Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 185

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 185
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 will not have pre-emptive rights to acquire newly issued Terra
Ordinary Shares or Terra Preferred Shares and no pre-emptive rights will exist with respect to the issue of Terra Preferred Shares. In
accordance with Dutch law, pre-emptive rights may be exercised during a period of at least two weeks after the announcement of an
issuance of new Terra Ordinary Shares or a grant of rights to subscribe for Terra Ordinary Shares in the Dutch State Gazette.

Based on Terra’s Articles of Association,
the Terra board of directors will be authorized to resolve on the limitation or exclusion of pre-emptive rights upon an issuance of Terra
Ordinary Shares or a grant of rights to subscribe for Terra Ordinary Shares, if the Terra board of directors has been designated thereto
by the Terra general meeting for a specific period of time not exceeding five years but only if the Terra board of directors has
also been authorized or is simultaneously authorized to issue Terra Ordinary Shares and Terra Preferred Shares. The designation may be
extended by specific consecutive periods with due observance of applicable statutory provisions. Unless otherwise stipulated at its grant,
the designation may not be withdrawn.

If and insofar as the Terra board of directors is
not designated by the Terra general meeting, pre-emptive rights may be limited or excluded by a resolution of the Terra general meeting.
The Terra general meeting shall, in addition to the Terra board of directors, remain authorized to limit or exclude pre-emptive rights
if such is specifically stipulated in the resolution authorizing the Terra board of directors to limit or exclude pre-emptive rights.

A resolution of the Terra general meeting to limit
or exclude pre-emptive rights or to authorize the Terra board of directors to do so, can only be adopted at the proposal of the board
of directors and shall require a majority of at least two-thirds of the votes cast if less than half of the issued capital of Terra is
represented at the Terra general meeting. When adopting a resolution to issue Terra Ordinary Shares, the Terra general meeting or the
Terra board of directors shall determine how and during which period these pre-emptive rights may be exercised.

Prior to the Closing of the Business Combination,
the Terra general meeting adopted a resolution pursuant to which the Terra board of directors was authorized, for a period of five years
from the Closing Date, to limit or exclude pre-emptive rights in connection with an issuance of Terra Ordinary Shares or grant of rights
to subscribe for Terra Ordinary Shares.

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