Exhibit 5.1
Tuvia Erlich | Asher Dovev | Robert Wiseman | Ariel Yosefi | Efrat Gut |
Meir Linzen | Haim Gueta | Moran Yemini | Daniel Lipman Lowbeer | Dana Kashi |
Alan Sacks | Odelia Offer | Saar Pauker | Nir Dash | Alon Kaplan |
Yaacov Brandt | Sharon Petel | Michal Gutelzon | Tal Hamdi | Nir Miller |
Ehud Sol | Moria Tam-Harshoshanim | Yahav Drori | Itzhak Shragay | Assaf Naveh |
Janet Levy Pahima | Guy Katz | Rotem Peled | Carmit Keanan | Shuki Chen |
Eldar Ben-Ruby | Daniel Reisner | Efri Berkovich | Ronit Bernstein | Dikla Nassi |
Amir Seraya | Nurit Dagan | Orit Hipsher | Elad Leef | Chen Dekel-Zilber |
Yael (Neeman) Bar-Shai | Yaniv Dinovitch | Yehoshua Gurtler | Zvi Appel | Yotam Blaushild |
Yaacov Sharvit | Nir Raber | Dan Sharot | Yael Chervinsky Edan | Chen Moyal |
Alon Sahar | Boaz Mizrahi | Itai Sarfaty | Gilad Shay | Keren Gichaz |
Eliot Sacks | Harriet Finn | Shachar Porat | Roi Hayun | Gilit Mantinband |
Baruch Katzman | Jay K. Kupietzky | Amir Peres | Irma Tschernia Shepper | Yael Zelnik |
David Zailer | Alon Ziv | Elad Shaul | Simcha Koevary | Michal Pereg |
Neil Wilkof | Ofir Segev | Ofer Granot | Eran Plaschkes | Shahar Levi |
Mark Phillips | Ran Hai | Moshe Yaacov | Maayan Hammer-Tzeelon | Erez Nahum |
Adam Eytan | Ronen Reingold | Gal Schwartz | Chen Luzzatto | Yana Slotsnik |
Orly Gerbi | Haya Ehrman | Ran Kedem | Tseela Yurkevich | Tomer Farkash |
Moshe Hardi | Tal Dror Schwimmer | Ra’anan Sagi | Limor Shechter | Maor Roth |
Gilad Wekselman | Shai Kagan | Revital Katz | Lev Zigman | Hagar Ohayon |
Yossi Ashkenazi | Chagai Vered | Yair Geva | Noa Landau Bar-Ner | Maya Hausfater |
Gil White | Gilad Majerowicz | Eran Wagner | Uriel Mozes | Yael Citro |
Anthony Leibler | Yuval Navot | Orit Strauss | Tsouriel Picard | Zara Gold |
Eldad Chamam | Irit Roth | Nachi Kurizki | Amir Shmueli | Sahar Regev |
Ilanit Landesman Yogev | Jeffrey Berk | Dana Gal-Altbauer | Tamar Fefer-Solomon | Niva Dimor |
Limor Hodir | Tal Even-Zahav | Ronen Hausirer | Elad Wieder | Lior Bechar |
Ory Nacht | Nahshon Axelrad | Hen Tirosh | Ilana Berman | Einav Hodor |
Maya Racine Netser | Tzachi Schwartz | Racheli Pry-Reichman | Taly Secundo Zabary | Elad Travis |
Esther Sternbach | Ruth Bergwerk | Gilad Neeman | Tamar Bachar | Omer Yaniv |
Roni Libster | Shira Margalit -Elbaz | Ifat Pagis-Gelman | Hila Leibovitz | Nadav Yariv |
Karen L. Elburg | Ron Ben-Menachem | Eyal Orgad | Guy Altagar | Jenia Melkhior |
Hanan Haviv | Tamara Tapoohi Waldman | Ayelet Regavim-Kahanov | Nir Gal | Shir Sudak |
James Franks | Efrat Ben-Eliezer | Efrat Raveh Bashan | Avishay Addad | Karin Fried |
Liat Shaked-Katz | Hanna Bilavsky | Noa Margalit | Tzvi-David Bernstein | Tal Avigdory |
Ruth Dagan | Efrat Ziv | Noa Foucks | Ohad Elkaslassy | Yehonatan Ohayon |
September 21, 2011
Mellanox Technologies, Ltd.
