EXHIBIT 5
[LEAGRE CHANDLER & MILLARD LLP LETTERHEAD]
September 26, 2000
PlanetGood Technologies, Inc.
7202 East 87th Street
Indianapolis, Indiana 46256
Gentlemen:
We have acted as counsel to PlanetGood Technologies, Inc., an Indiana
corporation (the "Company"), with respect to the filing by the Company with the
Securities and Exchange Commission under the Securities Act of 1933, as amended,
of a Registration Statement on Form S-8 (the "Registration Statement") covering
350,000 shares of the Company's common stock, $0.001 par value per share (the
"Shares"), to be issued pursuant to a Consulting Agreement, dated September 11,
2000, between the Company and Jake Canceli (the "Consulting Agreement").
Based on our review of the Articles of Incorporation of the Company, as
amended, the Bylaws of the Company, the Consulting Agreement and documents
related thereto, and such other documents and records as we have deemed
necessary and appropriate, we are of the opinion that the Shares, when issued
pursuant to the Consulting Agreement, and assuming that the Company receives the
services comtemplated by the Consulting Agreement, will be validly issued, fully
paid and non-assessable.
We consent to the filing of this opinion of counsel as Exhibit 5 to the
Registration Statement.
Very truly yours,
/s/ Leagre Chandler & Millard LLP
LEAGRE CHANDLER & MILLARD LLP
