EX-5.1 2 v343141_ex5-1.htm EXHIBIT 5.1

 

Exhibit 5.1 and 23.2

 

PEARLMAN SCHNEIDER LLP

Attorneys-at-Law

 

2200 Corporate Boulevard, N.W., Suite 210

Boca Raton, Florida 33431-7307

    Telephone
James M. Schneider, Esq.   (561) 362-9595
Charles B. Pearlman, Esq.   Facsimile
Brian A. Pearlman, Esq.   (561) 362-9612

 

                             April 29, 2013

 

IceWEB, Inc.

22900 Shaw Road, Suite 111

Sterling, VA 20166

 

RE: Post-Effective Amendment No. 3 to the Registration Statement on Form S-1, SEC File No. 333-178954 (the "Registration Statement") of IceWEB, Inc., a Delaware corporation (the "Company")

 

Ladies and Gentlemen:

 

This opinion is submitted pursuant to the applicable rules of the Securities and Exchange Commission in connection with the registration for public resale of an aggregate of 57,310,096 shares (the “Registerable Securities”) of the Company’s common stock (the “Common Stock”) issuable upon the exercise of outstanding warrants, which such Registerable Securities represents 133% of the number of the 43,090,298 shares of Common Stock issuable upon the exercise of warrants held by the warrant holders, all as described in the Registration Statement.

 

In connection therewith, we have examined and relied upon original, certified, conformed, photostat or other copies of (a) the Certificate of Incorporation, as amended, and Bylaws of the Company; (b) resolutions of the Board of Directors of the Company authorizing the issuance of the Registerable Securities; (c) the Registration Statement and the exhibits thereto; (d) the agreements, instruments and documents pursuant to which the Registerable Securities were or are to be issued; and (e) such other matters of law as we have deemed necessary for the expression of the opinion herein contained. In all such examinations, we have assumed the genuineness of all signatures on original documents, and the conformity to originals or certified documents of all copies submitted to us as conformed, photostat or other copies. In passing upon certain corporate records and documents of the Company, we have necessarily assumed the correctness and completeness of the statements made or included therein by the Company, and we express no opinion thereon. As to the various questions of fact material to this opinion, we have relied, to the extent we deemed reasonably appropriate, upon representations or certificates of officers or directors of the Company and upon documents, records and instruments furnished to us by the Company, without independently checking or verifying the accuracy of such documents, records and instruments.

 

Based upon and subject to the foregoing, we are of the opinion that the Registerable Securities, when issued in accordance with their terms and, upon receipt by the Company of the agreed upon consideration therefor, will be validly issued, fully paid and non-assessable.

 

This opinion is limited to the laws of the State of Delaware. In rendering this opinion, we have assumed compliance with all other laws, including federal laws and state securities laws.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of our name under the caption "Legal Matters" in the prospectus forming a part of the Registration Statement.

 

  Sincerely,
   
  /s/ PEARLMAN SCHNEIDER LLP
  Pearlman Schneider LLP