Exhibit 5.1
B.O.S. Better Online Solutions Ltd.
20 Freiman Street
Rishon LeZion, 7535825
Israel
Re: Registration Statement on Form F-3
Ladies and Gentlemen:
We have acted as Israeli counsel to B.O.S. Better Online Solutions Ltd. (the “Company”) in connection with the registration of the offer and sale of up to 800,000 ordinary shares of the Company, with no par value (the “Shares”) and warrants (the “Warrants”) to purchase up to 720,000 Shares (the “Warrant Shares”) pursuant to the Company’s shelf Registration Statement on Form F-3 (File No. 333-249597) filed on October 22, 2020 and declared effective the Securities and Exchange Commission (the “Commission”) on November 2, 2020 (the “Registration Statement”).
The offering and sale of the Shares are being made pursuant to the Securities Purchase Agreements (each, a “Purchase Agreement”), dated as of December 30, 2020, by and among the Company and the purchaser identified in the signature pages thereto (the “Purchaser”).
We have examined copies of the Purchase Agreement, the Registration Statement, the base prospectus that forms a part thereof (the “Base Prospectus”) and the prospectus supplement thereto dated January 4, 2021 related to the offering of the Shares and Warrants filed by the Company in accordance with Rule 424(b) promulgated under the Securities Act of 1933, as amended (the “Prospectus Supplement” and together with the Base Prospectus, the “Prospectus”). We have also examined the originals, or photocopies or copies, certified or otherwise identified to our satisfaction of such corporate records, agreements, documents and other instruments and have made such investigation of matters of fact and law, as we have deemed relevant and necessary as a basis for the opinions hereafter set forth.
In such examination, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as photocopies or certified copies, and the authenticity of the originals of such latter documents. As to all questions of fact material to the opinions set forth herein, we did not independently establish or verify such facts and we have relied, without independent investigation, upon statements, certificates or comparable documents of officers and representatives of the Company and upon certificates of public officials. We have considered such questions of Israeli law as we have deemed necessary for the purpose of rendering this opinion.
We have assumed, in addition, that at the time of the execution and delivery of each Purchase Agreement such Purchase Agreement is the valid and legally binding obligation of the Purchaser, enforceable against it in accordance with its terms.
| Tel-Aviv: 45 Rothschild Blvd., Herzliya: 1 Abba Eban Blvd | Eric J. Gornitzky | (1921 – 1997) | * Member of the New York State Bar |
| Phone: +972-3-7109191 Fax: +972-3-5606555 | Boaz Nahir | (1930 – 2006) | |
| E-mail address: office@gornitzky.com P.O.B 29141 Tel-Aviv 6578403 Israel | Ariel Zelichov | (1955 – 2009) | ** Member of the New York State Bar and Massachusetts Bar |
| | Dalia Ronen | (1956 – 2000) | |
| Advocates&Notaries | Hagar Alon-Windman | (1978 – 2013) | |
| www.gornitzky.com | Daphna Talgam | (1954 – 2015) | *** Solicitor in England & Wales |
| ESTABLISHED - 1938 | | | |
Pinhas Rubin
Moriel Matalon
Jack Smith
Eyal Marom
Ofer Tzur
Itay Geffen
Eyal Raz
Erez Harel
Chaim Y. Friedland*
Lior Porat
Yaron Elhawi
Sharon Werker-Sagy
Elite Elkon
Eli Elya
Shlomo Cohen
Daniel Paserman(CPA)
Gil Grady (CPA)
Noam Ronen
Eli Cohen
Kfir Yadgar
Timor Belan
Avi D. Pelossof
Maya Sabari
Aviram Handel
Daniel Marcus
Shlomo Landress*
Yair Shiloni
Joseph D. Gross***
Harel Shaham
Nurit Traurik
Ari Fried**
Orly Tenennbaum
Idan Baki
Shiri Shani
Sagit Ohana-Livne
Avner Finkelshtein
Michael Ayalon
Tamar Cohen
Lior Relevy
Ofer Fleischer
Ziv Rotenberg
Adi Ben-Hur Efroni
Itai Itzkovich
Ronit Rozenstein-Barel
Shlomo Aviad Zider
Ori Yitzhak
Itzchak Lazar
Yiftach Farber
Adi Nahmias-Twina
Inbal Badner
Asaf Avtuvi
Yehonatan Raff
Uri Heller
Oded Uni
Nir Keidar
Assaf Harel
Hila Shimon
