Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 129

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 129
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 only be varied, whether or not the Company is in liquidation, by a resolution passed at
a meeting by a majority of the votes cast by those entitled to vote at a meeting of the holders of the issued shares in that class.

Meetings

Any action required or permitted to be taken by
the shareholders may be effected at a duly called annual or special meeting of the shareholders entitled to vote on such action. An action
that may be taken by the shareholders at a meeting (other than the election of Directors) may also be taken by a resolution of shareholders
consented to in writing, without the need for any notice, but if any resolution of shareholders is adopted otherwise than by the unanimous
written consent of all shareholders, a copy of such resolution shall forthwith be sent to all shareholders not consenting to such resolution.
All meetings of shareholders (whether annual or special) will be held on such dates and at such places as may be fixed from time to time
by the directors. The Company is not required to hold an annual general meeting in any calendar year. However, where so determined by
the directors of the Company, an annual general meeting shall be held once in each calendar year at such date and time as may be determined
by the directors of the Company.

At any meeting of shareholders, a quorum will
be present if there are one or more shareholders present in person or by proxy representing not less than 50% of the issued shares entitled
to vote on the resolutions to be considered at the meeting. The shareholders present at a duly called or held meeting of shareholders
at which a quorum is present may continue to transact business until adjournment notwithstanding the withdrawal of enough shareholders
to leave less than a quorum, if any action (other than adjournment) is approved by at least a majority of the shares required to constitute
a quorum.

A shareholder may be represented at a meeting
of shareholders by a proxy who may speak and vote on behalf of the shareholder. A shareholder will be deemed to be present at the meeting
if he participates by telephone or other electronic means and all shareholders participating in the meeting are able to hear each other.

Transfer of Shares

Subject to the restrictions and conditions in
our Amended and Restated Memorandum and Articles of Association, as amended, and the Amended Shareholders Agreement, any shareholder may
transfer all or any of his or her shares by written instrument of transfer signed by the transferor and containing the name and address
of the transferee