EX1A-12 OPN CNSL 11 cast_ex12.htm OPINION OF COUNSEL

WALLACE A. GLAUSI

ATTORNEY AT LAW

550 PARK AVENUE, SUITE 220

PORTLAND, OR 97205

(503) 515-3657

 

August 22, 2022

 

Re: Qualification Statement for Castle Placement Group, LLC on Form 1-A

 

To whom it may concern:

 

We have been retained by Castle Placement Group, LLC (the "Company"), in connection with the preparation and filing with the Securities and Exchange Commission, under the Securities Act of 1933, as amended, of the Company's Offering Statement on Form 1-A (the "Offering Statement").  The Offering Statement covers 15,000,000 Class A Common Units in the Company (the "Units", of which up to 13,800,000 will be sold and issued by the Company and up to 1,200,000 will be sold by the Selling Unitholders) at a purchase price of $5.00 per share, for a total offering amount of $75,000,000.

 

In our capacity as such counsel, we have examined and relied upon the originals or copies, certified or otherwise identified to our satisfaction, of the following:

 

1. Certificate of Formation of the Company; 

2. Operating Agreement of the Company; 

3. The Offering Circular and Statement; and 

4. The form of Subscription Agreement. 

 

We have also examined such other corporate records, documents, certificates, and other agreements and instruments, and have made such other examinations, as we have deemed relevant, necessary or appropriate to enable us to render the opinions hereinafter expressed.

 

Based on that examination, we are of the opinion that:

 

1. The Company is duly authorized to issue the Units. 

2. When issued and sold by the Company pursuant to the terms of the Subscription Agreement, the Units will be validly issued Class A Common Units in the Company, fully paid and non-assessable. 

 

We hereby consent to the filing of this opinion as an exhibit and to the Offering Statement and to the use of our name in the Offering Statement. In giving the foregoing consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act, or the rules and regulations of the Securities and Exchange Commission.

 

Sincerely,

 

Attorney at Law