Attached files

file filename
S-1 - REGISTRATION STATEMENT - Celexus, Incforms1.htm
EX-23.1 - CONSENT OF LL BRADFORD & COMPANY - Celexus, Incexhibit23-1.htm
EXCEL - IDEA: XBRL DOCUMENT - Celexus, IncFinancial_Report.xls


Our File No.    57826V-226339
Date    May 9, 2014

Telupay International Inc.
First Island House, Peter Street
St. Helier, Jersey, Channel Islands, JE4 8SG

Dear Sirs:

Re:  Telupay International Inc. - Registration Statement on Form S-1

We have acted as legal counsel to Telupay International Inc., a Nevada corporation (the “Company”), in connection with the Company’s Registration Statement on Form S-1 (the “Registration Statement”) dated the date hereof and filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended.  The Registration Statement relates to the registration of an aggregate of 33,000,000 shares of common stock of the Company (collectively, the “Shares”) for resale by the selling shareholders named in the Registration Statement (the “Selling Shareholders”).  Such Shares are comprised of 33,000,000 Shares that have been issued to certain Selling Shareholders at a deemed issuance price of $0.0013 per share in a shares for debt private placement that closed on March 31, 2012 (the “Private Placement”).

In rendering the opinion set forth below, we have reviewed:

  • the Registration Statement;
  • the Company’s Articles of Incorporation;
  • the Company’s Bylaws;
  • certain records of the Company’s corporate proceedings, including resolutions of the directors approving the transactions described above;
  • the subscription agreements entered into between the Company and each of the Selling Shareholders who acquired Shares pursuant to Private Placement;
  • an Officer’s Certificate executed by Adrian Crawford Ansell, the President, Chief Executive Officer and a director of the Company; and
  •  such other documents as we have deemed relevant.

Based upon the foregoing and in reliance thereon, and subject to the qualifications and limitations set forth herein, we are of the opinion that the Shares held by the Selling Shareholders are validly issued, fully paid and non-assessable shares of the Company’s common stock.

McMillan LLP | Royal Centre, 1055 W. Georgia St., Suite 1500, PO Box 11117, Vancouver, BC, Canada V6E 4N7 | t 604.689.9111 | f 604.685.7084
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Our opinion expressed herein is subject in all respects to the following assumptions, limitations and qualifications:

  • the foregoing opinion is limited to Nevada law, including all applicable provisions of the Constitution of the State of Nevada, statutory provisions of the State of Nevada and reported judicial decisions of the courts of the State of Nevada interpreting those laws. We have not considered, and have not expressed any opinion with regard to, or as to the effect of, any other law, rule, or regulation, state or federal, applicable to the Company;
  •  we have assumed (i) the genuineness of all signatures on documents examined by us, (ii) the authenticity of all documents submitted to us as originals, (iii) the conformity to authentic originals of all documents submitted to us as certified, conformed, photostatic or other copies, and (iv) that the documents, in the forms submitted to us for review, have not been and will not be altered or amended in any respect;
  • we have assumed that each of the statements made and certified in the Officer’s Certificate was true and correct when made, has at no time since being made and certified become untrue or incorrect, and remains true and correct on the date hereof.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our firm’s name in the section of the Registration Statement and the prospectus included therein entitled “Experts”.

 

Yours truly,

/s/ McMillan LLP