EXHIBIT 8.2
[VENTURE LAW GROUP LETTERHEAD]
February 11, 2000
xXxxx.xxx, Inc.
0000 Xxxxxxxx Xxxxxxxxx, XX
0xx Xxxxx
Xxxxxxxx, XX 00000
Ladies and Gentlemen:
This opinion is being delivered to you in connection with (i) the
Agreement and Plan of Merger (the "Agreement") dated as of October 22, 1999,
---------
between Xxxxxx.xxx Inc., a Delaware corporation ("Xxxxxx.xxx"), Rocket
----------
Acquisition Corp., a Washington corporation and a wholly owned subsidiary of
Xxxxxx.xxx ("Sub"), and xXxxx.xxx, Inc., a Washington corporation ("xXxxx.xxx"),
--- ---------
and (ii) the preparation and filing with the Securities and Exchange Commission
of a Form S-4 Registration Statement relating to the Merger (the "Registration
------------
Statement"). Pursuant to the Agreement, Sub will merge with and into xXxxx.xxx
---------
(the "Merger"), and xXxxx.xxx will become a wholly owned subsidiary of
------
Xxxxxx.xxx.
Except as otherwise provided, capitalized terms referred to herein
have the meanings set forth in the Agreement. All section references, unless
otherwise indicated, are to the Internal Revenue Code of 1986, as amended (the
"Code").
----
We have acted as legal counsel to xXxxx.xxx in connection with the
Merger. As such, and for the purpose of rendering this opinion, we have
examined and are relying upon (without any independent investigation or review
thereof) the truth and accuracy, at all relevant times, of the statements,
covenants, representations and warranties contained in the following documents
(including all schedules and exhibits thereto):
1. The Agreement;
2. The Registration Statement; and
3. Such other instruments and documents related to Xxxxxx.xxx,
xXxxx.xxx and Sub and to the consummation of the Merger and the other
transactions contemplated by the Agreement as we have deemed necessary or
appropriate.
xXxxx.xxx, Inc.
Page 2
In connection with rendering this opinion, we have assumed or obtained
representations (and are relying thereon, without any independent investigation
or review thereof) that:
A. Original documents submitted to us (including signatures) are
authentic, documents submitted to us as copies conform to the original
documents, and there has been (or will be by the Effective Time) due execution
and delivery of all documents where due execution and delivery are prerequisites
to the effectiveness thereof; and
B. The Merger will be consummated in accordance with the Agreement
without any waiver or breach of any material provision thereof, and the Merger
will be effective under applicable state law.
Based on our examination of the foregoing items and subject to the
assumptions, exceptions, limitations and qualifications set forth herein and in
the Registration Statement we are of the opinion that:
(a) the Merger will be a "reorganization" for federal income tax
purposes within the meaning of Section 368(a) of the Code; and
(b) the opinion ascribed to us in the Registration Statement under the
heading "The Merger Agreement - Federal Income Tax Considerations," except as
otherwise indicated, constitutes our legal opinion. We express no opinion as to
any federal, state or local, foreign or other tax consequences, other than as
set forth in the Registration Statement under the heading "The Merger Agreement
- Federal Income Tax Considerations."
In addition to the assumptions and representations described above,
this opinion is subject to the exceptions, limitations and qualifications set
forth below.
(1) This opinion represents and is based upon our best judgment
regarding the application of federal income tax laws arising under the Code,
existing judicial decisions, administrative regulations and published rulings
and procedures. Our opinion is not binding upon the Internal Revenue Service or
the courts, and there is no assurance that the Internal Revenue Service will not
successfully assert a contrary position. Furthermore, no assurance can be given
that future legislative, judicial or administrative changes, on either a
prospective or retroactive basis, will not adversely affect the accuracy of the
conclusions stated herein. Nevertheless, we undertake no responsibility to
advise you of any new developments in the application or interpretation of the
federal income tax laws.
(2) No opinion is expressed as to any transaction other than the
Merger (whether or not undertaken in connection with the Merger) or as to any
transaction whatsoever,
xXxxx.xxx, Inc.
Page 3
including the Merger, if all the transactions described in the Agreement are not
consummated in accordance with the terms of such Agreement and without waiver or
breach of any material provision thereof or if all of the statements,
representations, warranties and assumptions upon which we relied are not true
and accurate at all relevant times. In the event any one of the statements,
representations, warranties or assumptions upon which we have relied to issue
this opinion is incorrect, our opinion might be adversely affected and may not
be relied upon.
This opinion is rendered to you solely in connection with the filing
of the Registration Statement. We hereby consent to the filing of this opinion
as an exhibit to the Registration Statement. We also consent to the references
to our firm name wherever appearing in the Registration Statement with respect
to the discussion of the federal income tax consequences of the Merger,
including any amendments to the Registration Statement. This opinion may not be
relied upon for any other purpose, and may not be made available to any other
person, without our prior written consent.
Very truly yours,
/s/ Venture Law Group
VENTURE LAW GROUP,
A Professional Corporation