promulgated thereunder.
/s/ BAKER & MCKENZIE LLP | ||||
Local.com Corporation |
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January 14, 2011
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