Cane O'Xxxxx Xxxxxx, LLC
Affiliated with ORT Law Corporation
of Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx
_____________________________
Xxxxxxx X. Cane* Xxxxxxx F.X. X'Xxxxx ** Xxxx X. Henrie+
Xxxxxxx X. Xxxxxx***
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
E-mail: xxxxxxx@xxx.xxx
---------------
0000 Xxxx Xxxxxx Xxxxxx
Xxxxx 000, Xxx 00
Xxx Xxxxx, XX 00000
February 20, 2003
Pinnacle Fund I, Inc.
0000 Xxxx 0000 Xxxxx
Xxxxx, Xxxx 00000
Re: Pinnacle Fund I, Inc., Registration Statement on Form SB-2
Ladies and Gentlemen:
We have acted as counsel for Pinnacle Fund I, Inc., a Utah corporation
(the "Company"), in connection with the preparation of the registration
statement on Form SB-2 (the "Registration Statement") to be filed with the
Securities and Exchange Commission (the "Commission") pursuant to the Securities
Act of 1933, as amended (the "Act"), relating to the offering of 20,000
Contract receivable asset backed notes (the Notes).
In rendering the opinion set forth below, we have reviewed: (a) the Registration
Statement and the exhibits attached thereto; (b) the
Company's Articles of Incorporation; (c) the Company's Bylaws; (d) certain
records of the Company's corporate proceedings as reflected in its minute books;
and (e) such statutes, records and other documents as we have deemed relevant.
In our examination, we have assumed the genuineness of all signatures, the
authenticity of all documents submitted to us as originals, and conformity with
the originals of all documents submitted to us as copies thereof. In addition,
we have made such other examinations of law and fact, as we have deemed relevant
in order to form a basis for the opinion hereinafter expressed.
Based upon the foregoing, we are of the opinion that the Notes, when issued,
will be the binding obligation of the Company.
Very truly yours,
CANE O'XXXXX XXXXXX, LLC
/s/ Xxxx X. Xxxxxx
_____________________________
Xxxx X. Xxxxxx, Esq.
Pinnacle Fund I, Inc.
February 20, 2003
Page 2
We hereby consent to the use of this opinion as an Exhibit to the Registration
Statement and to all references to this Firm under the caption "Interests of
Named Experts and Counsel" in the Registration Statement.
Very truly yours,
CANE O'XXXXX XXXXXX, LLC
/s/ Xxxx X. Xxxxxx
_____________________________
Xxxx X. Xxxxxx, Esq.
