April 5, 2017
In such examination, we have assumed the
genuineness of all signatures and the authenticity of all items submitted to us as originals and the conformity with originals
of all items submitted to us as copies.
Based on the foregoing, and subject to the
further assumptions and qualifications set forth below, it is our opinion that, when the ADSs are issued in accordance with the
Deposit Agreement against the deposit of duly authorized, validly issued, fully paid and non-assessable Ordinary Shares, such ADSs
will be duly and validly issued and will entitle the holders thereof to the rights specified therein.
Please note that we are opining only as
to the matters expressly set forth herein, that no opinion should be inferred as to any other matter. We are opining herein as
to the New York Business Corporation Law as in effect on the date hereof, and we express no opinion with respect to any other laws,
rules or regulations. This opinion is based upon currently existing laws, rules, regulations and judicial decisions, and we disclaim
any obligation to advise you of any change in any of these sources of law or subsequent legal or factual developments which might
affect any matters or opinions set forth herein. In rendering the foregoing opinions, we have relied, for matters involving Israeli
law, solely on the opinion of Yigal Arnon & Co., Tel-Aviv, Israel.
This opinion is being rendered solely in
connection with the registration of the offering and sale of the ADSs, pursuant to the registration requirements of the Securities
We hereby consent to the use of this opinion
as Exhibit 5.2 to the Company’s Current Report on Form 6-K to be filed with the Commission on or about April 5, 2017, which
will be incorporated by reference in the Registration Statement, and to the reference to us under the caption “Legal Matters”
in the prospectus included in the Registration Statement. In giving such consent, we do not hereby admit that we are acting within
the category of persons whose consent is required under Section 7 of the Securities Act or the rules or regulations of the Commission
Very truly yours,
/s/ Morrison & Foerster LLP