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June 10, 2004 | | | 39583.00007 | |
DDi Corp.
1220 Simon Circle
Anaheim, California 92806
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Re: | | DDI Corp. 2003 Directors Equity Incentive Plan |
Ladies and Gentlemen:
We have acted as counsel to DDi Corp., a Delaware corporation (the “Company”), in connection with the issuance and sale by the Company of up to 600,000 shares of the Company’s common stock, $0.001 par value per share, pursuant the DDi Corp. 2003 Directors Equity Incentive Plan (the “Plan”).
As such counsel and for purposes of our opinion set forth below, we have examined originals or copies, certified or otherwise identified to our satisfaction, of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary or appropriate as a basis for the opinion set forth herein, including, without limitation:
(i) the Registration Statement on Form S-8 filed by the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Registration Statement”), and related prospectuses;
(ii) the certificate of incorporation and bylaws of the Company as presently in effect as certified by the Secretary of the Company (collectively, “the Charter Documents”);
(iii) resolutions adopted by the Company’s board of directors on December 19, 2003, certified by the Secretary of the Company, authorizing and adopting the Plan; and
(iv) the Plan, and the forms of stock option agreement under the Plan.
In addition to the foregoing, we have made such investigations of law as we have deemed necessary or appropriate as a basis for the opinion set forth herein.
In such examination and in rendering the opinion expressed below, we have assumed: (i) the genuineness of all signatures on all documents submitted to us; (ii) the authenticity and completeness of all documents, corporate records, certificates and other instruments submitted to us; (iii) that photocopy, electronic, certified, conformed, facsimile and other copies submitted to us of original documents, corporate records, certificates and other instruments conform to the original documents, corporate records, certificates and other