NMC CORP
S-8, 1996-11-19
EQUIPMENT RENTAL & LEASING, NEC
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    As filed with the Securities and Exchange Commission on November 19, 1996

                                             Registration No. _______________

                                    FORM S-8

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933


                                    NMC CORP.
             (Exact name of registrant as specified in its charter)

        Delaware                                       22-1558317
(State or other jurisdiction of           (IRS Employer Identification No.)
incorporation or organization)

             477 Madison Avenue, Suite 701, New York, New York 10022
               (Address of principal executive offices) (Zip Code)

              Consulting Agreement between NMC Corp. and BSM, Inc.
                            (Full title of the plan)

                                 Not applicable
                     (Name and address of agent for service)

                                 (212) 207-4560
          (Telephone number, including area code, of agent for service)

                         CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>

                                                                            PROPOSED         PROPOSED          
        TITLE OF EACH CLASS OF SECURITIES         AMOUNT TO BE            OFFERING PRICE     AGGREGATE           AMOUNT OF
                TO BE REGISTERED                   REGISTERED            PER SHARE(1)      OFFERING PRICE      REGISTRATION FEE

<S>                                                <C>                   <C>              <C>               <C>

Shares of Common Stock,                                                               
$.06-2/3 par value
  ("Common Stock")...............................        50,000              2.8125         140,625
Total Registration Fee...........................                                                                 42.61
================================================= ==============================================================================
</TABLE>

(1) Pursuant to Rule 457, the offering price of such shares is estimated solely
for the purpose of determining the registration fee.




<PAGE>



                                     PART 2

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE.

         The following documents are incorporated by reference in this
registration statement.

         (a)      Registrant's Annual Report on Form 10-K for the fiscal year
                  ended July 31, 1996, filed pursuant to Section 13(a) of the
                  Securities Exchange Act of 1934, as amended;

         (b)      All other reports filed by the Registrant pursuant to Section
                  13(a) or 15(d) of the Exchange Act since July 31, 1996.

         (c)      The description of Registrant's Common Stock contained in the
                  Registration Statement on Form 8-A filed with the Commission
                  on November 30, 1966 under Section 12 of the Securities
                  Exchange Act of 1934, including any amendment or report filed
                  for the purpose of updating such description.

         All documents filed by the Registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Securities Exchange Act of 1934 after the date of
this registration statement and prior to the filing of a post-effective
amendment to this registration statement which indicates that all securities
offered hereunder have been sold, or which deregisters all securities then
remaining unsold under this registration statement, shall be deemed to be
incorporated by reference in this registration statement and to be a part hereof
from the date of filing of such documents.

         Any statement contained in a document or incorporated or deemed to be
incorporated by reference shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement contained
herein or in any subsequently filed document which also is or is deemed to be
incorporated by reference herein modifies or supersedes such statement. Any
statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement. All
information in this Registration Statement is qualified in its entirety by the
information and financial statements (including the notes thereto) appearing in
the documents incorporated herein by reference, except to the extent set forth
in the immediately preceding statement.

ITEM 4.  DESCRIPTION OF SECURITIES.

         Not applicable; the class of securities to be offered is registered
under Section 12 of the Securities Exchange Act of 1934.


ITEM 5.  INTEREST OF NAMED EXPERTS AND COUNSEL.

         Not applicable.


                                       -2-

<PAGE>



ITEM 6.  INDEMNIFICATION OF OFFICERS AND DIRECTORS.

         Section 145 of the Delaware General Corporation Law ("DGCL") permits,
in general, a Delaware corporation to indemnify any person made, or threatened
to be made, a party to an action or proceeding by reason of the fact that he or
she was a director or officer of the corporation, or served another entity in
any capacity at the request of the corporation, against any judgment, fines,
amounts paid in settlement and expenses, including attorney's fees actually and
reasonably incurred as a result of such action or proceeding, or any appeal
therein, if such person acted in good faith, for a purpose he or she reasonably
believed to be in, or, in the case of service for another entity, not opposed
to, the best interests of the corporation and, in criminal actions or
proceedings, in addition had no reasonable cause to believe that his or her
conduct was unlawful. Section 145(e) of the DGCL permits the corporation to pay
in advance of a final disposition of such action or proceeding the expenses
incurred in defending such action or proceeding upon receipt of an undertaking
by or on behalf of the director or officer to repay such amount as, and to the
extent, required by statute. Section 145(f) of the DGCL provides that the
indemnification and advancement of expense provisions contained in the DGCL
shall not be deemed exclusive of any rights to which a director or officer
seeking indemnification or advancement of expenses may be entitled.

