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Exhibit 5.1
OPINION AND CONSENT OF COUNSEL
September 6, 2000
Airspan Networks Inc.
Cambridge House, Oxford Road
Uxbridge, Middlesex UB8 1UN England
Re: Registration Statement on Form S-8 of Airspan Networks Inc.
Ladies and Gentlemen:
We have acted as counsel to Airspan Networks Inc. (the "Company") in
connection with the filing of the above-referenced Registration Statement (the
"Registration Statement") relating to the registration of shares (the "Shares")
of Common Stock, $0.0003 par value per share, of the Company that may be issued
pursuant to the Airspan Networks Inc. 1998 Stock Option and Restricted Stock
Plan (the "Plan").
In connection therewith, we have reviewed the Company's Articles of
Incorporation, Bylaws and minutes of appropriate meetings, and we are familiar
with the proceedings to date with respect to the Plan and the proposed issuance
of the Shares and have examined such records, documents and questions of law,
and have satisfied ourselves as to such matters of fact, as we have considered
relevant and necessary as a basis for this opinion.
Based on the foregoing, it is our opinion that:
1. The Company is duly incorporated and validly existing under the laws
of the State of Washington.
2. The Shares, as and when acquired in accordance with the terms and
conditions of the Plan, will be legally issued, fully paid and non-assessable
under the Washington Business Corporation Act when certificates representing the
Shares shall have been duly executed, countersigned and registered and duly
delivered to the purchasers thereof against payment of the agreed consideration
therefor.
We do not find it necessary for the purposes of this opinion to cover, and
accordingly we express no opinion as to, the application of the securities or
blue sky laws of the various states to the issuance of the Shares.
We hereby consent to the filing of this opinion as an exhibit to the
Registration Statement and to all references to our firm included in or made a
part of the Registration Statement.
Very truly yours,
Preston Gates & Ellis LLP
By \s\ C. Kent Carlson
C. Kent Carlson
