Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 84

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 84
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 be liable to account to the company for any profit that accrues to the director or senior officer under or as a result
of a contract or transaction in which the director or senior officer holds a disclosable interest, unless the contract or transaction
is: (i) approved by the other non-interested directors (unless all directors have a disclosable interest) or by a special resolution
of the shareholders, after the nature and extent of the disclosable interest has been disclosed to the directors or shareholders, as
applicable, or (ii) the contract or transaction was entered into before the individual became a director or senior officer, the
disclosable interest was disclosed to the other directors or shareholders and the director or senior officer who holds the disclosable
interest does not vote on any decision or resolution touching on the contract or transaction. Directors and senior officers are also
required to comply with certain other relevant provisions of the BCBCA regarding conflicts of interest. A director who holds such disclosable
interest in respect of any material contract or transaction into which the company has entered or propose to enter may be required to
absent himself or herself from the meeting while discussions and voting with respect to the matter are taking place.

Directors’ power to determine the remuneration
of directors. The remuneration of our directors, if any, may be determined by our directors subject to our Articles. The remuneration
may be in addition to any salary or other remuneration paid to any of our employees (including executive officers) who are also directors.

Number of shares required to be owned by a director.
Our Articles do not and the BCBCA does not provide that a director is required to hold any of Common Shares as a qualification for holding
his or her office.

Shareholder Meetings

Subject to applicable exchange requirements,
and the BCBCA, we will have to hold a general meeting of our shareholders at least once every year at a time and place determined by
our board of directors, provided that the meeting must not be held later than 15 months after the preceding annual general meeting, unless
an extension is obtained. A meeting of our shareholders may be held anywhere in or outside British Columbia. The board of directors may
also determine that shareholders may attend a meeting of shareholders by means of telephone, electronic or other communications facilities
that permit all participants to communicate with each other during the meeting.

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A notice to convene a meeting, specifying the