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Energy Focus, Inc.
January 13, 2020
Page 2
9, 2020, relating to, among other things, the authorization, execution and delivery of the Purchase Agreement and the consummation of the transactions contemplated thereby, including the authorization and issuance of the Shares, and the registration and sale of the Shares, as certified by the Secretary of the Company, (v) a copy of certain resolutions of the pricing committee of the Board of Directors, dated January 9, 2020, relating to, among other things, the authorization, execution and delivery of the Purchase Agreement and the consummation of the transactions contemplated thereby, including the authorization and issuance of the Shares, and the registration and sale of the Shares, as certified by the Secretary of the Company, (vi) the Prospectus and (vii) the Registration Statement.
We have assumed the authenticity of all documents submitted to us as originals, the conformity to originals of all documents submitted to us as copies and the genuineness of all signatures. We have also assumed the legal capacity and competency of all natural persons and that, with respect to all parties to agreements or instruments relevant hereto other than the Company, such parties had the requisite power and authority to execute, deliver and perform such agreements or instruments, that such agreements or instruments have been duly authorized by all requisite action, executed and delivered by such parties and that such agreements or instruments are the valid, binding and enforceable obligations of such parties. In addition, we have assumed that the choice of law governing the Purchase Agreement is legally enforceable.
As to all questions of fact material to this opinion letter, and as to the materiality of any fact or other matter referred to herein, we have relied (without independent investigation or verification) upon the representations of each party made in the Purchase Agreement and the other documents and certificates delivered in connection therewith, certificates or comparable documents of officers, directors and representatives of the Company and certificates and records of public officials.
Our knowledge of the Company and its legal and other affairs is limited by the scope of our engagement, which scope includes the delivery of this opinion letter. We do not represent the Company with respect to all legal matters or issues. The Company employs other independent counsel and, to our knowledge, handles certain legal matters and issues without the assistance of independent counsel.
Based upon, and subject to, the foregoing, and in reliance thereon, and subject to the assumptions, limitations, qualifications and exceptions contained herein, we are of the opinion that the issuance of the Shares has been duly authorized by the Company, and, upon issuance, delivery and payment therefor in the manner contemplated by the Registration Statement, the Prospectus and the Purchase Agreement, the Shares will be validly issued, fully paid and nonassessable.