EX1A-12 OPN CNSL 10 nt10024773x2_ex12-1.htm EXHIBIT 12.1

Exhibit 12.1

McCarter & English, LLP

September 8, 2021

Board of Directors
Basil Street Café, Inc.
2100 Geng Road
Palo Alto, CA 94303

To the Board of Directors:

We are acting as counsel to Basil Street Café, Inc.(the “Company”) with respect to the preparation and filing of an offering statement on Form 1-A. The offering statement, and pre-qualification amendments, cover the contemplated sale of up to 7,092,198 shares of the Company’s Series B Preferred Stock, convertible into 7,092,198 shares of common stock of the Company.

In connection with the opinion contained herein, we have examined the offering statement, as well as pre-qualification amendments, the certificate of incorporation (as amended) and bylaws (as amended), the resolutions of the Company’s board of directors and stockholders, as well as all other documents necessary to render an opinion. In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the authenticity of the originals of such copies.

Based upon the foregoing, we are of the opinion that the shares of Series B Preferred Stock being sold pursuant to the offering statement, and shares of common stock into which the Series B Preferred Stock may convert, are duly authorized and will be, when issued in the manner described in the offering statement, legally and validly issued, fully paid and non-assessable.

No opinion is being rendered hereby with respect to the truth and accuracy, or completeness of the offering statement or any portion thereof.

We further consent to the use of this opinion as an exhibit to the offering statement.

 
Very truly yours,
   
 
/s/ McCarter & English, LLP
 
McCarter & English, LLP