Company: FEAV
Filing Date: 2025-02-03
Form Type: DEF 14A
Source: 0000950170-25-012391
Chunk: 486

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-03
Form: DEF 14A
Chunk 486
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, and otherwise without regard to any of the limitations on exercise in the Warrants), BEP shall be entitled to designate (and the Company shall be required to appoint and/or nominate for election at any annual or special meeting of shareholders (or action by written consent) for the election of directors to the Board of Directors) two (2) individuals to the Board of Directors (such individual, the “ BEP Director ”) and (ii) at any time when BEP beneficially owns (as defined under Section 13 of the Exchange Act) at least ten percent (10%) of the outstanding shares of Common Stock (including any shares of Common Stock previously issued or issuable to BEP in connection with its exercise of Warrants, and otherwise without regard to any of the limitations on exercise in the Warrants), BEP shall be entitled to designate (and the Company shall be required to appoint and/or nominate for election at any annual or special meeting of shareholders (or action by written consent) for the election of directors to the Board of Directors) one BEP Director, provided, however, that from the date of this Agreement to the Closing Date, BEP shall be entitled to designate (and the Company shall be required to appoint and/or nominate for election at any annual or special meeting of shareholders (or action by written consent) for the election of directors to the Board of Directors) only one (1) individual to the Board of Directors. Subject to the Company’s certificate of incorporation and bylaws and applicable law, a BEP Director may be removed at any time (with or without cause) upon the written request of BEP. In the event that a vacancy is created on the Board of Directors at any time due to the death, disability, retirement, resignation, or removal of a BEP Director, then BEP shall have the right to designate an individual to fill such vacancy and, subject to (i) the Company’s certificate of incorporation and bylaws and applicable law and (ii) completion by the Company of its customary due diligence process for director nominees (including a review of a completed questionnaire and background check), the Company shall promptly appoint such person to fill such vacancy and in any event, within no later than three (3) days of BEP’s designation; provided, that the parties shall agree in good faith to extend such date as reasonably necessary to the extent any proposed person is not qualified to serve under the rules and regulations of the Trading Market or is subject to any of the “bad actor” disqualifications described in