Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 190

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 190
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 the internal audit function fulfils its responsibility and approving the audit
plan drawn up by the internal audit function, ensuring compliance with legislation and regulations and the corporate governance structure
of Terra, publishing the corporate structure of Terra and any other information required under the Dutch Civil Code. The Terra board of
directors may allocate its duties and powers among the Terra directors and the committees of the Terra board of directors in accordance
with the Terra board regulations or otherwise in writing.

The Terra executive directors will primarily be
responsible for all day-to-day operations of Terra. The Terra non-executive directors will, among others, supervise (i) the
Terra executive directors’ policy and performance of duties and (ii) Terra’s general affairs and its business, and will
render advice and direction to the Terra executive directors. The Terra non-executive directors will furthermore perform any duties allocated
to them under or pursuant to Dutch law or the Terra Articles of Association. The Terra executive directors will timely provide the Terra
non-executive directors will the information they need to carry out their duties.

The Terra board of directors may further allocate
its duties and powers among the directors pursuant to the Terra board regulations or otherwise in writing, provided that the following
duties and powers may not be allocated to the executive directors:

| ● | supervising the performance of the Terra executive directors; |

| ● | making a nomination for the appointment of Terra directors, as 
 set out in the Terra Articles of Association;                  |

| ● | determining a Terra executive director’s remuneration; 
 and                                                    |

| ● | instructing an auditor, if the Terra general meeting fails to 
 do so.                                                        |

The Terra board of directors may determine pursuant
to the Terra board regulations or otherwise in writing that one or more Terra directors can lawfully adopt resolutions concerning matters
belonging to their duties within the meaning of Section 2:129a(3) of the Dutch Civil Code.

Each director has a duty to Terra to properly perform
its duties. In the performance of their tasks, the directors shall be guided by the interests of Terra and the enterprise connected with
it. Under Dutch law, the interests of Terra and the enterprise connected with it extend to the interests of all stakeholders, such as
shareholders, creditors, employees, customers and suppliers.

The Terra board of directors shall designate a non-executive
director as chairperson of the board of directors (voorzitter) under Dutch law. The Terra board of directors may in its