{"id":43844,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/opinion-letter-outside-counsel-s-8-registered-securities11.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"opinion-letter-outside-counsel-s-8-registered-securities11","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/securities\/opinion-letter-outside-counsel-s-8-registered-securities11.html","title":{"rendered":"Opinion Letter &#8211; Outside Counsel &#8211; S-8 Registered Securities &#8211; Office Depot, Inc."},"content":{"rendered":"<p>October 25, 2011<\/p>\n<p>Board of Directors <br \/>\nOffice Depot, Inc. <br \/>\n6600 North Military Trail <br \/>\nBoca Raton, FL 33496<\/p>\n<p>Ladies and Gentlemen:<\/p>\n<p>We are acting as counsel to Office Depot, Inc., a Delaware corporation (the<br \/>\n&#8220;<strong>Company<\/strong>&#8220;), in connection with its registration statement on<br \/>\nForm S-8 (the &#8220;<strong>Registration Statement<\/strong>&#8220;), filed with the<br \/>\nSecurities and Exchange Commission under the Securities Act of 1933, as amended<br \/>\n(the &#8220;<strong>Act<\/strong>&#8220;) relating to the registration of 24,000,000 shares<br \/>\nof the common stock, par value $0.01 per share (the &#8220;<strong>Common<br \/>\nStock<\/strong>&#8220;) of the Company (the &#8220;<strong>Shares<\/strong>&#8220;), issuable under<br \/>\nthe Office Depot, Inc. 2007 Long-Term Incentive Plan (the &#8220;<u>Plan<\/u>&#8220;) as a<br \/>\nresult of the Amendment to the Plan dated April 21, 2011. This opinion letter is<br \/>\nfurnished to you at your request to enable you to fulfill the requirements of<br \/>\nItem 601(b)(5) of Regulation S-K, 17 C.F.R.  \u00a7 229.601(b)(5), in connection with<br \/>\nthe Registration Statement.<\/p>\n<p>For purposes of this opinion letter, we have examined copies of such<br \/>\nagreements, instruments and documents as we have deemed an appropriate basis on<br \/>\nwhich to render the opinions hereinafter expressed. In our examination of the<br \/>\naforesaid documents, we have assumed the genuineness of all signatures, the<br \/>\nlegal capacity of all natural persons, the accuracy and completeness of all<br \/>\ndocuments submitted to us, the authenticity of all original documents, and the<br \/>\nconformity to authentic original documents of all documents submitted to us as<br \/>\ncopies (including telecopies). As to all matters of fact, we have relied on the<br \/>\nrepresentations and statements of fact made in the documents so reviewed, and we<br \/>\nhave not independently established the facts so relied on. This opinion letter<br \/>\nis given, and all statements herein are made, in the context of the foregoing.\n<\/p>\n<p>This opinion letter is based as to matters of law solely on the Delaware<br \/>\nGeneral Corporation Law, as amended. We express no opinion herein as to any<br \/>\nother laws, statutes, ordinances, rules, or regulations. As used herein, the<br \/>\nterm &#8220;Delaware General Corporation Law, as amended&#8221; includes the statutory<br \/>\nprovisions contained therein, all applicable provisions of the Delaware<br \/>\nConstitution and reported judicial decisions interpreting these laws.<\/p>\n<p>Based upon, subject to and limited by the foregoing, we are of the opinion<br \/>\nthat following the issuance of the Shares pursuant to the terms of the Plan and<br \/>\nany applicable award agreements under the Plan, the Shares will be validly<br \/>\nissued, fully paid, and nonassessable.<\/p>\n<p>This opinion letter has been prepared for use in connection with the<br \/>\nRegistration Statement. We assume no obligation to advise you of any changes in<br \/>\nthe foregoing subsequent to the effective date of the Registration Statement.\n<\/p>\n<p>We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the<br \/>\nRegistration Statement. In giving this consent, we do not thereby admit that we<br \/>\nare an &#8220;expert&#8221; within the meaning of the Securities Act of 1933, as amended.\n<\/p>\n<p>Very truly yours,<\/p>\n<p>\/s\/ HOGAN LOVELLS US LLP<\/p>\n<p>HOGAN LOVELLS US LLP<\/p>\n<\/p><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8401],"corporate_contracts_industries":[9501],"corporate_contracts_types":[9629],"class_list":["post-43844","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-office-depot-inc","corporate_contracts_industries-retail__misc","corporate_contracts_types-securities"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/43844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=43844"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=43844"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=43844"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=43844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}