         The Company's Certificate of Incorporation provides, in general, that
the Company shall indemnify, to the fullest extent permitted by Section 145 of
the DGCL, any and all persons whom it shall have power to indemnify under said
section from and against any and all of the expenses, liabilities or other
matters referred to in, or covered by, said section. The Certificate of
Incorporation also provides that the indemnification provided for therein shall
not be deemed exclusive of any other rights to which those indemnified may be
entitled under any By-Law, agreement, vote of stockholders or disinterested
directors or otherwise, both as to actions taken in his or her official capacity
and as to acts in another capacity while holding such office.

         In accordance with that provision of the Certificate of Incorporation,
the Company shall indemnify any officer or director (including officers and
directors serving another corporation, partnership, joint venture, trust, or
other enterprise in any capacity at the Company's request) made, or threatened
to be made, a party to an action or proceeding (whether civil, criminal,
administrative or investigative) by reason of the fact that he or she was
serving in any of those capacities against judgments, fines, amounts paid in
settlement and reasonable expenses (including attorney's fees) incurred as a
result of such action or proceeding. Indemnification would not be available if a
judgment or other final adjudication adverse to such director or officer
establishes that (I) his or her acts were committed in bad faith or were the
result of active and deliberate dishonesty or (ii) he or she personally gained
in fact a financial profit or other advantage to which he or she was not legally
entitled.

         There is no litigation pending, and neither the registrant nor any of
its directors know of any threatened litigation, which might result in a claim
for indemnification by any director or officer.





                                       -3-

<PAGE>



ITEM 7.  EXEMPTION FROM REGISTRATION CLAIMED.

         Not applicable.

ITEM 8.  EXHIBITS.

NUMBER                              DESCRIPTION OF EXHIBIT

4.1   --          Consulting Agreement between the Company and BSM, Inc.
5.1   --          Opinion of Martin C. Licht, Esq., counsel to the Company.
23.1   --         Consent of Wiener, Penta & Goodman, P.C.



ITEM 9.  UNDERTAKINGS.

         1.    The undersigned, Company, hereby undertakes:

                    (a) To file, during any period in which the Company offers
or sells securities, a post-effective amendment(s) to this registration
statement:

                           (1)      To include any prospectus required by
                                    Section 10(a)(3) of the Securities Act;

                           (2)      To reflect in the prospectus any facts or
                                    events which, individually or together
                                    represent a fundamental change in the
                                    information in the registration statement;
                                    and

                           (3)      To include any additional or changed
                                    material information with respect to the
                                    plan of distribution not previously
                                    disclosed in the registration statement or
                                    any material change to such information in
                                    the registration statement;

                    Provided, however, that paragraphs 1(a)(1) and 1(a)(2) do
         not apply if the information required to be included in a
         post-effective, amendment by those paragraphs is contained in periodic
         reports filed by the Registrant pursuant to section 13 or section 15(d)
         of the Securities Exchange Act of 1934 that are incorporated by
         reference in this registration statement.

            (b)     To remove from registration by means of a post-effective
         amendment any of the
         securities being registered which remain unsold at the
         termination of the offering; and

            (c) That, for the purpose of determining any liability under the
         Securities Act of 1933, each such post-effective amendment shall be
         deemed to be a new registration statement relating to the securities
         offered therein, and the offering of such securities at that time shall
         be deemed to be the initial bona fide offering thereof.


                                       -4-

<PAGE>



         2. The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to Section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.

