Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 184

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 184
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ance of applicable statutory provisions. Designation by resolution of the Terra general meeting cannot be withdrawn
unless determined otherwise at the time of designation.

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The scope and duration of Terra’s board of
directors authority to issue Terra shares or grant rights to subscribe for Terra shares (such as granting stock options) will determined
by a resolution of Terra’s general meeting and relates, at the most, to all unissued shares in Terra’s authorized capital
on the date on which the Terra’s board of directors resolves to issue Terra shares or grant rights to subscribe for Terra shares.
The duration of this authority may not exceed a period of five years. Designation of the Terra’s board of directors as the
body authorized to issue Terra shares or grant rights to subscribe for Terra shares may be extended by a resolution of Terra’s general
meeting for a period not exceeding five years in each case. The number of Terra shares that may be issued or rights to subscribe
for Terra shares that may be granted by Terra’s board of directors is determined at the time of designation. If and insofar as the
Terra board of directors is not designated by the Terra general meeting, Terra shares shall be issued pursuant to a resolution of the
Terra general meeting.

No resolution of Terra’s general meeting or
resolution of the Terra’s board of directors is required to issue Terra shares pursuant to the exercise of a previously granted
right to subscribe for Terra shares.

The Terra general meeting adopted a resolution prior
to the Closing of the Business Combination pursuant to which the Terra’s board of directors was authorized, for a period of five
years from the date of the Closing, to issue Terra Ordinary Shares and Terra Preferred Shares and grant rights to subscribe for Terra
Ordinary Shares and Terra Preferred Shares up to the authorized share capital from time to time.

Pre-emptive Rights

Under Dutch law and the Terra Articles of Association,
each shareholder has a pre-emptive right in proportion to the aggregate amount of its Terra Ordinary Shares upon the issuance of new Terra
Ordinary Shares or the granting of rights to subscribe for Terra Ordinary Shares. Exceptions to this pre-emptive right include the issuance
of new Terra Ordinary Shares or the granting of rights to subscribe for Terra Ordinary Shares: (i) to employees of Terra or another
company of its group; (ii) against payment other than in cash; and (iii) to persons exercising a previously granted right to
subscribe for Terra Ordinary Shares. Holders of Terra Preferred Shares