Sun Communities, Inc.
April 12, 2022
Page 2
(iv) the Company’s preliminary prospectus supplement, dated April 5, 2022, as filed by the Company with the Commission pursuant to Rule 424(b) under the Securities Act on April 5, 2022 (the “Preliminary Prospectus Supplement”);
(v) the Company’s final prospectus supplement, dated April 5, 2022, as filed by the Company with the Commission pursuant to Rule 424(b) under the Securities Act on April 6, 2022 (the “Final Prospectus Supplement”);
(vi) the charter of the Company, certified on the date hereof as being a true, correct, and complete copy thereof by the Chief Financial Officer and Secretary of the Company;
(vii) the Third Amended and Restated Bylaws of the Company, certified on the date hereof as being a true, correct, and complete copy thereof by the Chief Financial Officer and Secretary of the Company;
(viii) the written consent of the Board of Directors of the Company pursuant to which the Board of Directors adopted resolutions with respect to, among other things, the Supplemental Indenture, the filing of prospectus supplements, and the transactions contemplated thereby, and the written consent of the Public Offering Pricing Committee of the Board of Directors setting the terms and conditions of the Notes, each certified on the date hereof as being a true, correct, and complete copy thereof by the Chief Financial Officer and Secretary of the Company;
(ix) the Fourth Amended and Restated Agreement of Limited Partnership of SCOLP, as amended, as currently in effect, certified on the date hereof as being a true, correct, and complete copy thereof by the Chief Financial Officer and Secretary of the Company;
(x) a copy of each fully-executed global note, dated as of April 12, 2022, registered in the name of The Depository Trust Company’s nominee Cede & Co., representing the Notes (the “Global Notes”);
(xi) a certificate of the Company regarding certain matters related to, among other things, the Indenture, the Registration Statement, the Preliminary Prospectus Supplement, the Final Prospectus Supplement, and certain other factual matters (the “Certificate”);
(xii) a certificate of the Maryland State Department of Assessments and Taxation (“SDAT”) dated April 11, 2022, to the effect that the Company is duly incorporated and existing under the laws of the State of Maryland and is in good standing and duly authorized to transact business in the State of Maryland (the “Good Standing Certificate”); and
(xiii) such other documents, corporate records, and instruments as we have deemed necessary and appropriate, in our professional judgment, to render this opinion letter, subject to the limitations, assumptions, and qualifications contained herein.