         3. Insofar as indemnification for liabilities arising under the
Securities Act of 1933 (the "Act") may be permitted to directors, officers and
controlling persons of the Company pursuant to the foregoing provisions, or
otherwise, the Company has been advised that in the opinion of the Securities
and Exchange Commission (the "Commission") such indemnification is against
public policy as expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the
payment by the Company of expenses incurred or paid by a director, officer or
controlling person of the Company in the successful defense of any action, suit
or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Company will, unless in the
opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question of whether such
indemnification by it is against public policy as expressed in the Act and will
be governed by the final adjudication of such issue.


                                       -5-

<PAGE>



                                   SIGNATURES

         THE REGISTRANT. Pursuant to the requirements of the Securities Act of
1933, the registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of New York, State of New York, on November 19,
1996.

                                    NMC CORP.


                                  By:      /s/ Marvin E. Greenfield

                                           Marvin E. Greenfield, President,
                                           Chief Executive
                                           Officer, Treasurer, Chief Financial
                                           Officer and Director


         Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated.

<TABLE>
<CAPTION>


Name                               Title                                      Date

<S>                               <C>                                        <C>

/s/ Marvin E. Greenfield          President, Chief Executive Officer,         November 19, 1996
Marvin E. Greenfield              Treasurer, Chief Financial Officer
                                  and Director

/s/ Judith Kardos                 Secretary and Director                      November 19, 1996  
Judith Kardos


                                  Director                                    November 19, 1996
Arnold Poliskin


/s/ Paul C.R. Woolford            Director                                    November 19, 1996
Paul C.R. Woolford

</TABLE>




<PAGE>


                                                                    EXHIBIT 4.1

                              CONSULTING AGREEMENT


            AGREEMENT dated as of November 19, 1996 by and between NMC CORP., a
Delaware corporation having an office at 477 Madison Avenue, Suite 701, New
York, New York 10022 (the "Company"), and BSM, INC. (the "Consultant"), having
an office at 140 Broad Street, Red Bank, New Jersey 07701.

                              W I T N E S S E T H:

            WHEREAS, the Company wishes to retain Consultant to provide the
Company with certain consulting services and Consultant is willing to provide
such consulting services, on the terms and conditions set forth herein,
            NOW, THEREFORE, in consideration of the foregoing premises and of
the mutual covenants and agreements hereinafter contained, the parties hereby
agree as follows:

SECTION 1. RETENTION; DUTIES. On the terms and subject to the conditions herein
contained, the Company hereby engages Consultant as a consultant, and Consultant
hereby accepts such engagement. Consultant's duties shall be to consult with the
Board of Directors and management of the Company, from time to time, as
requested by the Company with regard to operations, strategic planning and
business development, including targeting of acquisitions for the Company and
such other aspects of the business of the Company as Consultant and the Company
may agree from time to time. Consultant agrees to use its

                                       -1-

<PAGE>



reasonable best efforts to perform all services required hereunder in a
competent and timely manner.

SECTION 2.                 TERM OF THE AGREEMENT.
         (a) The term of this Agreement shall commence as of the date first set
forth above, and, unless earlier terminated pursuant hereto, shall continue for
a period of three (3) years.
         (b) In the case of any material breach by Consultant of its obligations
under this Agreement, the Company may terminate this Agreement upon thirty (30)
days written notice, such notice to describe the breach in detail, unless
Consultant has cured the breach within such thirty (30) day period, or in the
event that the breach cannot be cured within such period, Consultant has
commenced with due diligence to cure such breach.
         (c) The termination of this Agreement by either party hereto shall not
affect, restrict, diminish or remove any rights, obligations or remedies held or
arising by either party under the terms of this Agreement up to and through the
effective date of termination hereof.

SECTION 3. CONSULTANT'S COMPENSATION. For its services hereunder, the Company
shall issue to Consultant 50,000 shares of the Company's common stock, $.062/3
par value (the "Common Stock"), and shall pay to Consultant the sum of $5,000
per month on or before the tenth day of each month.


                                       -2-

<PAGE>



SECTION 4.                 OTHER BENEFITS AND EXPENSES
         The Company shall pay or reimburse Consultant for all reasonable and
necessary expenses incurred by it in connection with its duties hereunder, upon
submission by Consultant to the Company of such written evidence of such expense
as the Company may require. The Consultant shall obtain the prior written
approval of the Company for any expense in excess of $200.

