RODEY, DICKASON, SLOAN, AKIN & ROBB, P.A.
November 14, 2017
Page 3
1. The Documents in the form we examined conform in all material respects to authentic originals thereof, which have been fully completed with all necessary and contemplated information, signatures, acknowledgments and attachments. All signatures on the originals are genuine. No original has been or will be altered or amended in any respect material to the opinions expressed herein.
2. Each individual who is a signatory to any of the Documents had legal capacity to be a signatory. Each party to any of the Documents other than the Guarantor had and has power and authority to execute, deliver and perform its obligations thereunder.
3. No party to any of the Documents or to any of the transactions contemplated thereby (Transactions) is in violation of any statute, rule or regulation of any governmental agency or authority and each such party is current with all reports and other documents required to be filed with any Indian, municipal, county, state or federal regulatory agency or authority, is in full compliance with all applicable rules and regulations of such agencies and authorities, and is not in default with respect to any order of any court, arbitrator or governmental agency or authority applicable to such party or to its properties.
4. There have been and are no actions, suits, proceedings or investigations pending or threatened against any party to any of the Documents or to any of the Transactions before any court or arbitrator or before or by any governmental agency or authority which, if determined adversely to the interest of any party, could have a material adverse effect on the business, properties, condition (financial or otherwise) or operations of such party or the ability of such party to perform its obligations.
5. The representations, warranties and factual statements of each party to any of the Documents and to any of the Transactions are and will remain true and accurate in all material respects.
6. The conduct of each party to any of the Documents and to any of the Transactions has complied with all requirements of good faith, fair dealing and conscionability. Each such party has acted in good faith and without notice of any defense against the enforcement of any rights created by any of the Documents or with respect to any of the Transactions. There has been no mutual mistake of fact, misunderstanding, fraud, duress or undue influence. There is no agreement or understanding by any party to any of the Documents or to any of the Transactions, written or oral, and there is no usage of trade, course of conduct or prior dealing, that would in any case define, supplement or qualify the terms of any of the Documents.
7. The Guarantor is a wholly-owned subsidiary of the Company.