Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 404

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 404
---
 Articles of Association, PubCo will have a one -tierboard consisting of one or more PubCo executive directors and two or more PubCo non -executivedirectors. The PubCo board of directors will determine the number of PubCo executive directors and PubCo non -executivedirectors, provided that the majority of the PubCo board of directors will consist of PubCo non -executivedirectors. The PubCo board of directors will initially be composed of nine members, and shall be composed as described in “ Board of Directors and Senior Management of PubCo After the Business Combination — Board of Directors of PubCo.” The PubCo board of directors is the executive and supervisory body of PubCo. It is entrusted with the management of PubCo, supervises the general course of affairs in PubCo and the business affiliated with PubCo and is responsible for the continuity of PubCo. The PubCo board of directors is accountable for these matters to the PubCo general meeting. The PubCo board of directors’ responsibilities include, among other things, developing a view on sustainable long -termvalue creation by PubCo, determining PubCo’s strategy and risk management policy, appointing and dismissing the senior internal auditor, annual assessment of the way in which 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 PubCo, publishing the corporate structure of PubCo and any other information required under the Dutch Civil Code. The PubCo board of directors may allocate its duties and powers among the PubCo directors and the committees of the PubCo board of directors in accordance with the PubCo board regulations or otherwise in writing. The PubCo executive directors will primarily be responsible for all day -to -dayoperations of PubCo. The PubCo non -executivedirectors will, among others, supervise (i) the PubCo executive directors’ policy and performance of duties and (ii) PubCo’s general affairs and its business, and will render advice and direction to the PubCo executive directors. The PubCo non -executivedirectors will furthermore perform any duties allocated to them under or pursuant to Dutch law or the PubCo Articles of Association. The PubCo executive directors will timely provide the PubCo non -executivedirectors will the information they need to carry out their duties. The PubCo board of directors may further allocate its duties and powers among the directors pursuant to the PubCo board regulations or