Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 400

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 400
---
 may not take part in the decision-making process in respect of the remuneration of executive directors.                                              
 A proposal with respect to a remuneration scheme in the form of shares or rights to shares is submitted by the PubCo board of directors to the PubCo general meeting for its approval. This proposal must set out at least the maximum number of shares or rights to shares to be granted to executive directors and the criteria for granting or amendment. |
| Compensation of Directors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     |                                                                                                                                                                                                                                                                                                                                                              |
| The GSR III amended and restated memorandum and articles of association provides that the directors shall determine any additional remuneration to any director for any services which in the opinion of the directors go beyond that director’s ordinary routine work as a director; provided, that no cash remuneration shall be paid to any director prior to the consummation of the initial business combination. The directors shall also, whether prior to or after the consummation of a Business Combination,                     |     | Dutch law does not provide for limitations with respect to the aggregate annual compensation paid to PubCo directors, such compensation should however be consistent with PubCo’s remuneration policy adopted by PubCo’s general meeting at the proposal of the PubCo board of directors.                                                                    |

216

| Rights of GSR III Shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |     | Rights of PubCo Shareholders                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| be entitled to be paid all travelling, hotel and other expenses properly incurred by them in connection with their attendance at meetings of directors or committees of directors, or general meetings of GSR III, or separate meetings of the holders of any class of shares or debentures of GSR III, or otherwise in connection with the business of GSR III or the discharge of their duties as a director, or to receive a fixed allowance in respect thereof as may be determined by the directors, or a combination partly of one such method and partly the other.                                                                                                                                                                                                                                                        |     | The PubCo board of directors determines the remuneration of the directors of PubCo with due observance of the remuneration policy adopted by the general meeting of PubCo. Executive directors of PubCo may not take part in the decision-making process in respect of the remuneration of executive directors.                                                                                                                                                              
 A proposal with respect to a remuneration scheme in the form of shares or rights to shares is submitted by the PubCo board of directors to the PubCo general meeting for its approval. This proposal must