Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 487

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 487
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or action by written consent) for the election of directors to the Board of Directors) only one (1) individual to the Board of Directors. Subject to the Company’s certificate of incorporation and bylaws and applicable law, an NEG Director may be removed at any time (with or without cause) upon the written request of NEG. In the event that a vacancy is created on the Board of Directors at any time due to the death, disability, retirement, resignation, or removal of an NEG Director, then NEG shall have the right to designate an individual to fill such vacancy and, subject to (i) the Company’s certificate of incorporation and bylaws and applicable law and (ii) completion by the Company of its customary due diligence process for director nominees (including a review of a completed questionnaire and background check), the Company shall promptly appoint such person to fill such vacancy, and in any event, within no later than three (3) days of BEP’s designation; provided, that the parties shall agree in good faith to extend such date as reasonably necessary to the extent any proposed person is not qualified to serve under the rules and regulations of the Trading Market or is subject to any of the “bad actor” disqualifications described in Rule 506(d)(1)(i) through (viii) under the Securities Act (or any successor provision), and such person shall thereafter be deemed the NEG Director under this Agreement. The Company shall, if necessary, increase the size of the Board of Directors and/or cause a vacancy to be created on the Board of Directors such that the NEG Director may be so appointed. During the period an NEG Director is a director of the Board of Directors, the Company shall, at its own expense, provide to such NEG Director the same compensation and benefits as any other non-employee director of the Board of Directors, including cash and non-cash compensation for director service and benefits under any applicable director and officer indemnification or insurance policy maintained by the Company.

Exempt Transactions . The Company shall take all such steps as may be required to qualify for, and to maintain, exemption of any transaction between the Company, on the one hand, and BEP and NEG, on the other hand, and their respective Affiliates, under Rule 16b-3 under the Exchange Act. The Company shall cause the Board of Directors or any appropriate committees of “non-employee directors” (as defined in Rule 16b-3 of the Exchange Act) thereof (i) to approve or pre-approve any direct or indirect