EX-5.1 2 v238901_ex5-1.htm EXHIBIT 5.1 Unassociated Document
 
Menachem Tulchinsky, Adv.
Doron Stern, Adv.
Amir Levitski, Adv.
David Cohen, Adv.
Isaac Marciano, Adv. (C.P.A.)
Yossi Ratnovsky, Adv. (C.P.A.)
Alon Tabak, Adv. *
Daniel Chinn, Adv.
Baruch Perl, Adv.
Glenn (Gershon) Shalom-Winter, Adv.*
Uriel Barak, Adv.*
Asaf Ben-Zeev, Adv.
Assaf Benmelech, Adv.
Ayelet Broditzky, Adv.
Michal Markovitz-Blachar, Adv.
Hadas Poraz, Adv.
Dafna Achiam, Adv.
Liat Sass, Adv.
Lana Tavor, Adv.
Galia Suesskind-Spiegel, Adv.
Alon Karniel, Adv.
Ofer Dolinsky, Adv.
Talya Michaelson, Adv.
Shimrit Lifshitz-Shachal, Adv.
Efrat Shuster, Adv.
Avital Mandel, Adv.
Shira Avnat, Adv.
Uri Nesher, Adv.
Amit Hirsch, Adv.
Tamar Nesher, Adv.
Efrat Almog, Adv.
Jonathan Manor, Adv.
Aviad Avergil, Adv.
Pinhas Yair Bartal, Adv.
Ilanit Levi-Avrahami, Adv.
Liron Levi-Gabay, Adv.
Elad Mirvis, Adv.
גליה  זיסקינד-שפיגל,  עו"ד
אלון  קרניאל,  עו"ד
עופר  דולינסקי,  עו"ד
טליה מייקלסון, עו"ד
שימרית  ליפשיץ-שחל,  עו"ד
אפרת שוסטר, עו"ד
אביטל מנדל, עו"ד
שירה אבנת, עו"ד
אורי נשר, עו"ד
עמית הירש, עו"ד
תמר נשר, עו"ד
אפרת אלמוג, עו"ד
יהונתן מנור, עו"ד
אביעד אברגיל, עו"ד
פנחס יאיר ברטל, עו"ד
אילנית לוי-אברהמי, עו"ד
לירון לוי-גבאי, עו"ד
אלעד מירוויס, עו"ד
מנחם  טולצ'ינסקי,  עו"ד
דורון  שטרן,  עו"ד
אמיר לויצקי, עו"ד
דיויד  כהן,  עו"ד
יצחק  מרציאנו,  עו"ד  (רו"ח(
יוסי  רטנובסקי,  עו"ד  (רו"ח(
אלון  טבק,  עו"ד *
דניאל צ'ין, עו"ד
ברוך  פרל,  עו"ד
גרשון  שלום-וינטר,  עו"ד *
אוריאל  ברק,  עו"ד *
אסף  בן-זאב,  עו"ד
אסף בנמלך, עו"ד
אילת ברודיצקי, עו"ד
מיכל  מרקוביץ-בלשר,  עו"ד
הדס  פורז,  עו"ד
דפנה אחיעם, עו"ד
ליאת סאס, עו"ד
לנה  תבור,  עו"ד
 
*Member of the N.Y. Bar Association

November 2, 2011

To:

Rosetta Genomics Ltd.
10 Plaut Street
Rehovot 76706
Israel

Ladies and Gentlemen:

We refer to the Registration Statement on Form F-3 (the Registration Statement) to be filed by Rosetta Genomics Ltd., a company organized under the laws of the State of Israel (the Company) with the United States Securities and Exchange Commission relating to the disposition from time to time under the United States Securities Act of 1933, as amended (the Act), of (i) up to 2,025,001 ordinary shares (the Shares), nominal value NIS 0.04 each, of the Company (the Ordinary Shares) held by certain selling shareholders (the Selling Shareholders), which Shares were issued to the Selling Shareholders by the Company pursuant to that certain Securities Purchase Agreement, dated as of October 13, 2011, between the Company and the Selling Shareholders (the Purchase Agreement) and (ii) up to an additional 3,037,503 Ordinary Shares issuable upon exercise of certain warrants (the Warrants) issued to the Selling Shareholders pursuant to the Purchase Agreement (the Warrant Shares).
 