Hermon Bldg., Industrial Area
Yokneam, Israel
Dear Sirs,
Re: Registration Statement No. 333-176913 on Form S-3; 3,450,000 ordinary shares of nominal value NIS 0.0175 per share
Ladies and Gentlemen:
1. We have acted as Israeli counsel for Mellanox Technologies, Ltd., a company incorporated under the laws of Israel (the “Company”), in connection with the issuance of 3,450,000 ordinary shares of the Company of nominal value NIS 0.0175 per share (the “Shares”). The Shares are included in a registration statement on Form S-3 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on September 19, 2011 (Registration No. 333-176913) (as amended, the “Registration Statement”), a base prospectus dated September 19, 2011 (the “Base Prospectus”), a preliminary prospectus supplement dated September 19, 2011 filed with the Commission pursuant to Rule 424(b) under the Act (together with the Base Prospectus, the “Preliminary Prospectus”), a prospectus supplement dated September 20, 2011 filed with the Commission pursuant to Rule 424(b) under the Act (together with the Preliminary Prospectus, the “Prospectus”), and an underwriting agreement dated September 20, 2011 between J. P. Morgan Securities LLC as representative of the several Underwriters named in Schedule 1 thereto, and the Company (the “Underwriting Agreement”).
This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of
the Registration Statement or the Prospectus, other than as expressly stated herein with respect to the issue of the Shares.
2. As such counsel, we have examined such matters of fact and questions of Israeli law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters.
We have based our opinion upon our review of the following records, documents and instruments:
i. |
| a copy of the certificate of incorporation of the Company; |
ii. |
| a copy of the Articles of Association of the Company confirmed to us by an officer of the Company as the current Articles of Association of the Company (the “Articles of Association”); |
iii. |
| a certificate signed by the corporate secretary of the Company confirming adoption of, and setting forth therein, the resolutions adopted by the board of directors of the Company (the “Board”) on August 2, 2011 (the “Resolutions”); |
iv. |
| an executed copy of the Underwriting Agreement; and |
v. |
| such other records, documents and instruments as we may have considered necessary or desirable to examine in order that we may render this opinion. |
3. Our opinion is rendered subject to the following qualifications, limitations and assumptions:
i. |
| the genuineness of all signatures on all documents and the completeness, authenticity and the conformity to original documents, of all copies submitted to us; |
ii. |
| the correctness of all facts stated in the Registration Statement; |
iii. |
| that the copy of the Articles of Association submitted to us for examination is a true, complete and up-to-date copy; |
iv. |
| that the copies of the Resolutions submitted to us for examination are true, complete and up-to-date copies, have not been amended or rescinded and are in full force and effect and no other action has been taken which may affect any of the matters passed upon in the Resolutions; |
v. |
| all acts, conditions or things required to be fulfilled, performed or effected in connection with the issuance of the Shares under the laws of any jurisdiction (other than Israel) will be duly fulfilled, performed and complied with; |
vi. |
| there are no provisions of the laws of any jurisdiction (other than the laws of Israel) which will be contravened by the issuance of the Shares, and none of the opinions expressed herein will be affected by the laws (including, without limitation, the public policy) of any jurisdiction outside of Israel, and insofar as the laws of any jurisdiction outside of Israel may be relevant, such laws have been or will be complied with; |
vii. |
| all applicable consents, approvals, authorizations, licenses, exemptions or orders required from any applicable governmental or other regulatory authorities and all other requirements for the legality, validity and enforceability of the issuance of the Shares (other than any requirements under the laws of Israel) have been (and have not been withdrawn) or will be duly obtained or fulfilled, and are (and will remain) in full force and effect, and that any conditions to which they are subject have been (or will be) satisfied; |
viii. |
| that any Shares issued in Israel will be issued under a valid exemption from the requirement to publish a prospectus under the Israeli Securities Authority. |
4. We are opining herein as to the Israeli law and we express no opinion with respect to any other laws. This opinion is also given on the basis that we undertake no responsibility to notify any person of any change in the laws of the State of Israel after the date of this opinion. Additionally, we are not obliged to update this opinion to reflect any legal or legislative developments, or other changes to law or fact, arising after the date of this opinion.
5. Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, the Shares have been duly authorized by all necessary corporate action of the Company and,
when the Shares shall have been duly issued and paid for in accordance with the terms of the Underwriting Agreement, the Shares will be validly issued, fully paid and nonassessable.
6. This opinion is for your benefit in connection with the Registration Statement and the Prospectus and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Company’s Form 8-K dated September 21, 2011 and to the reference to our firm in the Prospectus under the heading “Legal Matters.” In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.
Yours faithfully
/s/Herzog Fox & Neeman
HERZOG FOX & NEEMAN