September 23, 2020
Qurate Retail, Inc.
12300 Liberty Boulevard
Englewood, CO 80112
| Re: | Qurate Retail, Inc. Registration Statement on Form S-8 |
Ladies and Gentlemen:
This opinion is being furnished in connection with the filing by Qurate Retail, Inc., a Delaware corporation (the “Company”), with the Securities and Exchange Commission of a Registration Statement on Form S-8 (the “Registration Statement”) under the Securities Act of 1933, as amended (the “Securities Act”). The Company has requested our opinion concerning the status under Delaware law of the 4,551,873 shares of the Company’s Series A common stock, par value $0.01 per share (the “Series A Common Stock”), included in the Registration Statement, the 954,018 shares of the Company’s Series B common stock, par value $0.01 per share (“Series B Common Stock”), included in the Registration Statement, and the 407,497 shares of the Company’s 8.0% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), included in the Registration Statement (the shares of Series A Common Stock, Series B Common Stock and Series A Preferred Stock included in the Registration Statement, the “Shares”), that may be issued, as applicable, pursuant to the terms of the Qurate Retail, Inc. 2007 Incentive Plan (As Amended and Restated Effective November 7, 2011), as amended, the Qurate Retail, Inc. 2010 Incentive Plan (As Amended and Restated Effective November 7, 2011), as amended, the Qurate Retail, Inc. 2012 Incentive Plan (Amended and Restated as of March 31, 2015), as amended, the Qurate Retail, Inc. 2016 Omnibus Incentive Plan, as amended, the Qurate Retail, Inc. 2020 Omnibus Incentive Plan, the HSN, Inc. Second Amended and Restated 2008 Stock and Annual Incentive Plan, the HSN, Inc. 2017 Omnibus Incentive Plan and the zulily, inc. 2013 Equity Plan (collectively, the “Plans”).
For purposes of our opinion, we have examined and are familiar with originals or copies, certified or otherwise identified to our satisfaction, of the following documents:
| 1. | Restated Certificate of Incorporation of the Company, as currently in effect; |
| 2. | Certificate of Designations of 8.0% Series A Cumulative Redeemable Preferred Stock of the Company, as currently in effect; |
| 3. | Amended and Restated Bylaws of the Company, as currently in effect; |