Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 135

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 135
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 of the general
public, on payment of a nominal fee, can obtain copies of the public records of a company available at the office of the Registrar which
will include the company’s certificate of incorporation, its memorandum and articles of association (with any amendments) and records
of license fees paid to date and will also disclose any articles of dissolution, articles of merger and a register of charges if the company
has elected to file such a register.

A member of a company is entitled, on giving written
notice to the company, to inspect:

  the memorandum and articles;  

  the register of members;  

  the register of directors; and  

  the minutes of meetings and resolutions of members and of those classes of members of which he is a member; and to make copies of or take extracts from the documents and records referred to in ...  

Subject to our Amended and Restated Memorandum
and Articles of Association, the directors may, if they are satisfied that it would be contrary to the company’s interests to allow
a member to inspect any document, or part of a document, specified in (b), (c) or (d) above, refuse to permit the member to inspect the
document or limit the inspection of the document, including limiting the making of copies or the taking of extracts from the records.

Where a company fails or refuses to permit a member
to inspect a document or permits a member to inspect a document subject to limitations, that member may apply to the British Virgin Islands
Court for an order that he should be permitted to inspect the document or to inspect the document without limitation.

Transactions with Interested Shareholders

Delaware corporate law contains a business combination
statute applicable to Delaware public corporations whereby, unless the corporation has specifically elected not to be governed by such
statute by amendment to its certificate of incorporation, it is prohibited from engaging in certain business combinations with an “interested
shareholder” for three years following the date that such person becomes an interested shareholder. An interested shareholder generally
is a person or group who or that owns or owned 15% or more of the target’s outstanding voting stock within the past three years.
This has the effect of limiting the ability of a potential acquirer to make a two-tiered bid for the target in which all shareholders
would not be treated equally. The statute does not apply if, among other things, prior to the date on which such shareholder becomes an
interested shareholder, the board of directors approves either the business combination or the transaction that resulted