Please wait
Exhibit
5.1
Laxague Law, Inc.
1 East
Liberty, Suite 600
Reno,
NV 89501
(775)
234-5221
Email:
joe@laxaguelaw.com
December
26, 2018
Exactus,
Inc.
4870
Sadler Road, Suite 300
Glen
Allen, Virginia 23060
Re:
Exactus, Inc. Registration Statement on Form S-8
Ladies
and Gentlemen:
I have
acted as counsel for Exactus, Inc., a Nevada corporation (the
"Company"), in connection with the registration statement on Form
S-8 (the "Registration Statement") filed with the Securities and
Exchange Commission (the "Commission") pursuant to the Securities
Act of 1933, as amended (the "Act"), relating to the registration
of a total of 23,000,000 shares of the Company’s common stock
(the “Shares”) pursuant to the Company’s 2018
Incentive Plan and the Company’s 2019 Equity Incentive Plan
(collectively, the “Incentive Plans”).
In
rendering the opinion set forth below, I have reviewed (a) the
Registration Statement and the exhibits thereto; (b) the Company's
Articles of Incorporation, as amended; (c) the Company's Bylaws, as
amended; (d) certain records of the Company's corporate proceedings
as reflected in its minute books, including resolutions of the
board of directors approving the Incentive Plans, (e) the Incentive
Plans; and (f) such statutes, records and other documents as I have
deemed relevant. I have assumed the genuineness of all signatures,
the authenticity of all documents submitted to me as originals, and
conformity with the originals of all documents submitted to me as
copies thereof. In addition, I have made such other examinations of
law and fact as I have deemed relevant in order to form a basis for
the opinion hereinafter expressed.
Based
upon the foregoing, it is my opinion that the Shares have been duly
and validly authorized, and when the Registration Statement has
become effective under the Act and the Shares are issued, such
Shares will be legally issued, fully paid and non-assessable shares
of the Company’s common stock.
Sincerely,
LAXAGUE
LAW, INC.
/s/ Joe Laxague
By: Joe
Laxague, Esq.
CONSENT
I
HEREBY CONSENT to the inclusion of my name and use of my opinion in
connection with the Form S-8 Registration Statement filed with the
Securities and Exchange Commission as counsel for the registrant,
Exactus, Inc.
/s/ Joe Laxague
Joe
Laxague, Esq.