         SECTION 5. CONFIDENTIALITY. Consultant understands that, in performing
its responsibilities hereunder, it will have access to Confidential Information
(as hereinafter defined) of the Company. Consultant shall hold in strict
confidence unless compelled to disclose by judicial or administrative process,
or, in the opinion of counsel, by other requirements of law, Confidential
Information (as hereinafter defined) and shall not release or disclose such
information to any other person, except its employees, auditors, attorneys,
representatives and other advisors and agents in connection with this Agreement
and the services to be provided hereunder, provided that any such person shall
have first been advised of and agreed to the confidentiality provisions of this
Section 5. For purposes hereof, "Confidential Information" shall mean all
information of any kind which the Company deems to be confidential, except
information (i) disclosed in any filing by the Company pursuant to the
Securities Exchange Act of 1934, (ii) available to the public other than as a
result of a disclosure by Consultant in violation of the terms hereof, (iii)
available to Consultant on a non- confidential basis prior to disclosure to
Consultant by the Company, or (iv) available to Consultant on a non-confidential
basis from a source other than the Company, provided that

                                       -3-

<PAGE>



such source is not known by Consultant to be bound by a confidentiality
agreement with the Company or otherwise is known by Consultant to be prohibited
by a contractual, legal or fiduciary obligation from transmitting the
information to Consultant.

SECTION 6. NO SOLICITATION. Consultant agrees that during the term of this
Agreement and for a period of one (1) year following the expiration of this
Agreement, it will not solicit the employment of any employee of the Company on
behalf of any other person, firm, corporation or other entity or otherwise
interfere with the employment relationship between any employee or officer of
the Company and the Company.

SECTION 7.                 LIMITATION OF LIABILITY; INDEMNIFICATION.
         (a) Consultant shall have no liability to the Company, its shareholders
or to any third party for any losses, liabilities, obligations, fines,
injunctions or other costs or expenses of any kind directly or indirectly
sustained, or incurred or arising as a result of the services that are the
subject of this Agreement (or any action or inaction of any third party retained
by or acting on behalf of Consultant hereunder) or for any other cause or
reason, except as may result from Consultant's gross negligence or wilful
misconduct in the performance of its duties hereunder.
         (b) The Company agrees to indemnify and hold Consultant harmless from
and against any losses, claims, damages or liabilities, joint or several, to
which Consultant may become subject in connection with the services which are
the subject of this Agreement, and to reimburse Consultant for any out-of-pocket
expenses including reasonable fees and expenses of counsel (including the cost
of any investigation and preparation) incurred by Consultant in

                                       -4-

<PAGE>



connection therewith, whether or not resulting in any liability; provided,
however, that the Company shall not be liable under the foregoing indemnity to
the extent that a court having jurisdiction shall have determined by a final
judgment that such loss, claim, damage or liability resulted from the willful
misconduct or gross negligence of Consultant. This indemnification shall remain
in full force and effect following the completion or termination of this
Agreement.
         (c) Consultant agrees to indemnify and hold the Company harmless from
and against any losses, claims, damages or liabilities, joint or several, to
which the Company may become subject in connection with the services which are
the subject of this Agreement, and to reimburse the Company for any
out-of-pocket expenses including reasonable fees and expenses of counsel
(including the cost of any investigation and preparation) incurred by the
Company in connection therewith, whether or not resulting in any liability;
provided, however, that Consultant shall not be liable under the foregoing
indemnity except to the extent that a court having jurisdiction shall have
determined by a final judgment that such loss, claim, damage or liability
resulted from the willful misconduct or gross negligence of Consultant. The
indemnity agreement in this paragraph shall, upon the same terms and conditions,
extend to and inure to the benefit of each person, if any, who may be deemed to
control the Company and to the respective officers, directors, employees and
advisors of the Company and such control persons. This indemnification shall
remain in full force and effect following the completion or termination of this
agreement.
         (d) If any lawsuit or enforcement action is filed against any party
entitled to the benefit of indemnity under this Section 7 by any third party,
written notice thereof shall be

