Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 406

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 406
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executivedirector may be in office for a period not exceeding twelve years, which period may or may not be interrupted, unless at the proposal of the board of directors of PubCo the general meeting of PubCo resolves otherwise. PubCo’s general meeting may at all times suspend or dismiss any director. A resolution of the PubCo general meeting to suspend or dismiss a director other than at the proposal of the PubCo board of directors requires a two -thirds(2/3) majority of the votes cast. The PubCo board of directors may at all times suspend an executive director. Conflict of Interest A PubCo director shall not participate in deliberations and the decision -makingprocess in the event of a direct or indirect personal conflict of interest between that director and PubCo and the enterprise connected with it, or in the event of being involved in a related party transaction within the meaning of Dutch law. If the PubCo board of directors is unable to adopt a resolution as a result of all directors being unable to participate in the deliberations and decision -makingprocess due to such a conflict of interest, or due to all directors being involved in such a related party transaction, the decision shall nevertheless be taken by the PubCo board of directors. If a director does not comply with the provisions on conflicts of interest, the resolution concerned is subject to nullification and the director may be held liable towards PubCo. This nullification, however, only has internal effect and does not affect the external representation. Liability of Directors Pursuant to Dutch law, each PubCo director may be held jointly and severally liable to PubCo for damages in the event of improper or negligent performance of his or her duties. Furthermore, PubCo directors may be held liable to third parties based on tort pursuant to certain provisions of the Dutch Civil Code. All PubCo directors will be jointly and severally liable for failure of one or more co -directors. An individual PubCo director will only be exempt from liability if he or she proves that he or she cannot be held culpable for the mismanagement and that he or she has not been negligent in seeking to prevent the consequences of the mismanagement. In this regard a PubCo director may, however, refer to the allocation of tasks among the PubCo directors. In certain circumstances, including in the event of bankruptcy of the company, directors may incur additional specific civil and criminal liabilities. 214 Board Regulations Pursuant to the PubCo Articles of Association, the PubCo board of directors shall adopt regulations dealing with its internal organization