<SEC-DOCUMENT>0001144204-13-068187.txt : 20140228
<SEC-HEADER>0001144204-13-068187.hdr.sgml : 20140228
<ACCEPTANCE-DATETIME>20131219162218
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001144204-13-068187
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20131219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGIC SOFTWARE ENTERPRISES LTD
		CENTRAL INDEX KEY:			0000876779
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				330477418
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		5 HAPLADA STREET
		CITY:			OR YEHUDA ISRAEL
		STATE:			L3
		ZIP:			60218
		BUSINESS PHONE:		97235389322

	MAIL ADDRESS:	
		STREET 1:		5 HAPLADA STREET
		CITY:			OR YEHUDA ISRAEL
		STATE:			L3
		ZIP:			60218
</SEC-HEADER>
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<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Magic Software Enterprises Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Letterhead</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">December 19, 2013</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Gabriel Eckstein</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: normal 10pt Times New Roman, Times, Serif; border-collapse: collapse; text-decoration: none">
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    <TD STYLE="width: 2in; padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">&nbsp;</FONT></TD>
    <TD STYLE="width: 0.5in; padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">Re:</FONT></TD>
    <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; text-decoration: none"><FONT STYLE="font-weight: normal; font-style: normal">Magic
    Software Enterprises Ltd.</FONT></TD></TR>
<TR STYLE="font: normal 10pt Times New Roman, Times, Serif; text-decoration: none">
    <TD STYLE="padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">Registration
    Statement on Form F-3,</FONT></TD></TR>
<TR STYLE="font: normal 10pt Times New Roman, Times, Serif; text-decoration: none">
    <TD STYLE="padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">Filed
    November 8, 2013</FONT></TD></TR>
<TR STYLE="font: normal 10pt Times New Roman, Times, Serif; text-decoration: none">
    <TD STYLE="padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0; text-decoration: none; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-weight: normal; font-style: normal">File
    No. 333-192241</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Mr. Eckstein:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Set forth below are the responses of Magic
Software Enterprises Ltd. (the &ldquo;Company&rdquo;) to the comments of the staff of the Securities and Exchange Commission (the
&ldquo;Staff&rdquo;) regarding Registration Statement on Form F-3 that was filed on November 8, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The paragraphs below are numbered to correspond
to the Staff&rsquo;s comments as set forth in the Staff&rsquo;s letter dated November 18, 2013. In each instance, we have repeated
the Staff&rsquo;s comment in italics and set forth our response in plain type below the relevant comment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><U>Fee Table</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>1. On the prospectus cover page, you
state that you may offer units to the public from time to time. Further, the units are described beginning on page 22 of your prospectus.
The fee table, however, does not include units among the securities that you are registering. Please reconcile.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><U>Response</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The fee table has been revised to include
a reference to the units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><U>Exhibit 5.1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>2. The legal opinion that you provide
does not address the subscription rights or the units. Please provide an appropriately expanded opinion in an amendment.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><U>Response</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The legal opinion has been revised to address
the subscription rights and the units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>3. The legal opinion is limited to Israeli
law. We note, however that Section 5.e. of the Form of Warrant in exhibit 4.4, which you incorporate by reference from the Form
6-K filed December 23, 2010, indicates that it will be governed by New York law. In addition, section 112 of the Indenture in exhibit
4.5 states that it shall be governed and construed in accordance with the laws of the State of New York. Because debt securities,
warrants, and rights are contractual obligations issued pursuant to agreements, you must provide an opinion under the law of the
jurisdiction governing these instruments. For guidance, you may wish to refer to Staff Legal Bulletin No. 19 (October 14, 2011).
Please submit an opinion that addresses pertinent legal matters under New York law, as applicable to securities in your proposed
offering.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><U>Response</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have submitted the opinion of our U.S.
counsel, Carter Ledyard &amp; Milburn LLP, that addresses the pertinent legal matters under New York law with respect to the proposed
offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If you have any questions as to the contents
of this letter, please contact our counsel, Steven J. Glusband at (212) 238-8605.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Thank you for your assistance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="padding: 0; text-indent: 0; width: 58%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0; width: 42%">Very truly yours,</TD></TR>
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    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
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    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">/s/Guy Bernstein</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Guy Bernstein.</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">AB:gb</P>

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