Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 378

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 378
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 his or her duties. Furthermore, PubCo directors may be held liable to third parties based on tort pursuant to certain provisions of the Dutch Civil Code. All PubCo directors will be jointly and severally liable for failure of one or more co -directors. An individual PubCo director will only be exempt from liability if he or she proves that he or she cannot be held culpable for the mismanagement and that he or she has not been negligent in seeking to prevent the consequences of the mismanagement. In this regard a PubCo director may, however, refer to the allocation of tasks among the PubCo directors. In certain circumstances, including in the event of bankruptcy of the company, directors may incur additional specific civil and criminal liabilities. Board Regulations Pursuant to the PubCo Articles of Association, the PubCo board of directors shall adopt regulations dealing with its internal organization, the manner in which decisions are taken, the composition, the duties and organization of committees of the PubCo board of directors and any other matters concerning the PubCo board of directors, PubCo directors and committees established by the PubCo board of directors. Decision-making Pursuant to the PubCo board regulations, the PubCo board of directors will strive to adopt its resolutions by unanimous vote. If this is not possible, resolutions will be adopted by a majority of votes cast, unless provided otherwise by the PubCo board regulations. In the event of a tied vote, the proposal will be rejected, unless the PubCo board regulations provide otherwise. Each PubCo director shall have one vote. 198 Pursuant to the PubCo board regulations, the PubCo board of directors will only adopt resolutions at a meeting if the majority of the directors entitled to vote is present or represented at the meeting. If the Chair of the board of directors believes there is an urgent situation that requires an immediate resolution by the PubCo board of directors, he or she may decide that the aforementioned quorum requirement does not apply provided that (i) at least two directors entitled to vote are present or represented at the meeting including at least one executive director (if any such executive director is entitled to vote on the matters being considered), and (ii) reasonable efforts have been made to involve the other directors in the decision -making. The PubCo Articles of Association and Dutch law provide that resolutions of the PubCo board of directors regarding a significant change in PubCo’s identity or nature or the enterprise connected with it are subject to the approval of the PubCo general meeting. Such resolutions include in any event: (i)