Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 134

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 134
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 of the base salary. The NEOs are allowed to determine the makeup of the annual
bonus. The Compensation Committee may increase the short-term incentive payable for any given year in case of exceptional achievements.

The employment agreements for the NEOs will provide
that if employment is terminated by Terra without “cause,” other than in connection with a change of control, the NEO will
be entitled to severance consisting of:

| (i) | a                                                             
 lump sum equal to three years’ base salary plus target bonus; |

| (ii) | a                                      
 pro-rated portion of any annual bonus; |

| (iii) | continued                                                
 medical, dental and vision coverage for up to 18 months; |

| (iv) | the                                                                                                 
 continued vesting of any outstanding equity-based compensation awards (other than performance-based 
 equity awards) as if the executive was still employed;                                              |

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| (v) | any performance-based                                                                       
 equity awards, to the extent the performance criteria are met, which will be earned at 100% 
 of target, pro-rated based on the number of months executive worked during the performance  
 period; and                                                                                 |

| (vi) | the                                               
 full vesting of all outstanding retention awards. |

If employment is terminated by the Company without
“cause” or by the executive for “good reason,” each in connection with a change in control, the executive will
be entitled to receive severance consisting of:

| (i) | a                                                           
 lump-sum equal to two years’ base salary plus target bonus; |

| (ii) | if                                                                                         
 the successor fails to assume the annual incentive plan, a pro-rated portion of any annual 
 bonus;                                                                                     |

| (iii) | continued                                                
 medical, dental and vision coverage for up to 18 months; |

| (iv) | reimbursement                                                                        
 of outplacement services expenses incurred in the 12 months following termination up 
 to $25,000;                                                                          |

| (v) | the                                       
 full vesting of any retention awards; and |

| (vi) | the                                                                                        
 full vesting of all equity awards other than performance-based awards and, with respect to 
 performance-based awards, vesting at 100% of target.                                       |

The following will be defined
in each employment agreement:

| (i) | “cause”                                                                                      
 is defined as commission of any felony or any crime involving moral turpitude or dishonesty; 
 participation in a