Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 198

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 198
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 at                                                                        
 hand when the cooling-off period was invoked, could not reasonably have come to the conclusion that the relevant shareholder proposal 
 or hostile offer constituted a material conflict with the interests of Terra and its business;                                        |

| ● | the Terra board of directors cannot reasonably believe that a                     
 continuation of the cooling-off period would contribute to careful policy-making; |

| ● | if other defensive measures, having the same purpose, nature                                                                               
 and scope as the cooling-off period, have been activated during the cooling-off period and are not terminated or suspended at the relevant 
 shareholders’ written request within a reasonable period following the request (i.e., no ‘stacking’ of defensive measures).                |

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During the cooling-off period, if invoked, the Terra
must gather all relevant information necessary for a careful decision-making process. In this context, the Terra board of directors must
at least consult with shareholders representing at least 3% of Terra’s issued share capital at the time the cooling-off period was
invoked and with the Terra’s works council (if applicable). Formal statements expressed by these stakeholders during such consultations
must be published on Terra’s website to the extent these stakeholders have approved that publication.

Ultimately one week following the last day
of the cooling-off period, the Terra board of directors must publish a report in respect of its policy and conduct of affairs during the
cooling-off period on the Terra website. This report must also remain available for inspection by Terra’s shareholders and others
with meeting rights under Dutch law at Terra’s office and must be tabled for discussion at the next general meeting.

The Terra general meeting is presided over by the
chairperson of the board of directors or another director designated for that purpose by the board of directors. The Terra directors may
attend a Terra general meeting in person or by electronic means of communication. The chairperson of the meeting may decide at his or
her discretion to admit other persons to the meeting.

The external auditor of Terra may attend the annual
Terra general meeting in which the annual accounts are discussed.

Record Date

When convening a Terra general meeting, the Terra
board of directors will be allowed to determine that persons with the right to vote or attend such meeting will be considered those persons
who have these rights at the 28 day prior to the date of the meeting (the “Terra Record Date”) and
are registered as such in a register to be designated by the Terra board of directors for such purpose,