Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 158

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 158
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 committees. Mr. Hastings earned his B.S. in nuclear engineering from NC State University and is a registered
Professional Engineer in North and South Carolina. Mr. Hastings’ extensive experience in the nuclear energy sector was the
primary qualification that the Board of Directors considered in concluding that he should serve as a director of Terra.

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Family Relationships

There are no family relationships between or
among any of the persons who will serve as directors or executive officers of Terra except for Massimo Morichi (Father) and Giordano
Morichi (Son).

Dutch Corporate Governance Code

Since Terra qualifies as a listed Dutch public
limited liability company (naamloze vennootschap), Terra is subject to the Dutch Corporate Governance Code (the “DCGC”).
The DCGC contains both principles and best practice provisions on corporate governance that regulate relations between the board of directors
and the general meeting and matters in respect of financial reporting, auditors, disclosure, compliance and enforcement standards. The
DCGC is based on a “comply or explain” principle. Accordingly, Terra is required to disclose in its statutory management
report, filed in the Netherlands, whether it complies with the provisions of the DCGC. If Terra does not comply with these provisions,
Terra is required to give the reasons for such non-compliance.

Independence of the Board of Directors

In connection with the Business Combination, the Terra Ordinary Shares
were listed on Nasdaq. Under the rules of Nasdaq, independent directors must comprise a majority of a listed company’s board of
directors. In addition, the rules of Nasdaq require that, subject to specified exceptions, each member of a listed company’s audit,
compensation and nominating and corporate governance committees be independent. Under the rules of Nasdaq, a director will only qualify
as an “independent director” if in the opinion of that company’s board of directors, that person does not have a relationship
that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. Audit committee members
must also satisfy the additional independence criteria set forth in Rule 10A-3 under the Exchange Act and the rules of Nasdaq.
Compensation committee members must also satisfy the additional independence criteria set forth in Rule 10C-1 under the Exchange Act
and the rules of Nasdaq. Due to the resignation of one of its independent directors on November 7, 2025 for personal reasons, Terra currently