Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 189

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 189
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 which the resolution to make the interim distribution is announced. An interim dividend can only be paid if
(i) an interim statement of assets and liabilities is drawn up showing that the funds available for distribution are sufficient,
and (ii) Terra ’s shareholders’ equity exceeds the sum of the paid-up and called-up share capital any reserves to be
maintained by Dutch law or the Terra Articles of Association. Interim distributions will be made in cash, in kind or in the form of Terra
Ordinary Shares.

Holders of Terra Preferred Shares will not receive
any dividends in respect of the Terra Preferred Shares; however, Terra will maintain a separate dividend reserve for Terra Preferred Shares
for the sole purpose of the allocation of the mandatory minimal profits that accrue to the Terra Preferred Shares. Any distribution out
of a preferred shares dividend reserve or the partial or full release of any such reserve will require a prior proposal from the Terra
board of directors and a resolution of the meeting of holders of Terra Preferred Shares, and will be made exclusively to the holders Terra
Preferred Shares in proportion to the aggregate nominal value of such Terra Preferred Shares.

Distributions will be payable on the day determined
by the Terra board of directors. Distributions will lapse if the distributions are not claimed within five years and one day
following the date when they became payable.

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Board of Directors

Terra Board of Directors Composition

Pursuant to the Terra Articles of Association, Terra
will have a one-tier board consisting of one or more Terra executive directors and two or more Terra non-executive directors. The Terra
board of directors will determine the number of Terra executive directors and Terra non-executive directors, provided that the majority
of the Terra board of directors will consist of Terra non-executive directors.

The Terra board of directors will initially be composed
of nine members, and shall be composed as described in “Management.”

The Terra board of directors is the executive and
supervisory body of Terra. It is entrusted with the management of Terra, supervises the general course of affairs in Terra and the business
affiliated with Terra and is responsible for the continuity of Terra. The Terra board of directors is accountable for these matters to
the Terra general meeting. The Terra board of directors’ responsibilities include, among other things, developing a view on sustainable
long-term value creation by Terra, determining Terra’s strategy and risk management policy, appointing and dismissing the senior
internal auditor, annual assessment of the way in which