|
(e) |
the forms of the global certificate of the Notes (the Global Certificate);
|
|
(f) |
a copy of the power of attorney, dated September 2, 2016, executed by the President & Group CEO of the
Issuer, by way of affixing his seal as a Representative Executive Officer, authorizing each of the persons named therein to execute and deliver, in the name and on behalf of the Issuer, inter alia, the Indenture; |
|
(g) |
a copy of the power of attorney, dated June 21, 2024 (the Power of Attorney), executed
by Mr. Masahiro Kihara, President & Group CEO of the Issuer, by way of affixing his seal as a Representative Executive Officer, authorizing each of the persons named therein to execute and deliver, in the name and on behalf of the
Issuer, inter alia, the Underwriting Agreement and the Global Certificate; and |
|
(h) |
a certificate of seal registration of the Issuer. |
We have also examined such certificates and corporate documents of the Issuer and such other matters, documents and records, and considered
such questions of the laws of Japan, as we have deemed necessary or appropriate for the purpose of rendering the opinion hereinafter set forth.
Having examined the above documents and having regard to the laws of Japan which we deem relevant, and subject to the assumptions and
qualifications specified herein, we are of the opinion that:
The Notes, when payment for the Notes has been duly made in full in
accordance with the Underwriting Agreement, and when the Global Certificates have been duly signed on behalf of the Issuer by a Representative Executive Officer of the Issuer or persons named in the Power of Attorney, duly authenticated and
delivered in accordance with the terms of the Underwriting Agreement, the Indenture and the Notes, and assuming that the Notes will constitute valid and legally binding obligations of the Issuer enforceable in accordance with their terms under their
governing law, to which they are subject and as to which we render no opinion, will constitute valid and legally binding obligations of the Issuer enforceable in accordance with their terms.
We have assumed, for the purpose of rendering this opinion, that (i) all signatures or seal impressions on any documents we reviewed are
true and genuine; (ii) all documents submitted to us as originals are authentic and complete; (iii) all documents submitted to us as copies are complete and conform to the originals thereof that are authentic and complete; (iv) all
documents submitted to us as forms are executed in such forms; (v) statements included, expressly or impliedly, in the documents, record and certificate of the Issuer or public officials are true and conform to the relevant facts thereof;
(vi) all natural person-signatories who have executed or delivered the Underwriting Agreement, the Indenture and other documents related thereto on behalf of the relevant parties thereto have and had at the relevant times the sufficient and
competent legal capacity to take such actions; (vii) each party (other than the Issuer) to each of the Underwriting Agreement, the Indenture and other relevant documents is an entity duly organized, validly existing and, where applicable, in
good standing under the laws of the jurisdiction of its organization, and has full and complete power and authority (corporate or otherwise) to execute and deliver, and to perform its obligations under, such document; (viii) each of the
Underwriting Agreement, the Indenture and other relevant documents is within the capacity and powers of and has been duly authorized by all the parties thereto (other than the Issuer); (ix) each of the Underwriting Agreement, the Indenture and other
relevant documents has been duly executed and delivered by all the parties thereto (other than the Issuer); (x) nothing in the applicable law of any jurisdiction other than Japan would conflict with, or preclude the performance, legality, validity,
effectiveness or enforcement of, the Notes and the Underwriting Agreement, the Indenture and other relevant documents; and (xi) the Underwriting Agreement, the Indenture and other relevant documents are legal, valid and binding on the parties
thereto and enforceable in accordance with their respective terms under their respective governing laws (other than the laws of Japan). We have not independently verified any of the matters referred to in (i) through (xi) above.
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