Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 181

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 181
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 action, suit, proceeding or investigation, excluding any reputational damages and (other)   
 immaterial damages, subject to prior written approval of such settlement by Terra (such approval 
 not to be unreasonably withheld), provided he acted in good faith and in a manner he reasonably  
 believed to be in, or not opposed to, the best interests of Terra or out of his mandate,         
 and, with respect to any criminal action or proceeding, had no reasonable cause to believe       
 his conduct was unlawful.                                                                        |

Any indemnification by Terra pursuant to the
Terra Articles Association described above (i) shall be made only upon a determination by the Terra board of directors that indemnification
of the Terra director is proper under the circumstances because he had met the applicable standard of conduct set forth above, and (ii) may
be paid by Terra in advance of the final disposition of the relevant anticipated or pending action, suit or proceeding against that Terra
director, upon a resolution of the Terra board of directors with respect to the specific case.

<div align='center'>109</div>

A Terra director, current or former, shall not
be entitled to any indemnification pursuant to the Terra Articles of Association, if and to the extent:

| ● | a competent                                                                                   
 court, a judicial tribunal or, in case of an arbitration, an arbitrator or arbitral panel     
 has established by final judgement that is not open to challenge or appeal, that the acts     
 or omissions of the current or former Terra director can be considered intentional, willfully 
 reckless or seriously culpable, unless this would in the given circumstances be unacceptable  
 according to the standards of reasonableness and fairness;                                    |

| ● | the costs                                                                                        
 or the decrease in assets of the current or former Terra director are/is covered by an insurance 
 and the insurer started payment of the costs or the decrease in assets; or                       |

| ● | Terra and/or                                                                                    
 a company in the group brought the procedure in question up before the relevant court, judicial 
 tribunal or, in case of an arbitration, arbitrator or arbitral panel,                           |

in which event he shall immediately repay any amount paid
to him (in advance, as the case may be) by Terra in connection with the indemnification described herein.

This indemnification by Terra will not be exclusive
of any other rights to which those indemnified may be entitled otherwise.

Vacancies and Inability

If the seat of an Terra executive director is
vacant or upon the inability of an