Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 154

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 154
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 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
date, time and location of the meeting, and, where a meeting is to consider special business, the general nature of the special business,
among other things, must be sent to each shareholder entitled to attend the meeting and to each director and the auditors, so long that
the company is a public company, not less than 21 days and no more than two months prior to the meeting, although, as a result of applicable
securities laws, the minimum time for notice is effectively longer in most circumstances. Under the BCBCA, shareholders entitled to notice
of a meeting may waive or reduce the period of notice for that meeting, provided applicable securities laws are met. The accidental omission
to send notice of any meeting of shareholders to, or the non-receipt of any notice by, any person entitled to notice does not invalidate
any proceedings at that meeting.

A quorum for meetings of shareholders is present
if at least two shareholders who, in the aggregate, hold at least 5% of the issued shares entitled to vote at the meeting, are present
in person or represented by proxy at