Attached files

file filename
EX-99.2 - EXHIBIT 99.2 - NAKED BRAND GROUP INC.v456992_ex99-2.htm
EX-99.1 - EXHIBIT 99.1 - NAKED BRAND GROUP INC.v456992_ex99-1.htm
EX-10.3 - EXHIBIT 10.3 - NAKED BRAND GROUP INC.v456992_ex10-3.htm
EX-10.2 - EXHIBIT 10.2 - NAKED BRAND GROUP INC.v456992_ex10-2.htm
EX-10.1 - EXHIBIT 10.1 - NAKED BRAND GROUP INC.v456992_ex10-1.htm
8-K - FORM 8-K - NAKED BRAND GROUP INC.v456992_8k.htm

 

Exhibit 5.1

 

NEW YORK
LONDON
SINGAPORE
PHILADELPHIA
CHICAGO
WASHINGTON, DC
SAN FRANCISCO
SILICON VALLEY
SAN DIEGO
SHANGHAI
TAIWAN
BOSTON
HOUSTON
LOS ANGELES
HANOI
HO CHI MINH CITY

 

FIRM and AFFILIATE OFFICES

 

www.duanemorris.com

ATLANTA
BALTIMORE
WILMINGTON
MIAMI
BOCA RATON
PITTSBURGH
NEWARK
LAS VEGAS
CHERRY HILL
LAKE TAHOE
MYANMAR
OMAN

A GCC REPRESENTATIVE OFFICE
OF DUANE MORRIS

ALLIANCES IN MEXICO
AND SRI LANKA

 

January 12, 2017

 

Naked Brand Group Inc.

95 Madison Avenue, 10th Floor

New York, NY 10016

 

Ladies and Gentlemen:

 

We have acted as counsel to Naked Brand Group Inc., a Nevada corporation (the “Company”), in connection with (i) the preparation and filing of the Registration Statement on Form S-3 (Registration No. 333-213965) (the “Registration Statement”) filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), and the related prospectus contained therein (the “Base Prospectus”) and (ii) the preparation and filing of the prospectus supplement, dated January 13, 2017 (the “Prospectus Supplement”) relating to the issuance and sale by the Company of up to 1,879,811 shares (the “Shares”) of common stock, par value $0.001 per share of the Company (the “Common Stock”).

 

The Shares are to be issued and sold by the Company pursuant to the Securities Purchase Agreement, dated as of January 12, 2017 (the “Purchase Agreement”), by and among the Company and certain investors, the form of which is being filed with the Commission as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed on the date hereof.

 

In connection with this opinion, we have examined and relied upon the originals, or copies certified to our satisfaction, of such records, documents, certificates and other instruments as in our judgment are necessary or appropriate to enable us to render the opinions expressed below. Insofar as this opinion letter relates to factual matters, we have assumed and without independent investigation that the statements of the Corporation contained in the Registration Statement are true and correct as to all factual matters stated therein.

 

Duane Morris llp
1540 BROADWAY    NEW YORK, NY 10036-4086 PHONE: +1 212 692 1000    FAX: +1 212 692 1020

 

 

 

 

 

January 12, 2017 

Page 2

 

In rendering this opinion, we have assumed the genuineness and authenticity of all signatures on original documents, the authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies, the accuracy, completeness and authenticity of certificates of public officials and the due authorization, execution and delivery of all documents where authorization, execution and delivery are prerequisites to the effectiveness of such documents.

 

Based upon the foregoing and subject to the limitations, qualifications and assumptions set forth herein, we are of the opinion that the Shares have been duly authorized for issuance, and when issued and paid for in accordance with the terms and conditions of the Purchase Agreement, the Shares will be validly issued, fully paid and non-assessable.

 

The foregoing opinion is limited to the laws of the State of Nevada, and we do not express any opinion herein concerning any other law.

 

The opinion expressed herein is rendered as of the date hereof and is based on existing law, which is subject to change. Where our opinion expressed herein refers to events to occur at a future date, we have assumed that there will have been no changes in the relevant law or facts between the date hereof and such future date. We do not undertake to advise you of any changes in the opinion expressed herein from matters that may hereafter arise or be brought to our attention or to revise or supplement such opinions should the present laws of any jurisdiction be changed by legislative action, judicial decision or otherwise.

 

Our opinion expressed herein is limited to the matters expressly stated herein and no opinion is implied or may be inferred beyond the matters expressly stated.

 

We hereby consent to the use of this letter as an exhibit to the Registration Statement and to any and all references to our firm in the Prospectus Supplement which is a part of the Registration Statement. In giving this consent, we do not admit that we are “experts” within the meaning of Section 11 of the Securities Act or within the category of persons whose consent is required under Section 7 of the Securities Act.

 

  Very truly yours,
   
  /s/ Duane Morris LLP