Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 153

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 153
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 material interest in the contract or transaction or is a director or senior
officer of, or has a material interest in, a person who has a material interest in the contract or transaction, unless otherwise provided
for in the BCBCA. A director or senior officer does not hold a disclosable interest in a contract or transaction if the contract or transaction:
(i) is an arrangement by way of security granted by the company for money loaned to, or obligations undertaken by, the director or
senior officer, or a person in whom the director or senior officer has a material interest, for the benefit the company or for one of
our affiliates’ benefit; (ii) relates to an indemnity or insurance permitted under the BCBCA; (iii) relates to the remuneration
of the director or senior officer in his or her capacity as director, officer, employee or agent of the company or of one of its affiliates;
(iv) relates to a loan to the company and the director or senior officer, or a person in whom the director or senior officer has
a material interest, is the guarantor of some or all of the loan; or (v) is with a company that is affiliated to the company and
the director or senior officer is also a director or senior officer of that company or an affiliate of that company.

A director or senior officer who holds a disclosable
interest may also be liable to account to the company for any profit that accrues to the director or senior officer under or as a result
of a contract or transaction in which the director or senior officer holds a disclosable interest, unless the contract or transaction
is: (i) approved by the other non-interested directors (unless all directors have a disclosable interest) or by a special resolution
of the shareholders, after the nature and extent of the disclosable interest has been disclosed to the directors or shareholders, as applicable,
or (ii) the contract or transaction was entered into before the individual became a director or senior officer, the disclosable interest
was disclosed to the other directors or shareholders and the director or senior officer who holds the disclosable interest does not vote
on any decision or resolution touching on the contract or transaction. Directors and senior officers are also required to comply with
certain other relevant provisions of the BCBCA regarding conflicts of interest. A director who holds such disclosable interest in respect
of any material contract or transaction into which the company has entered or propose to