Document

附錄 5.1


			140 斯科特大道
			加利福尼亞州門洛帕克 94025
			電話：+1.650.328.4600 傳真：+1.650.463.2600
			www.lw.com

			公司/附屬辦公室
			奧斯汀			米蘭
			北京			慕尼黑
			波士頓			紐約
			布魯塞爾			奧蘭治縣
			世紀城			巴黎
			芝加哥			利雅得
			迪拜			聖地亞哥
			塞爾多夫			舊金山
			法蘭克福			首爾
			漢堡			硅谷
			香港			新加坡
			休斯頓			特拉維夫
			倫敦			東京
			洛杉磯			華盛頓特區
			馬德里

2024年10月24日

Joby Aviation, Inc.

333 Encinal Street

Santa Cruz, California 95060

關於：Form S-3登記聲明書

致上述收件人:

我們已經擔任Joby Aviation, Inc.的特別法律顧問，該公司是一家特拉華州的公司（"公司”），在此之日向證券交易委員會（以下簡稱“委員會:”）提交3表格的註冊聲明書（經修訂的註冊聲明書統稱“蘋果公司CEO庫克大規模拋售股票，套現逾3億港元，資金已存入上市公司設立的專項帳戶(「信託帳戶」)，以公共股東(定義詳見下文)爲受益人的註冊聲明(FORM S-1)中所規定的一定金額及特定款項。信託帳戶中持有的基金類型(包括資金持有的利息)除支付公司稅費以外，一旦實現以下最早的情況之一即可支取: (i) 完成首次（業務）組合；(ii) 如果公司未能在2025年3月3日之前完成首次（業務）組合，則可以贖回100%的發行股份（如下所述）；或 (iii) 股東表決贖回發行股份。若要批准修訂本Amended and Restated Certificate，必須就修訂對決定最早如下情形之一的公司的義務以在首次業務組合中允許贖回或未在終止日期之前完成首次業務組合即贖回100%的發行股份產生影響或涉及股東權益或首次業務組合前的活動（如第9.7節所述），對修訂進行表決。發售期(「發售期」)所出售單位的組成部分的Common Stock股份的持有人(「發售股份」)，不論這些發售股份是在發售期內還是在發售市場上的二級市場中購買，也不論這些持有人是公司的發起人，高管或董事，或上述任何關聯方的子公司，均在此被稱爲「公共股東」。基礎說明書（以下簡稱「基礎說明書」）基本展望書該公司將補充一份或多份招股說明書（每份招股說明書與基準說明書一起構成“招股書根據1933年修正版證券法案（「」）的規定，與由公司發行的上述股票或證券相關的註冊（「」）行動與公司發行和出售的公司普通股（每股面值$0.0001）（“普通股），公司偏好股之一或多個系列股（每股面值$0.0001）（“優先股公司一系列或多系列無面值的優先股票債務證券。將由公司作爲發行人與威明頓信託公司，作爲受託人之間簽訂的一項證券託管協議（其中一種表格包含在《註冊聲明》的展示4.5中），以及一項或多項關於適用系列債務證券的董事會決議、補充文件或相關主管的證書（該託管協議與適用的董事會決議、補充文件或主管的證書一起，稱爲“適用協議書）；（iv）託管股份（“存托股份”），（v）認股權證（「warrants」），（vi）認購合同（“權證），（vi）購買合同（購買合同），（vii）份額（單位）和（viii）認購權（認購權）和（b）公司某些證券持有人不時轉讓普通股份轉售股份）。普通股、優先股、債券、存托股票、認股權證、認購合約、單位、認購權和轉售股票在本文中統稱“證券.”

