Document:

Exhibit 10.5

 

	DISTRICT OFFICE	LAW OFFICES OF	MONACO OFFICE
	1915 EYE ST NW	DAVID E. PRICE, PC	SUITE #1, 17 BLVD DE SUISSE
	WASHINGTON, DC 20006	#3 BETHESDA METRO CENTRE	MONACO 98000 
	 	SUITE 700	 
	LONDON OFFICE	BETHESDA, MD 20814	ISRAEL OFFICE
	ONE GREAT CUMBERLAND PLACE	---------	DIAMOND TOWER, 28TH FLOOR
	MARBLE ARCH, LONDON, W1H7AL	Tel (202) 536-5191	3A JABOTINSKI RD., RAMAT-GAN 52520
	 	 	 
	 	TopTier.eu	 

 

October 15th, 2019

 

YAII PN, Ltd.

c/o Yorkville Advisors Global, LP

1012 Springfield Avenue

Mountainside, New Jersey 07092

 

Re: Seedo Corp.

 

Ladies and Gentlemen:

 

We have acted
as counsel to Seedo Corp., a Delaware corporation (the “Company”), in connection with the offering and sale by the Company
of up to $1,100,000 of unsecured Convertible Debentures of the Company (the “Debentures” and the “Offering”).
which Debentures are convertible into shares of common stock (the “Shares”). The Offering is subject to the terms
and conditions of the Securities Purchase Agreement (the “SPA”) dated between the Company and YAII PN, LTD. (the “Investor”).
This letter is being furnished pursuant to Section 7(a)(v) of the SPA and is delivered in connection with the fulfillment of one
of the conditions precedent to the obligations of the Investor to invest in the Offering. Certain capitalized terms used in this
letter without definition are used in this letter as defined in the SPA.

 

As counsel, we
have made such legal and factual examinations and inquiries of such of the Company’s officers and directors as we have deemed advisable
or necessary for the purpose of rendering this opinion. In addition, we have examined, among other things, originals or copies
of such corporate records of the Company, certificates from officers and directors of the Company, certificates of public officials
(including. without limitation, certificates of “good standing” issued prior to the date hereof by the Secretary of State
of the State of Delaware regarding the existence and good standing of the Company as a corporation under the laws of the State
of Delaware) and such other documents that we consider necessary or advisable for the purpose of rendering this opinion including,
without limitation, the following documents:

 

1.
A fully executed copy of the SPA, including, without limitation, the exhibits thereto and representations and warranties
of the Company contained therein;

 

2.
A copy of the Articles of Incorporation, and any amendments thereto, of the Company (the “Articles of Incorporation”);

 

3.
A copy of the Bylaws of the Company (the “Bylaws”);

 

4.
A Stamped copy of Good Standing by the State of Delaware.

 

    

     

    

 

5.
Copies of the resolutions adopted by the Board of Directors of the Company authorizing this transaction, executed
15th October, 2019.

 

6. A
certificate of the Chief Executive Officer of the Company relating to inter alia. (i) the execution and delivery of the SPA and
all documents incident thereto and (ii) all factual matters necessary to enable us to render the opinion set forth herein (the
“Certificate”), a copy of which is attached hereto as Exhibit A; and

 

7. Copies
of all other certificates and documents delivered by the Company and the Investor in connection with the closing of the Offering.

 

We have also examined
originals or copies, certified or otherwise identified to our satisfaction, of such further records of the Company and such further
agreements, certificates of public officials, certificates of officers or representatives of the Company, and other documents.
certificates and records, and made such investigations of law, as we have deemed necessary or appropriate for purposes of the opinions
set forth herein.

 

In such examination
we have assumed (i) the genuineness of all signatures on original documents, records. certificates, agreements and instruments
or copies thereof (ii) the legal capacity of natural persons executing documents, records, certificates, agreements and instruments,
(iii) the authenticity and completeness of all documents, records, agreements and instruments submitted to us as originals, and
(iv) the conformity to original documents, records, agreements and instruments of all photocopies, facsimile copies and conformed
copies of such documents, records, agreements and instruments submitted to us as copies thereof. We have also assumed that all
documents, records, agreements and instruments examined by us (including, without limitation, the SPA) to which you are a party
have been duly authorized, executed and delivered by you and any other parties (other than the Company) and constitute the legal.
valid and binding obligations of you and any other parties (other than the Company) enforceable against such parties in accordance
with their terms.

 

As to facts material
to this opinion, we have, without independent investigation, relied upon the accuracy of certificates of public officials and certificates
of directors, officers or other representatives of the Company. We have assumed the correctness of all statements of fact contained
in these documents, records and instruments. As used in this opinion, the expression “to our knowledge” or “to the
best of our knowledge” refers to the current actual knowledge of facts or information known to those attorneys of this firm
who have given substantive legal attention to the transactions contemplated by the SPA without conducting any independent investigation,
a docket search or search of other records of any court, administrative tribunal or similar entity relating to such matters.

