Exhibit 5.1
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Brad Eastman Senior Vice President and General Counsel |
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October 25, 2019
RigNet, Inc.
15115 Park Row Boulevard, Suite 300
Houston, Texas 77084
Ladies and Gentlemen:
I am the Senior Vice President and General Counsel of RigNet, Inc. (“RigNet”), and am issuing this opinion in connection with Post-Effective Amendment No. 1 (the “Amendment”) to the registration statement on Form S-8 (Registration No. 333-211471) (the “Registration Statement”) filed by RigNet with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Act”).
The Registration Statement registered up to 1,000,000 shares of RigNet common stock, par value $0.001 per share (the “Shares”), issuable pursuant to awards granted under the RigNet, Inc. 2010 Omnibus Stock Incentive Plan (the “2010 Plan”).
The Amendment reflects that a portion of the Shares registered under the Registration Statement (which were previously available for issuance under the 2010 Plan but were unissued as of May 8, 2019 (the “Unused Shares), plus the number of Shares underlying any awards granted under the 2010 Plan that are not delivered in settlement of such awards on account of cancellation, termination, expiration, forfeiture or lapse for any reason (in whole or in part) or the settlement in cash or other consideration (in lieu of Shares) of such awards after May 8, 2019 (the “Carryover Shares”)) will become available for issuance under RigNet, Inc. 2019 Omnibus Incentive Plan (the “2019” Plan”) pursuant to awards granted under the 2019 Plan.
For purposes of this opinion, I have assumed the authenticity of all documents submitted to me as originals, the conformity to the originals of all documents submitted to me as copies and the authenticity of the originals of all documents submitted to me as copies. I have also assumed the legal capacity of all the natural persons, the geniuses of the signatures of persons signing all documents in connection with which this opinion is rendered, the authority of such persons signing on behalf of the parties thereto and the due authorization, execution and delivery of all documents by the parties thereto other than RigNet. I have not independently established or verified any facts relevant to the opinion expressed herein, but have relied upon statements and representations of other officers and other representatives of RigNet and others as to factual matters.
Based on the foregoing, I am of the opinion that the Unused Shares and the Carryover Shares have been duly authorized for issuance by RigNet, and when issued in accordance with the terms of the 2019 Plan and the relevant award agreements, the Shares will be legally issued, fully paid and nonassessable.
The opinions set forth herein are limited to the General Corporation Law of the State of Delaware.
I hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement and to the reference to me under “Item 5. Interests of Named Experts and Counsel” in the Registration Statement. In giving such consent, I do not admit that I come within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.
This opinion is limited to the specific issues addressed herein, and no opinion may be inferred or implied beyond that expressly stated herein. This opinion is furnished to you in connection with the filing on the Registration Statement.
| Very truly yours
RigNet, Inc. |
| /s/ Brad Eastman |
| Brad Eastman |
15115 PARK ROW BLVD., SUITE 300, HOUSTON, TEXAS 77084 P: 281.674.0100 F: 281.674.0101 http://www.rig.net