Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 197

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 197
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 if a shareholder
holds at least 75% of Terra’s issued share capital as a consequence of a successful public bid. The response period may also be
invoked in response to shareholders or others with meeting rights under Dutch law requesting that a Terra general meeting be convened,
as described above.

In addition, a statutory response time, similar
to the aforementioned response time under the DCGC, but with a maximum of 250 days applies in the Netherlands. According to this
statutory rule, the cooling-off period could be invoked by the Terra board of directors in the event:

| ● | shareholders, using either their shareholder proposal right or                                                                        
 their right to request a Terra general meeting, propose an agenda item for the Terra general meeting to dismiss, suspend or appoint a 
 Terra director (or to amend any provision in the Terra Articles of Association dealing with those matters); or                        |

| ● | a public offer for Terra has been announced or made without agreement 
 having been reached with Terra on such offer,                         |

provided, in each case, that in the opinion of the Terra board
of directors such proposal or offer materially conflicts with the interests of Terra and its business.

The cooling-off period, if invoked, ends upon the
earliest of the following events:

| ● | the expiration of 250 days from: |

| ● | in case of shareholders using their shareholder proposal right,                                     
 the day after the deadline for making such proposal for the next Terra general meeting has expired; |

| ● | in case of shareholders using their right to request a Terra               
 general meeting, the day when they obtain court authorization to do so; or |

| ● | in case of a public offer as described above being made without                  
 agreement having been reached with Terra on such offer, the first following day; |

| ● | the day after a public offer without agreement having been               
 reached with Terra on such offer, having been declared unconditional; or |

| ● | the Terra board of directors deciding to end the cooling-off 
 period earlier.                                              |

In addition, one or more shareholders that may (jointly)
exercise the shareholder proposal right at the time that the cooling-off period is invoked, may request the Enterprise Chamber (Ondernemingskamer)
of the Amsterdam Court of Appeals (Gerechtshof Amsterdam) for early termination of the cooling-off period. The Enterprise Chamber
must rule in favor of the request if the shareholders can demonstrate that:

| ● | the Terra board of directors, in light of the circumstances