 

For purposes of
this opinion, we have assumed the representations and warranties made by the Company in the SPA (including, without limitation,
the schedules, exhibits and attachments thereto) and all other information contained in the SPA are true and correct in all respects,
and we do aver that we have no current actual knowledge of facts that would give us a reasonable basis to believe that such assumption
is unwarranted.

 

    

     

    

 

We have relied
upon the Certificate with respect to factual matters relevant to this opinion.

 

In connection
with our opinion relating to the agreements and instruments identified in the Certificate, we have not reviewed, and express no
opinion on, (i) financial covenants or similar provisions requiring financial calculations or determinations to ascertain compliance,
(ii) provisions relating to the occurrence of a “material adverse event” or words of similar import, or (iii) parole
evidence bearing on interpretation or construction.

 

We have also assumed,
without verification, that, with respect to the minutes of all meetings of the Company’s Board of Directors or any committees thereof
that we have examined, due notice of the meeting was given or duly waived, the minutes accurately and completely reflect all actions
taken at the meeting and a quorum was present and acting throughout each meeting.

 

I am admitted to practice
law in the State of Maryland; United States District Court (District of Maryland); Court of Appeals, District of Columbia; United
States District Court for the District of Columbia; United States Court of Appeals, 4th Circuit; Supreme Court of the
United States and all Federal Courts of the District of Columbia. I express no opinion as to the laws of any jurisdiction except
for those of Maryland, Washington, DC, and the Federal securities laws as administered by the SEC referred to herein. For the purposes
of rendering this opinion, I have assumed that if a Court applies the laws of a jurisdiction other than the laws of Maryland or
the District of Columbia, the laws of such other jurisdiction are identical in all material respects to the comparable laws of
the State of Maryland and the District.

 

Our advice on each
legal issue addressed in this letter represents our opinion of how that issue would be resolved by the highest court of the jurisdiction
upon whose law our opinion on that issue is based. The manner in which any particular issue would be treated in any actual court
case could depend in part on facts and circumstances particular to the case, and this letter is not intended to guarantee the outcome
of any legal dispute which may arise in the future.

 

This letter is
limited to the matters stated herein, and no opinion is implied or may be inferred beyond the matters expressly stated. We assume
herein no obligation, and hereby disclaim any obligation, to make any inquiry after the date hereof or to advise you of any future
changes in the foregoing or of any fact or circumstance that may hereafter come to our attention.

 

Based solely upon
the foregoing and subject to the foregoing limitations and qualifications, it is our opinion that the shares have been duly authorized
and, when issued, delivered and paid for by the Investor in accordance with the terms or the SPA, will be validly issued, fully
paid and nonassessable. This opinion is furnished only to the Investor pursuant to Section 7(a)(v) of the SPA and is solely for
your benefit in connection with the closing occurring today and the offering of the shares of the Company’s common stock,
when issued upon conversion of the convertible debenture will be validly issued.

 

    

     

    

 

Without our prior
written consent, this opinion may not be used, circulated, quoted or otherwise referred to for any purpose or relied upon by, or
assigned to, any other person for any purpose, including any other person that acquires the shares or that seeks to assert your
rights in respect of this opinion. We disclaim any obligation to advise you of any developments in areas covered by this opinion
that occur alter the date of this opinion.

 

Should you have any questions or comments,
please do feel free to contact me at any time.

 

		Sincerely
    yours,
	 	 
	 	
	 	 
	 	David E.
    Price, Esq.
		 
	DEP/mc
    	 
	cc:
    Board of Dirs.Exhibit 10.6

 

THE
BOARD OF DIRECTORS

 

OF

 

SEEDO
CORP.

  

The
following is a true copy of the resolution duly adopted by the Board of Directors of this Corporation at a special meeting, notice
to this meeting having been waived, held on this 15th day of October, 2019.

 

The
Board of Directors which was present for this meeting & took active part therein was:

 

Zohar
Levy

Micha
Maman

Jendayi
Frazer

Pninat
Yanay

  

WHEREAS
there has been presented to and considered by this meeting a Motion to enter into a certain Convertible Debenture, Securities
Purchase Agreement and ancillary agreements (collectively, the “Agreements”) with YA PN Ltd.;

 

NOW
THEREFORE BE IT RESOLVED that the corporation having considered this matter, has opened the floor to all those who voice a preference
in the issue, that said Loan Agreement is deemed to be in the financial interest of the company, and pursuant to DGCL §141,
the majority of Directors has RESOLVED:

 

To
EXECUTE and said Agreement and shall executed the same.

 

Said
Motion is hereby passed and the corporate books, records and the Secretary shall file this Resolution in the corporate records

 

	DATED:
                           15th October, 2019

	 	 
	 	 	 
	/s/
Zohar Levy	 	 
	Zohar
        Levy, Director, CEO

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