Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 148

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 148
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 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 manner in which decisions are
taken, any quorum requirements, the composition, duties and organization of its committees and any other matters concerning the Terra
board of directors, the executive directors, the non-executive directors and committees established by the Terra board of directors.

Committees of the Board of Directors

The standing committees of
Terra’s Board of Directors consist of an audit committee (the “Audit Committee”), a compensation committee (the
“Compensation Committee”), and a nominating and corporate governance committee (the “Nominating and Corporate Governance Committee”). The responsibilities and composition of each committee following the Business Combination are set forth
below.

Audit Committee

Our Audit Committee has been
established in accordance with Section 3(a)(58)(A) of the Exchange Act. Due to the resignation of one of its independent
directors on November 7, 2025 for personal reasons, the Audit Committee currently consists of two directors, each of whom is a non-executive
director of Terra’s board of directors and an independent director as well as “financially literate” as defined under
the Nasdaq listing standards. The members of the Audit Committee are Rex Jackson (Chair) and Michael Howard.

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The purpose of the Audit
Committee is to prepare the audit committee report required by the SEC to be included in Terra’s proxy statement and to assist
the Terra board of directors to (A) oversee: (i