Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 156

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 156
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 one of the purposes for which the special meeting was called was the election of directors.

Under the Advance Notice Provisions, a shareholder
wishing to nominate a director would be required to provide us notice, in the prescribed form, within the prescribed time periods. These
time periods include, (i) in the case of an annual meeting of shareholders (including annual and special meetings), not less than
30 days prior to the date of the annual meeting of shareholders; provided, that if the first public announcement of the date of the annual
meeting of shareholders, referred to herein as the Notice Date, is less than 50 days before the meeting date, not later than the close
of business on the 10th day following the Notice Date; and (ii) in the case of a special meeting (which is not also an annual meeting)
of shareholders called for any purpose which includes electing directors, not later than the close of business on the 15th day following
the Notice Date.

These provisions could have the effect of delaying
until the next shareholder meeting the nomination of certain persons for director that are favored by the holders of a majority of our
outstanding voting securities.

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Forum Selection

The notice of articles and articles include a
forum selection provision that provides that, unless we consent in writing to the selection of an alternative forum, the Supreme Court
of British Columbia, Canada and the appellate courts therefrom, are the sole and exclusive forum for (i) any derivative action or
proceeding brought on our behalf; (ii) any action or proceeding asserting a claim of breach of a fiduciary duty owed by any of our
directors, officers, or other employees to our company; (iii) any action or proceeding asserting a claim arising pursuant to any
provision of the BCBCA or the notice of articles and articles (as each may be amended from time to time); or (iv) any action or proceeding
asserting a claim otherwise related to the relationships among us, our affiliates and our respective shareholders, directors and/or officers,
but excluding claims related to our business or of such affiliates. The forum selection provision also provides that our securityholders
are deemed to have consented to personal jurisdiction in the Province of British Columbia and to service of process on their counsel in
any foreign action initiated in violation of the foregoing provisions. This provision does not apply to suits brought to enforce any duty
or liability created by the Securities Act or the Exchange Act