Ehud Katzenelson
Gila Ponte-Shlush***
Daniel Lasry
Yoad Cohavy
Maya Hoftman
Alon Peled
Shirin Gabbay-Metzger
Inbar Barak-Bilu (CPA)
Amnon Biss
Nuna Lerner
Dr. Assaf Prussak*
Saray Aharony (CPA)
Sarit Naaman Shaag
Itay Rubin
Shimon Moyal
Avi Meer*
Shahar Eisner
Daniel Skald (CPA)
Reut Oshaya Holzer
Sharon Zeitouni
Ilana Zibenberg
Marina Goldshtein
Anat Schnur Rabinovich
Ariel Zeewi
Nitsan Litwak
Lior Baran
Neta Peled
Joanna Yanowsky
Sagi Padureanu
Itamar Ben Yehuda
Lior Grinblat
Tal Sela
Carolyn Zeimer Vigodny
Elinor Lavie Vardi
Noga Haruvi
Yael Kleinman
Shani Sahar
Adi Haya Raban
Liron Gilor
Dana Suidman
Dan Fisher
Yechiel Zipori
Tom Alkalay
Shahar Oshri
Idan Zohar
Tamar Barchad (CPA)
Tsefi Feldman
Nir Knoll*
Natalie Dragot
Shani Weiss
Marina Portugalov
Maor Israeli
Moshe Sevi
Maayan Frankovich
Keren Ovadia
Yaad Gordon
Hagar Peleg
Smadar Ron
Noa Schweitzer Amar
Roni Sharon Aviram
Nofar Arad
Ayala Livni Shoham
Yehonatan Prussak
Elona Lerner
Maya Rechnitz
Michal Arbov
Zeev Bienenstock
Daniel Barlev
Maya Dvir
Alex Lazarovich
Alex Feldsher
Lior Sharabi
Netanel Kahana
Nir Moses (CPA)
Rafael Shafransky
Ksenya Zemsckov
Assaf Hasson
Karin Avichail
Asaf Alterman
Karin Blank
Netalee Aviv
Amir Tzemach
Liron Karass
Liron Koren
Shiran Knafo
Dalia Karzbrun (CPA)
Sharon Reingwirtz
Alon Shecheransky
Yaniv Chajmovic
Noa Even Sapir
Dafna Sidkiyahu
Avigail Labaton
Moran Ben Dayan (CPA)
Gil Palkovic Tiberg
Yarden Buhnik
Tomer Basson
Amit Ron
Inbal Ronel
Sharon Strauss
Ben Peleg
Shira Abergel-Hajaj
Astar Shechter
Anat Zehavi
Hana Atias
Laura Tal Hadar
Oren Meiri
Anat Primovich
Ran Shamia
Lilach Shamir (CPA)
Omer Razin
Nofar Batsri
Coral Ashkeloni
Inbar Nisim Katz
Shir Hershkovits
Hila Sabah
Inbar Boiangio
David Chester
Michal Lavi-Sneh
Netta Oyerbach
Koral Zellinger
Lee Cohen
Amit Perets
Gali Havkin
Yoel Lavie
Dr. Yehonatan Shiman
Adam Spiegel
Omer Goldenberg
Shai Czarni
Hila Ben Shabat
Tuval Levanon
Eli Shachar
Yehiam Schlesinger
Shaked Shani Korenianski
Yoav Glazner
Daniel Winer
Talia Haninkes
Daniella Weinrauch
Joshua Cohn
Asaf De Toledo
Orel Levy
Ofri Farkash
Shir Besser Rehani
Aryeh Goldman
Yael Heiman
Reut Zalmanovitz
Idan Yaron
Daniel Cohen
Eli Louz
Yelena Korshin
Zvi Ephrat, Senior Counsel
Shai Sharvit, Of-Counsel
Zvi Sohar, Of-Counsel
Rani M. Haj-Yachya, Of-Counsel
Based on and subject to the foregoing, we are of the opinion that the Shares have been duly authorized by the Company and, when issued and delivered by the Company against payment therefor in accordance with the terms of and in the manner contemplated by the Purchase Agreement and the Prospectus, will be validly issued, fully paid and non-assessable. In addition, the Warrant Shares issuable upon exercise of the Warrants have been duly authorized and when issued and paid for pursuant to the terms of the Purchase Agreements and the Warrants, will be validly issued, fully paid and non-assessable.
We are members of the Bar of the State of Israel and we express no opinion as to any matter relating to the laws of any jurisdiction other than the laws of Israel and have not, for the purpose of giving this opinion, made any investigation of the laws of any other jurisdiction than Israel. This opinion letter is effective only as of its date and the opinions expressed herein are based upon the law in effect (and published or otherwise generally available) on the date hereof, and we assume no obligation to revise or supplement this opinion letter should such law be changed by legislative action, judicial decision or otherwise. This opinion letter is expressly limited to the matters set forth above, and we render no opinion, whether by implication or otherwise, as to any other matters. In addition, we render no opinion in relation to any representation made or given in the Registration Statement.
We hereby consent to the use of this opinion as an exhibit to the Company’s Current Report on Form 6-K filed on or about the date hereof.
| | Very truly yours, |
| | |
| | /s/ Gornitzky & Co. |
| | Gornitzky & Co. |