                                       -5-

<PAGE>



given to the indemnifying party as promptly as practicable; provided that the
failure of any indemnified party to give timely notice shall not affect rights
to indemnification hereunder except to the extent that the indemnifying party
demonstrates that such failure was prejudicial to the ability of the
indemnifying party to defend such lawsuit or action and resulted in increased
cost to the indemnifying party pursuant to this Section 7. After such notice, if
the indemnifying party shall acknowledge in writing to such indemnified party
that such indemnifying party shall be obligated under the terms of its indemnity
hereunder in connection with such lawsuit or action, then the indemnifying party
shall be entitled, if it so elects, to take control of the defense and
investigation of such lawsuit or action and to employ and engage attorneys of
its own choice to handle and defend the same, at the indemnifying party's cost,
risk and expense; and such indemnified party shall cooperate in all reasonable
respects, at the indemnifying party's cost, risk and expense, with the
indemnifying party and such attorneys in the investigation, trial and defense of
such lawsuit or action and any appeal arising therefrom; provided, however, that
the indemnified party may, at its own cost, participate in such investigation,
trial and defense of such lawsuit or action and any appeal arising therefrom.
However, if the defendants in any action involve both the indemnifying party and
the indemnified party, and the indemnified party concludes that representation
of both the indemnifying party and the indemnified party by the same counsel is
inappropriate under applicable standards of professional conduct due to actual
or potential differing interests between them or for some other reason, then the
indemnifying party shall have the right, at the expense of the indemnifying
party, to select separate counsel to assume such legal defenses and to otherwise
participate in the defense of such action on behalf of the indemnified party.

                                       -6-

<PAGE>



         (e) In the case of any legal action directly between the Company and
Consultant with regard to any matter covered by the provisions of this Section
7, the non-prevailing party shall pay all reasonable attorney's fees and
expenses of the prevailing party incurred solely as a result of such action.

SECTION 8. AUTHORIZATION. Each party hereto has taken all necessary action to
duly authorize the execution, delivery and performance of this Agreement.

SECTION 9. MODIFICATION. Except as otherwise provided herein, this Agreement may
not be modified, changed, discharged, waived or terminated except by an
instrument in writing signed by the party against whom the enforcement of any
such modification, change, discharge, waiver or termination is sought.

SECTION 10. ENTIRE AGREEMENT. This Agreement constitutes the entire Agreement
between the parties with respect to the subject matter hereof and supersedes all
prior and contemporaneous arrangements or understandings with respect thereto.

SECTION 11. NOTICES. All notices and other communications hereunder to any party
shall be in a written instrument delivered by hand or duly sent by first class,
registered or certified mail, return receipt requested and postage prepaid,
addressed to such party at the address set forth on the first page of this
Agreement or such other address as may hereafter by designated in writing by the
addressee. All such notices and communications shall be deemed to have

                                       -7-

<PAGE>



been received (a) in the case of personal delivery, on the date of such
delivery, and (b) in the case of mailing, on the fifth day following the date of
such mailing.

SECTION 12. SURVIVAL. The indemnification granted under Section 7 above shall
survive the termination or cancellation of this Agreement and shall be binding
upon and inure to the benefit of the parties hereto, their successors and
assigns.

SECTION 13. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors,
permitted assigns and representatives. This Agreement shall not be assignable in
whole or in part, in any of its terms, obligations, responsibilities or
provisions by any party hereto without the express written consent of the other
party; provided, however, that this provision shall in no way limit the right of
Consultant to enlist, hire or retain counsel, consultants, advisors, experts or
other third parties to assist it in carrying out and administering its duties
and responsibilities hereunder.

SECTION 14. RELATIONSHIP. The sole relationships existing between the Company
and Consultant shall be that as specifically provided under the terms of this
Agreement. This Agreement shall not be construed as creating any partnership,
joint venture or any other form of joint operation or organization wherein the
parties hereto are deemed to be partners.


                                       -8-

<PAGE>



SECTION 15. COOPERATION. The parties hereto agree to execute and deliver from
time to time such additional documents, instruments, agreements, and other
evidences of authority as may be necessary or prudent to carry out the intent of
this Agreement and the transactions contemplated hereby.

