Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 178

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 178
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 suppliers.

The Terra board of directors shall designate
a non-executive director as chairperson of the board of directors (voorzitter) under Dutch law. The Terra board of directors may
in its discretion designate one of the non-executive directors as vice chairperson.

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Nomination and Appointment

Terra directors will be appointed by the Terra
general meeting on a binding nomination by the Terra board of directors. The Terra general meeting will at all times be allowed to overrule
a binding nomination for the appointment of a Terra director by a simple majority of the votes cast, representing at least one-third
(1/3) of the issued capital of the Company. If the nomination comprises one candidate for a vacancy, a resolution concerning the nomination
shall result in the appointment of the candidate, unless the nomination is overruled. If the binding nomination for appointment of a
director is overruled, a new binding nomination may be made.

Term of Office; Suspension; Dismissal

Each director shall be appointed for a maximum
period of one year, provided that his term of office shall lapse immediately after the close of the annual general meeting of Terra held
in the year after his appointment. A director may be reappointed with due observance of the preceding sentence. A non-executive director
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 Terra the general meeting of Terra resolves otherwise.

Terra’s general meeting may at all times
suspend or dismiss any director. A resolution of the Terra general meeting to suspend or dismiss a director other than at the proposal
of the Terra board of directors requires a two-thirds (2/3) majority of the votes cast. The Terra board of directors may at all times
suspend an executive director.

Conflict of Interest

A Terra director shall not participate in deliberations
and the decision-making process in the event of a direct or indirect personal conflict of interest between that director and Terra 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 Terra board of directors is unable to adopt a resolution as a result of all directors being unable to participate in the deliberations
and decision-making process 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 Terra board