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EXHIBIT 5
[HALE AND DORR LLP LETTERHEAD]
August 15, 2000
SatCon Technology Corporation
161 First Street
Cambridge, Massachusetts 02142
Re: 1999 STOCK INCENTIVE PLAN
Ladies and Gentlemen:
We have assisted in the preparation of a Registration Statement on Form
S-8 (the "Registration Statement") to be filed with the Securities and Exchange
Commission under the Securities Act of 1933, as amended (the "Securities Act"),
relating to 1,500,000 shares of common stock, $0.01 par value per share (the
"Common Stock"), of SatCon Technology Corporation, a Delaware corporation (the
"Company"), issuable under the Company's 1999 Stock Incentive Plan (the "Plan")
and 216,000 shares of the Company's Common Stock issuable upon exercise of stock
options granted outside of the Plan (collectively, the "Shares").
We have examined the Certificate of Incorporation and the Bylaws of the
Company, each as amended to date, and originals, or copies certified to our
satisfaction, of all pertinent records of the meetings of the directors and
stockholders of the Company, the Registration Statement and such other documents
relating to the Company as we have deemed material for the purposes of this
opinion.
In our examination of the foregoing documents, we have assumed the
genuineness of all signatures, the authenticity of all documents submitted to us
as originals, the conformity to original documents of all documents submitted to
us as copies, the authenticity of the originals of such latter documents and the
legal competence of all signatories to such documents.
We assume that the appropriate action will be taken, prior to the offer
and sale of the Shares in accordance with the Plan, to register and qualify the
Shares for sale under all applicable state securities or "blue sky" laws.
BOSTON NEW YORK WASHINGTON RESTON LONDON* OXFORD*
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HALE AND DORR LLP INCLUDES PROFESSIONAL CORPORATIONS
* AN INDEPENDENT JOINT VENTURE LAW FIRM
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SatCon Technology Corporation
August 15, 2000
Page 2
We express no opinion herein as to the laws of any state or
jurisdiction other than the state laws of The Commonwealth of Massachusetts, the
Delaware General Corporation Law statute and the federal laws of the United
States of America.
Based upon and subject to the foregoing, we are of the opinion that the
Shares have been duly authorized for issuance and, when the Shares are issued
and paid for in accordance with the terms and conditions of the Plan, the Shares
will be validly issued, fully paid and nonassessable.
It is understood that this opinion is to be used only in connection
with the offer and sale of the Shares while the Registration Statement is in
effect.
Please note that we are opining only as to the matters expressly set
forth herein, and no opinion should be inferred as to any other matters.
We hereby consent to the filing of this opinion with the Commission as
an exhibit to the Registration Statement in accordance with the requirements of
Item 601(b)(5) of Regulation S-K under the Securities Act. In giving such
consent, we do not hereby admit that we are in the category of persons whose
consent is required under Section 7 of the Securities Act or the rules and
regulations of the Commission.
Very truly yours,
/s/ HALE AND DORR LLP
HALE AND DORR LLP
