Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 67

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 67
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 such transaction results in a change of
control), which could adversely affect holders of debt securities.

Events of Default Under the Indenture

The following are events of default under the indentures with respect
to any series of debt securities that we may issue:

| ● | if we fail to pay interest when due and our failure continues           
 for 90 days and the time for payment has not been extended or deferred; |

| ● | if we fail to pay the principal, or premium, if any, when due 
 and the time for payment has not been extended or delayed;    |

| ● | if we fail to observe or perform                                                                 
 any other covenant set forth in the debt securities of such series or the applicable indentures, 
 other than a covenant specifically relating to and for the benefit of holders of another         
 series of debt securities, and our failure continues for 90 days after we receive written        
 notice from the debenture trustee or holders of not less than a majority in aggregate principal  
 amount of the outstanding debt securities of the applicable series; and                          |

| ● | if specified events of bankruptcy, insolvency or reorganization 
 occur as to us.                                                 |

No event of default with respect to a particular
series of debt securities (except as to certain events of bankruptcy, insolvency or reorganization) necessarily constitutes an event
of default with respect to any other series of debt securities. The occurrence of an event of default may constitute an event of default
under any bank credit agreements we may have in existence from time to time. In addition, the occurrence of certain events of default
or an acceleration under the indenture may constitute an event of default under certain of our other indebtedness outstanding from time
to time.

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If an event of default with respect to debt securities
of any series at the time outstanding occurs and is continuing, then the trustee or the holders of not less than a majority in principal
amount of the outstanding debt securities of that series may, by a notice in writing to us (and to the debenture trustee if given by
the holders), declare to be due and payable immediately the principal (or, if the debt securities of that series are discount securities,
that portion of the principal amount as may be specified in the terms of that series) of and premium and accrued and unpaid interest,
if any, on all debt securities of that series. Before a judgment or decree for payment of the money due has been obtained with respect
to debt securities