SECTION 16. COUNTERPARTS. This Agreement may be executed in any number of
counterparts and each such counterpart hereof shall be deemed to be an original
instrument, but all such counterparts together shall constitute but one
agreement.

SECTION 17. SEVERABILITY. The invalidity or unenforceability of any provision
hereof shall in no way effect the validity or enforceability of any other
provision. The parties to this Agreement agree and intend that this Agreement
shall be enforced as fully as it may be enforced consistent with applicable
statutes and rules of law.

SECTION 18. GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without giving effect to
principles of conflicts of law.



                                       -9-

<PAGE>



            IN WITNESS WHEREOF, the parties hereto have executed and delivered
this Agreement as of the date first set forth above.

                          NMC CORP.



                          By:  ______________________________
                               Name:
                               Title:



                           BSM, INC.




                           By:  ______________________________
                                 Name:
                                Title:






                                      -10-


<PAGE>

                                                                     EXHIBIT 5.1

                              MARTIN C. LICHT, ESQ.
                               12 East 49th Street
                                   37th Floor
                            New York, New York 10017
                                 (212) 317-8872
                               fax: (212) 371-9735

                                November 19, 1996


NMC Corp.
477 Madison Avenue
New York, NY 10022

Attn: Marvin E. Greenfield

         Re:   Registration Statement on Form S-8

Gentlemen:

            I refer to the offering (the "Offering") of the following securities
(collectively, the "Securities") of NMC Corp., a Delaware corporation (the
"Company"), as described in the Registration Statement on Form S-8 to be filed
with the Securities and Exchange Commission as subsequently amended from time to
time (collectively, the "Registration Statement"):

                50,000 shares of Common Stock, $.06-2/3 par value (the "Common
Stock"), of the Company, being registered on behalf of the Company;

            In furnishing my opinion, I have examined copies of the Registration
Statement and the Exhibits thereto. I have conferred with officers of the
Company and have examined the originals or certified, conformed or photostatic
copies of such records of the Company, certificates of officers of the Company,
certificates of public officials, and such other documents as I have deemed
relevant and necessary under the circumstances as the basis of the opinion
expressed herein. In all such examinations, I have assumed the authenticity of
all documents submitted to me as originals or duplicate originals, the
conformity to original documents of all document copies, the authenticity of the
respective originals of such latter documents, and the correctness and
completeness of such certificates. Finally, I have obtained from officers of the
Company such assurances as I have considered necessary for the purposes of this
opinion.

            Based upon and subject to the foregoing and such other matters of
fact and questions of law as I have deemed relevant in the circumstances, and in
reliance thereon, it is our opinion that, when and if (a) the Registration
Statement shall be declared effective by the

                                       -1-

<PAGE>



Securities and Exchange Commission, as the same may hereafter be amended; and
(b) the Securities to be sold for the account of the Company shall have been
sold as contemplated in the Registration Statement, then all of the Securities,
upon execution and delivery of proper certificates therefor, will be duly
authorized, validly issued and outstanding, fully paid and nonassessable.

            I hereby consent to the use of my name in the Registration Statement
and in the prospectus forming a part of the Registration Statement (the
"Prospectus"), to references to this opinion contained therein under the caption
of the
Prospectus entitled "Legal Matters,"
and to the inclusion of this opinion in the Exhibits to the
Registration Statement.

            I am a director of the Company.

            I am a member of the Bar of the State of New York and I do not
express herein any opinion as to any matters governed by any law other than the
law of the State of New York, the corporate law of the State of Delaware, and
the Federal laws of the United States.

            This opinion is limited to the matters set forth herein, and may not
be relied upon in any matter by any other person or used for any other purpose
other than in connection with the corporate authority for the issuance of the
Securities pursuant to and as contemplated by the Registration Statement.

                                            Very truly yours,


                                            MARTIN C. LICHT








                                       -2-


<PAGE>





INDEPENDENT AUDITOR'S CONSENT


We consent to the incorporation by reference on Forms S-8 of NMC Corp. of our
report dated October 4, 1996 appearing in this Annual Report on Form 10-K of NMC
Corp. for the year ended July 31, 1996.




WIENER, PENTA & GOODMAN, P.C.
Certified Public Accountants






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