Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 88

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 88
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 consented to the aforementioned forum
selection provisions, including the Federal Forum Provision. Additionally, our shareholders cannot waive compliance with the federal
securities laws and the rules and regulations thereunder. These provisions may limit our shareholders’ ability to bring a
claim in a judicial forum they find favorable for disputes with us or our directors, officers, or other employees, which may discourage
lawsuits against us and our directors, officers, and other employees. Alternatively, if a court were to find the choice of forum provision
contained in the notice of articles and articles to be inapplicable or unenforceable in an action, we may incur additional costs associated
with resolving such action in other jurisdictions, which could harm our business, operating results and financial condition.

Limitation of Liability and Indemnification

Under the BCBCA, a company may indemnify: (i) a
current or former director or officer of that company; (ii) a current or former director or officer of another company if, at the
time such individual held such office, such company was an affiliate of the company, or if such individual held such office at the company’s
request; or (iii) an individual who, at the request of the company, held, or holds, an equivalent position in another entity, or
an indemnifiable person, against all judgments, penalties or fines, or amounts paid to settle a proceeding or an action, in respect of
any legal proceeding or investigative action (whether current, threatened, pending or completed) in which he or she is involved because
of that person’s position as an indemnifiable person, or an eligible proceeding, unless: (i) the individual did not act honestly
and in good faith with a view to the best interests of such company or the other entity, as the case may be; or (ii) in the case
of a proceeding other than a civil proceeding, the individual did not have reasonable grounds for believing that the individual’s
conduct in respect of which proceeding was brought was lawful. A company cannot indemnify an indemnifiable person if it is prohibited
from doing so under its articles or by applicable law. A company may pay, as they are incurred in advance of the final disposition of
an eligible proceeding, the expenses actually and reasonably incurred, subject to the indemnifiable person providing an undertaking that
such person will repay the amounts advanced if it is ultimately determined that the payment of such expenses is prohibited by the BCBCA.

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