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Wilson Sonsini Goodrich & Rosati
Professional Corporation
1881 9th Street, Suite 110
Boulder, CO 80302
o: 303-256-5900
f: 866.974.7329
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February 21, 2023
Chemomab Therapeutics Ltd.
Kiryat Atidim, Building 7
Tel Aviv, 6158002,
Israel
Re: Registration Statement on Form S-1
Ladies and Gentlemen:
This opinion is furnished to you in connection with the Registration Statement on Form S-1, as amended (the “Registration Statement”), filed by Chemomab Therapeutics Ltd. (the “Company”)
with the Securities and Exchange Commission (the “Commission”) on the date hereof in connection with the registration under the Securities Act of 1933, as
amended (the “Securities Act”), of the offer and resale of 7,614,212 American Depositary Shares (the “ADSs”), each representing twenty (20) of the Company’s ordinary shares (the “Shares”), no par value per share,
together with warrants (“Warrants”), with each Warrant to purchase one ADS accompanying each ADS.
We are acting as counsel for the Company in connection with the registration of the Shares for offer and resale. As
such counsel, we have made such legal and factual examinations and inquiries as we have deemed necessary or advisable for the purpose of rendering the opinions and statements set forth below. In rendering the opinions and statements expressed
below, we have examined originals or copies, certified or otherwise identified to our satisfaction, of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary for the purposes of
rendering this opinion.
In addition, we have reviewed originals or copies of such corporate records of the Company, certificates of public
officials, a certificate of an officer of the Company as to factual matters and such other documents which we consider necessary or advisable for the purpose of rendering the opinions set forth below. We have not independently established the facts
stated therein.
In our examination, we have assumed
the genuineness of all signatures, the authenticity and completeness of all documents submitted to us as originals, the conformity with the originals of all documents submitted to us as copies, the authenticity of the originals of such documents
and the legal competence of all signatories to such documents. We have also assumed the authority of such persons signing on behalf of the parties thereto other than the Company and the due authorization, execution and delivery of all
documents by the parties thereto other than the Company. We have also assumed the conformity of the documents filed with the Commission via the
Electronic Data Gathering, Analysis and Retrieval System (“EDGAR”), except for required EDGAR formatting changes, to physical copies submitted for our
examination and the absence of any evidence extrinsic to the provisions of the written agreements between the parties that the parties intended a meaning contrary to that expressed by those provisions.
On the basis of the foregoing, we are of the opinion that the Shares are duly authorized, validly issued, fully
paid and nonassessable. It is understood that this opinion is to be used only in connection with the offer and resale of the Shares while the Registration Statement is in effect. We assume no obligation to supplement this opinion if any applicable
law changes after the date hereof or if we become aware of any fact that might change the opinion expressed herein after the date hereof. We express no opinion as to the laws of any other jurisdiction, other than the federal laws of the United
States of America and the General Corporation Law of the State of Delaware.
We consent to the use of this opinion as an exhibit to the Registration Statement, and we consent to the reference
of our name under the caption “Legal Matters” in the prospectus forming part of the Registration Statement.
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Very truly yours,
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/s/ Wilson Sonsini Goodrich & Rosati
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WILSON SONSINI GOODRICH & ROSATI
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Professional Corporation
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AUSTIN BEIJING BOSTON BRUSSELS HONG KONG LONDON LOS ANGELES
NEW YORK PALO ALTO
SAN DIEGO SAN FRANCISCO SEATTLE SHANGHAI WASHINGTON, DC WILMINGTON, DE