Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 177

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 177
---
 developing a
view on sustainable long-term value creation by Terra, determining Terra’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 Terra, publishing the corporate structure of Terra and any other information required under the Dutch Civil Code.
The Terra board of directors may allocate its duties and powers among the Terra directors and the committees of the Terra board of directors
in accordance with the Terra board regulations or otherwise in writing.

The Terra executive directors will primarily
be responsible for all day-to-day operations of Terra. The Terra non-executive directors will, among others, supervise (i) the
Terra executive directors’ policy and performance of duties and (ii) Terra’s general affairs and its business, and will
render advice and direction to the Terra executive directors. The Terra non-executive directors will furthermore perform any duties allocated
to them under or pursuant to Dutch law or the Terra Articles of Association. The Terra executive directors will timely provide the Terra
non-executive directors will the information they need to carry out their duties.

The Terra board of directors
may further allocate its duties and powers among the directors pursuant to the Terra board regulations or otherwise in writing, provided
that the following duties and powers may not be allocated to the executive directors:

| ● | supervising                                       
 the performance of the Terra executive directors; |

| ● | making                                                                                   
 a nomination for the appointment of Terra directors, as set out in the Terra Articles of 
 Association;                                                                             |

| ● | determining                                    
 a Terra executive director’s remuneration; and |

| ● | instructing                                              
 an auditor, if the Terra general meeting fails to do so. |

The Terra board of directors
may determine pursuant to the Terra board regulations or otherwise in writing that one or more Terra directors can lawfully adopt resolutions
concerning matters belonging to their duties within the meaning of Section 2:129a(3) of the Dutch Civil Code.

Each director has a duty to
Terra to properly perform its duties. In the performance of their tasks, the directors shall be guided by the interests of Terra and
the enterprise connected with it. Under Dutch law, the interests of Terra and the enterprise connected with it extend to the interests
of all stakeholders, such as shareholders, creditors, employees, customers and