本意見是根據《證券法》下S-k法規的規定601(b)(5)項目的要求提供的，並且在此未表達與註冊聲明內容或相關申請的擬定內容有關的任何意見，除非在此明確說明有關證券發行的事宜。

2024年10月24日

第2頁

作爲律師，我們已經審查了對本函的目的認爲適當的事實和法律問題。在您的同意下，我們已經依賴公司和其他人員的證書和其他保證，關於事實問題，而不獨立驗證這些事實。我們在此作出陳述，涉及特拉華州《總公司法》（"特拉華州公司法並且針對以下第3至第8段所述觀點，我們依新約克州內部法律表達意見，並不對其他司法管轄區的法律適用性或對其產生的影響，或特別是對特拉華州的法律或其他法律，或對任何市政法律事項或任何州內地方機構的法律表達意見。

除上述事項和本意見其他所列事項外，我們認爲截至本意見的日期：

1. 當公司的所有必要企業行動已經被授權，根據適用招股說明書中規定的方式，將不低於其面值的數量發行、交付和支付普通股時，並通過這種企業行動，以不超過( a )公司章程可利用的總股數和( b )在與適用招股說明書中規定的發行有關董事會授權的總股數，這些普通股將被有效發行，全額支付且不須額外徵稅。在提出前述意見時，我們假設公司將遵守DGCL中關於未背書股票的所有適用通知要求。

2. 當一系列優先股已根據公司章程的規定通過了所有必要的公司行動，並且按照適用招股說明書的規定發行、交付和支付其面值以上的金額，以及通過相關公司行動確定的總數及股份數，不超過（a）公司章程規定的可用數量和（b）董事會在適用招股說明書所示發售計劃中授權的數量和股份，該系列優先股的股份將被有效發行、全額支付且無須追加責任。在提供上述意見時，我們已假定公司將遵守DGCL中關於非憑證股的所有適用通知要求。

3. 當適用的契約已經經公司的所有必要法定操作授權、簽署和交付，並且特定系列的債務證券的具體條款已經根據適用契約的條款得到妥善確定，並經公司的所有必要法定操作授權，並且這些債務證券已經按照適用契約的條款與適用招股意向書規定的方式經過妥善簽署、認證、發行和交付，並且通過這種公司行動，這些債務證券將是公司的合法有效且具有約束力的債務，根據其條款對公司有約束力。

2024年10月24日

第3頁

4. 當適用的存入資金協議已經得到公司所有必要的公司決議的授權、簽署和交付，而且具體的存托股份發行條款已經按照適用的存入資金協議條款得到規定，在公司所有必要的公司決議的授權下得以設立，而且這些存托股份已經按照適用的存入資金協議條款被完整簽署、認證、發行和交付，所有這一切要符合適用招股文件規定的方式和公司行爲的方式（假定基礎證券已經有效發行並存放在存託機構處），這些存托股份將成爲公司的具有法律效力的有效和有約束力的義務，並且可依據其條款對公司進行強制執行。

5. When the applicable warrant agreement has been duly authorized, executed and delivered by all necessary corporate action of the Company, and when the specific terms of a particular issuance of Warrants have been duly established in accordance with the terms of the applicable warrant agreement and authorized by all necessary corporate action of the Company, and such Warrants have been duly executed, authenticated, issued and delivered against payment therefor in accordance with the terms of the applicable warrant agreement and in the manner contemplated by the applicable Prospectus and by such corporate action (assuming the securities issuable upon exercise of such Warrants have been duly authorized and reserved for issuance by all necessary corporate action), such Warrants will be the legally valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.

6. When the applicable purchase contract agreement has been duly authorized, executed and delivered by all necessary corporate action of the Company, and when the specific terms of a particular issuance of Purchase Contracts have been duly authorized in accordance with the terms of the applicable purchase contract agreement and authorized by all necessary corporate action of the Company, and such Purchase Contracts have been duly executed, authenticated, issued and delivered against payment therefor in accordance with the terms of the applicable purchase contract agreement and in the manner contemplated by the applicable Prospectus and by such corporate action (assuming the securities issuable under such Purchase Contracts have been duly authorized and reserved for issuance by all necessary corporate action), such Purchase Contracts will be the legally valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.

7. When the applicable unit agreement has been duly authorized, executed and delivered by all necessary corporate action of the Company, and when the specific terms of a particular issuance of Units have been duly authorized in accordance with the terms of the applicable unit agreement and authorized by all necessary corporate action of the Company, and such Units have been duly executed, authenticated, issued and delivered against payment therefor in accordance with the terms of the applicable unit agreement and in the manner contemplated by the applicable Prospectus and by such corporate action (assuming the securities issuable upon exercise of such Units have been duly

October 24, 2024

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authorized and reserved for issuance by all necessary corporate action), such Units will be the legally valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.

