Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 125

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 125
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 memorandum and articles of association of the Company;  
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  viii.      purchase or otherwise acquire all or any part of the assets or business of, or Equity Interests or other evidences of beneficial ownership of, invest in or participate in any joint venture, par...  

  ix.      other than to the Company or a wholly-owned subsidiary thereof, sell, license, transfer or otherwise dispose of (including through merger or consolidation) any assets or properties of the Compa...  

  other than loans to wholly-owned subsidiaries, (A) extend any credit or make any loans to any Person, (B) incur, assume, guarantee, endorse or otherwise become responsible for indebtedness, or ...  

  xi.      appoint or remove the Chief Executive Officer of the Company;  

  xii.      enter into any Affiliate Transactions (as defined in the Amended and Restated Memorandum and Articles of Association);  
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  xiii.      amend, change or waive any of the actions of the Company described in the Fifth Amended and Restated Articles of Association or the required voting threshold specified herein; and  
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  xiv.      agree or commit to do any of the foregoing, or delegate any of the foregoing to the Company or any of its subsidiaries or any officer or agent of the Company or subsidiary thereof.  

The rights granted to the Principal Shareholders
are in addition to and not intended to limit in any way the rights that the Principal Shareholders or any of their affiliates may have
to appoint, elect or remove our directors under our Amended and Restated Memorandum and Articles of Association or laws of the British
Virgin Islands.

Pre-emptive Rights of the Principal Shareholders

Newegg Inc., Digital Grid, the Principal Shareholders
and we agreed to enter into the Amended Shareholders Agreement, pursuant to which we agreed to assume all of the rights and obligations
of Newegg Inc. under the original Shareholders Agreement.

Under the Amended Shareholders Agreement, the
Principal Shareholders have pre-emptive rights to acquire additional shares when the Company issues or sells additional securities in
the future, except for the “excluded issuance” as defined in the Amended Share