In connection with this opinion, we have examined originals or copies, certified or otherwise identified to our satisfaction, of such agreements, certificates, and other statements of corporate officers and other representatives of the Company, and other documents provided to us by the Company, and such other documents and corporate records, questions of law and other matters as we deemed necessary or appropriate in order to enable us to express the opinions hereinafter set forth. As to matters of fact relevant to our opinion, we have relied exclusively, without independent investigation or verification, upon the Purchase Agreement, the other documents referred to hereinabove, and upon matters of fact contained in the representations and warranties contained in such documents.
 
 
 

 
 
 
In rendering an opinion on the matters hereinafter set forth, we have assumed the authenticity and completeness of all documents submitted to us as originals, the conformity to original documents of all photocopies, conformed copies or facsimiles submitted to us, the genuineness of all signatures and the legal capacity and due authenticity of all persons executing such documents. We have assumed the same to have been properly given and to be accurate, and we have assumed the truth of all facts communicated to us by the Company, and have assumed that all consents, minutes and protocols of meetings of the Company's board of directors and shareholders which have been provided to us are true, accurate and have been properly prepared in accordance with the Company's incorporation documents and all applicable laws.
 
In connection herewith, we have assumed that, other than with respect to the Company, all of the documents referred to in this opinion letter have been duly authorized by, have been duly executed and delivered by, and constitute the valid, binding and enforceable obligations of, all of the parties to such documents, all of the signatories to such documents have been duly authorized and all such parties are duly organized and validly existing and have the power and authority (corporate or other) to execute, deliver and perform such documents.
 
Except to the extent expressly set forth herein, we have not undertaken any independent investigation to determine the existence or absence of any fact, nor examined the records of courts, administrative tribunals, or any other similar entity in connection with our opinions expressed herein, and no inference as to our knowledge of the existence or absence of any fact should be drawn from our representation of the Company or the rendering of the opinions set forth below.
 
This opinion is limited to the matters stated herein and no opinion is implied or may be inferred beyond the matters expressly stated herein.
 
We are members of the Israel Bar 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 jurisdiction other than the laws of Israel. The opinions set forth herein are made as of the date hereof and are subject to, and may be limited by, future changes in the factual matters set forth herein, and we undertake no duty to advise you of the same. 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 these opinions should such law be changed by legislative action, judicial decision or otherwise. In rendering our opinions, we have not considered, and hereby disclaim any opinion as to, the application or impact of any laws, cases, decisions, rules or regulations of any jurisdiction, court or administrative agency other than those of the State of Israel.
 
Based upon and subject to the foregoing, and subject to the assumptions, comments, qualifications, limitations and exceptions stated herein, we are of the opinion that:
 
1.  
The Shares issued and sold by the Company to the Selling Shareholders in accordance with the Purchase Agreement are duly authorized, validly issued, fully paid and non-assessable.
 
2.  
The Warrant Shares when issued and paid for (or deemed paid for) upon exercise of the Warrants in accordance with the terms thereof, will be duly authorized, validly issued, fully paid and non-assessable.
 
We hereby consent to the filing of this opinion with the United States Securities and Exchange Commission as an exhibit to the Registration Statement and the reference to our firm in the section of the Registration Statement entitled "Legal Matters". By giving our consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Act, or the rules and regulations promulgated thereunder.
 
This opinion shall be governed by the laws of the State of Israel, and exclusive jurisdiction with respect thereto under all and any circumstances, and under all and any proceedings shall be vested only and exclusively with the courts of Tel Aviv in the State of Israel. This opinion is rendered to you subject to, based and in reliance on your agreement to comply with the exclusive choice of law and jurisdiction contained herein and to refrain under all and any circumstances from initiating any proceedings or taking any legal action relating to this opinion outside of the State of Israel.
 
 
 

 
 
 
This opinion is being delivered to you solely for your information in connection with the above matter and may not be relied upon in any manner by any other person and is not to be used, circulated, quoted or otherwise referred to for any other purpose without our express written permission.


Yours sincerely,

/s/ David Cohen

Tulchinsky Stern Marciano Cohen, Levitski & Co.,
Law Offices