8. When the applicable subscription rights agreement has been duly authorized, executed and delivered by all necessary corporate action of the Company, and when the specific terms of a particular issuance of Subscription Rights have been duly authorized in accordance with the terms of the applicable subscription rights agreement and authorized by all necessary corporate action of the Company, and such Subscription Rights have been duly executed, authenticated, issued and delivered against payment therefor in accordance with the terms of the applicable subscription rights agreement and in the manner contemplated by the applicable Prospectus and by such corporate action (assuming the securities issuable under such Subscription Rights have been duly authorized and reserved for issuance by all necessary corporate action), such Subscription Rights will be the legally valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.

9. When an issuance of Resale Shares has been duly authorized by all necessary corporate action of the Company, upon issuance, delivery and payment therefor in an amount not less than the par value thereof in the manner contemplated by such corporate action, and in total amounts and numbers of shares that do not exceed the respective total amounts and numbers of shares (a) available under the certificate of incorporation and (b) authorized by the board of directors in connection with the issuance of such Resale Shares, such Resale Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the DGCL.

Our opinions are subject to: (i) the effect of bankruptcy, insolvency, reorganization, preference, fraudulent transfer, moratorium or other similar laws relating to or affecting the rights and remedies of creditors; (ii) (a) the effect of general principles of equity, whether considered in a proceeding in equity or at law (including the possible unavailability of specific performance or injunctive relief), (b) concepts of materiality, reasonableness, good faith and fair dealing and (c) the discretion of the court before which a proceeding is brought; and (iii) the invalidity under certain circumstances under law or court decisions of provisions providing for the indemnification of or contribution to a party with respect to a liability where such indemnification or contribution is contrary to public policy. We express no opinion as to (a) any provision for liquidated damages, default interest, late charges, monetary penalties, make-whole premiums or other economic remedies to the extent such provisions are deemed to constitute a penalty, (b) consents to, or restrictions upon, governing law, jurisdiction, venue, arbitration, remedies or judicial relief, (c) waivers of rights or defenses, (d) any provision requiring the payment of attorneys’ fees, where such payment is contrary to law or public policy, (e) any provision permitting, upon acceleration of any Debt Securities, collection of that portion of the stated principal amount thereof which might be determined to constitute unearned interest thereon, (f) the creation, validity, attachment, perfection or priority of any lien or security interest, (g) advance waivers of claims, defenses, rights granted by law, or notice, opportunity for

October 24, 2024

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hearing, evidentiary requirements, statutes of limitation, trial by jury or at law, or other procedural rights, (h) waivers of broadly or vaguely stated rights, (i) provisions for exclusivity, election or cumulation of rights or remedies, (j) provisions authorizing or validating conclusive or discretionary determinations, (k) grants of setoff rights, (l) proxies, powers and trusts, (m) provisions prohibiting, restricting or requiring consent to assignment or transfer of any right or property, (n) any provision to the extent it requires that a claim with respect to a security denominated in other than U.S. dollars (or a judgment in respect of such a claim) be converted into U.S. dollars at a rate of exchange at a particular date, to the extent applicable law otherwise provides and (o) the severability, if invalid, of provisions to the foregoing effect.

With your consent, we have assumed (i) that each of the Debt Securities, Depositary Shares, Warrants, Purchase Contracts, Units and Subscription Rights, and the Applicable Indenture, deposit agreements, warrant agreements, purchase contract agreements, unit agreements and subscription agreements governing such Securities (collectively, the “Documents”) will be governed by the internal laws of the State of New York, (ii) that each of the Documents has been or will be duly authorized, executed and delivered by the parties thereto, (iii) that each of the Documents constitutes or will constitute legally valid and binding obligations of the parties thereto other than the Company, enforceable against each of them in accordance with their respective terms and (iv) that the status of each of the Documents as legally valid and binding obligations of the parties will not be affected by any (a) breaches of, or defaults under, agreements or instruments, (b) violations of statutes, rules, regulations or court or governmental orders or (c) failures to obtain required consents, approvals or authorizations from, or to make required registrations, declarations or filings with, governmental authorities.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement and to the reference to our firm contained in the Prospectus under the heading “Legal Matters.” In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

Sincerely,

/s/ Latham & Watkins LLP