ARENA RESOURCES INC
SB-1, EX-10.B, 2000-09-20
Previous: ARENA RESOURCES INC, SB-1, EX-10.A, 2000-09-20
Next: ARENA RESOURCES INC, SB-1, EX-99, 2000-09-20




                               September 15, 2000



Board of Directors
Arena Resources, Inc.
4920 South Lewis Street, Suite 107
Tulsa, Oklahoma 74105

         RE:      Opinion on Legality of SB-1Registration

Dear Arena Board of Directors:

         Our  office  has been asked by Mr. Tim  Rochford,  your  president,  to
prepare for the Board of  Directors  an opinion on the  legality of the proposed
Registration pending before the Securities and Exchange Commission on Form SB-1.
In  response  to that  request,  it is the  opinion of our office  that  Kinship
Systems,  Inc. is a Utah  corporation  in good  standing and is fully capable of
completing and filing a Registration  Statement on Form SB-1 with the Securities
Exchange   Commission  and  otherwise   registering  such  Offering  in  various
jurisdictions  where the  Offering  may be sold.  It is also the  opinion of the
undersigned that the securities covered by the Registration Statement will, when
sold, be legally issued, fully paid and non-assessable.

         Our office has been further  advised  that your Board of Directors  has
approved and  authorized a  Registration  Statement  and its filing and the same
constitutes  the basis for this  opinion  that the  Company can and may effect a
registration  of its  securities  as  presently  proposed  in the  current  SB-1
Registration  Statement  to be filed.  It is also the opinion of our office that
the proposed SB-1  Registration  Statement  constitutes an apparent adequate and
complete  filing under the  Securities  and  Exchange  Act of 1933,  though such
opinion does not intimate or mean that the  Securities  and Exchange  Commission
may not require, and most likely will require, various amendments,  supplements,
and  changes to the  Prospectus  or other  parts of the  Registration  Statement
before such  Registration  may become  effective.  It is further  understood and
agreed between the undersigned and the Company that this letter will be required
to be  filed  as a  Exhibit  to the  Registration  Statement.  If you  have  any
questions  regarding  this  opinion,  please  contact  the  undersigned  at your
earliest convenience.

                                                          Sincerely,


                                                          /s/Julian D. Jensen
                                                          -------------------
                                                             Julian D. Jensen
                                                             Attorney at Law



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission