Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - FUEL PERFORMANCE SOLUTIONS, INC. | Financial_Report.xls |
| S-1/A - FORM S-1/A - FUEL PERFORMANCE SOLUTIONS, INC. | ifue_s1a.htm |
| EX-4.3 - FORM OF WARRANT - FUEL PERFORMANCE SOLUTIONS, INC. | ifue_ex43.htm |
| EX-10.12 - FORM OF PLACEMENT AGENT AGREEMENT - FUEL PERFORMANCE SOLUTIONS, INC. | ifue_ex1012.htm |
| EX-23.2 - CONSENT OF AUDITOR MALONEBAILEY, LLP - FUEL PERFORMANCE SOLUTIONS, INC. | ifue_ex232.htm |
EXHIBIT 5.1
 Szaferman, Lakind, Blumstein & Blader, P.C.
Attorneys at Law
101 Grovers Mill Road, Suite 200
Lawrenceville, NJ 08648
P: 609.275.0400
F: 609.275.4511
www.szaferman.com
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Arnold C. Lakind
Barry D. Szaferman
Jeffrey P. Blumstein
Steven Blader
Brian G. Paul+
Craig J. Hubert++
Michael R. Paglione*
Lionel J. Frank**
Jeffrey K. Epstein+
Stuart A. Tucker
Scott P. Borsack***
Daniel S. Sweetser*
Robert E. Lytle
Janine G. Bauer***
Daniel J. Graziano Jr.
Nathan M. Edelstein**
Bruce M. Sattin***
Gregg E. Jaclin**
Robert P. Panzer
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Of Counsel
Stephen Skillman
Linda R. Feinberg
Anthony J. Parrillo
Paul T. Koenig, Jr.
Robert A. Gladstone
Janine Danks Fox*
Richard A. Catalina Jr.*†
Eric M. Stein**
E. Elizabeth Sweetser
Robert G. Stevens Jr.**
Michael D. Brottman**
Benjamin T. Branche*
Lindsey Moskowitz Medvin**
Mark A. Fisher
Robert L. Lakind***
Thomas J. Manzo**
Melissa A. Chimbangu
Bella Zaslavsky**
Kathleen O’Brien
Steven A. Lipstein**
Yarona Y. Liang#
Brian A. Heyesey
+Certified Matrimonial Attorney
++Certified Civil and Criminal Trial Attorney
*NJ & PA Bars
**NJ & NY Bars
***NJ, NY & PA Bars
#NY Bar
†U.S. Patent & Trademark Office
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November 5, 2014
Fuel Performance Solutions, Inc.
7777 Bonhomme Avenue, Suite 1920
St. Louis, MO 63105
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Gentlemen:
We are acting as counsel for Fuel Performance Solutions, Inc., a Nevada company (the “Company”), in connection with the Registration Statement on Form S-1 (such Registration Statement, as amended from time to time, is herein referred to as the “Registration Statement”) filed by the Company with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Act”), relating to an offering of 26,224,917 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”). The Shares were issued to the purchasers and investors identified on Exhibit A attached hereto and incorporated herein by reference.
We have reviewed and are familiar with such documents, certificates, corporate proceedings and other materials, and have reviewed such questions of law, as we have considered relevant or necessary as a basis for this opinion. Based upon the foregoing, we are of the opinion that the Shares have been duly authorized, were validly issued, fully paid and non-assessable.
No opinion is expressed herein as to any laws other than the State of Nevada of the United States. This opinion opines upon Nevada law, all applicable provisions of the statutes and reported judicial decisions interpreting those laws.
We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement and to the reference to our firm under the caption “Legal Matters” in the Registration Statement. In so doing, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Act and the rules and regulations of the Securities and Exchange Commission promulgated thereunder.
Very truly yours,
SZAFERMAN, LAKIND, BLUMSTEIN & BLADER, PC
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By:
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/s/ Gregg E. Jaclin | |
| Gregg E. Jaclin | ||
| For the Firm |
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November 5, 2014
Page 2
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EXHIBIT A
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Selling Security Holder
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Shares Being Offered
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|||
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Gemini Master Fund, Ltd. (1)
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4,541,668 | |||
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Brio Capital Master Fund Ltd. (1)
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4,541,667 | |||
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John M. Hennessy (1)
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8,095,833 | |||
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Helmsbridge Holdings Limited (1)
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908,333 | |||
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Cranshire Capital Master Fund, Ltd. (1)
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908,333 | |||
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R&R Opportunity Fund, L.P. (1)
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3,633,333 | |||
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Richard Messina (1)
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1,816,667 | |||
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Jonathan R. Burst (1)
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908,333 | |||
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James Cahill (2)
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19,500 | |||
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John P. Cahill (2)
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15,000 | |||
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James Glynn (2)
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3,250 | |||
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George E. Pataki (2)
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11,000 | |||
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Gerald Reid (2)
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18,250 | |||
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Peter R. Smith (2)
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3,750 | |||
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Braden Carlsson (3)
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128,000 | |||
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John Borer (3)
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128,000 | |||
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Jamil Aboumeri (3)
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128,000 | |||
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Lee Popper (3)
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50,000 | |||
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Ksenia Kolesnikov (3)
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50,000 | |||
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The Benchmark Company, LLC (3)
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316,000 | |||
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(1)
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Funds and accounts in a financing transaction for which the Benchmark Company LLC acted as a placement agent pursuant to the securities purchase agreement dated August 22, 2014
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(2)
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Investors affiliated with the Pataki-Cahill Group
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(3)
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Designees of the warrants issued to and allocated by the Benchmark Company LLC
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