Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 160

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 160
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 non-executive directors,
certain independency criteria apply, being in any case that the DCGC stipulates that a majority of the non-executive directors should
be independent within the meaning of the DCGC and that for each shareholder or group of affiliated shareholders directly or indirectly
holding more than 10 per cent of the shares in Terra, there is at most one executive director who can be considered to be affiliated with
or representing them in conformity with the independence rules as included in the DCGC.

Furthermore, the chairperson of the Terra board
of directors should not be a former executive director and should be independent within the meaning of the DCGC.

All of Terra’s non-executive directors,
qualify as independent within the meaning of the DCGC.

Diversity and Director and Officer Qualifications

Terra has not formally established any specific,
minimum qualifications that must be met by each of its directors. However, Terra generally evaluates the following qualities: educational
background, diversity of professional experience, including whether the person is a current or was a former chief executive officer or
chief financial officer of a public company or the head of a division of a prominent international organization, knowledge of Terra’s
business, integrity, professional reputation, independence, wisdom, and ability to represent the best interests of Terra’s shareholders.

Furthermore, from the moment Terra qualifies
as a so-called “large company” under Dutch law, it will be subject to the gender diversity target regime. Under this target
regime Terra would have to set appropriate and ambitious targets — which should take the form of target ratios — to
bring about a more balanced ratio of men to women with regard to its directors. A Dutch company qualifies as large, if it meets at least
two of the following three criteria on at least two successive balance sheet dates: (a) the value of the assets (based on its balance
sheet and explanatory notes) on the basis of acquisition and production prices exceeds EUR 25mio, (b) the net turnover for the financial
year exceeds EUR 50mio and (c) the average number of employees is 250 or more.

The Nominating and Corporate Governance Committeeof the
Terra board of directors has adopted policies regarding director qualification requirements (including a diversity policy) and the process
for identifying and evaluating director candidates for adoption by Terra’s board of directors.

Board Regulations

The Terra board of directors has adopted written
rules and regulations dealing with, inter alia, its internal organization, the