EX-5.1 3 dex51.txt OPINION OF STRADLING YOCCA CARLSON & RAUTH LLP EXHIBIT 5.1 Stradling Yocca Carlson & Rauth A PROFESSIONAL CORPORATION SAN FRANCISCO OFFICE ATTORNEYS AT LAW 44 MONTGOMERY STREET, 660 NEWPORT CENTER DRIVE, SUITE 1600 SUITE 4200 NEWPORT BEACH, CA 92660-6422 SAN FRANCISCO, CALIFORNIA TELEPHONE (949) 725-4000 94104 FACSIMILE (949) 725-4100 TELEPHONE (415) 283-2240 FACSIMILE (415) 283-2255 SANTA BARBARA OFFICE 302 OLIVE STREET SANTA BARBARA, CALIFORNIA 93101 TELEPHONE (805) 564-0065 FACSIMILE (805) 564-1044 December 4, 2001 SourcingLink.net, Inc. 16855 West Bernardo Drive, Suite 260 San Diego, California 92127 Re: Registration Statement on Form S-8 Dear Ladies and Gentlemen: At your request, we have examined the form of Registration Statement on Form S-8 (the "Registration Statement") being filed by SourcingLink.net, Inc., a Delaware corporation (the "Company"), with the Securities and Exchange Commission in connection with the registration under the Securities Act of 1933, as amended, of an additional 750,000 shares of the Company's common stock, $.001 par value ("Common Stock"), issuable under the Company's 1999 Stock Incentive Plan (the "Plan"). We have examined the proceedings heretofore taken and are familiar with the additional proceedings proposed to be taken by the Company in connection with the authorization, issuance and sale of the securities referred to above. Based on the foregoing, it is our opinion that the 750,000 shares of Common Stock to be issued under the Plan against full payment in accordance with the respective terms and conditions of the Plan will be legally and validly issued, fully paid and nonassessable. We consent to the use of this opinion as an exhibit to the Registration Statement. Very truly yours, STRADLING YOCCA CARLSON & RAUTH /s/ Stradling Yocca Carlson & Rauth