Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 161

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 161
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 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) accounting and financial reporting processes and the audits of the financial statements of Terra; (ii) the
integrity of Terra’s financial statements; (iii) Terra’s processes relating to risk management and the conduct and systems
of internal control over financial reporting and disclosure controls and procedures; (iv) the qualifications, engagement, compensation,
independence and performance of Terra’s independent auditor, and the auditor’s conduct of the annual audit of the Terra’s
financial statements and any other services provided to Terra; and (v) the performance of Terra’s internal audit function,
if any; and (B) produce the annual report of the Audit Committee required by the rules of the SEC.

The Terra board of directors Audit Committee
operates pursuant to a written charter for the Audit Committee which will be available on Terra’s website.

Compensation Committee

Our Compensation Committee consists of at least
two directors, each of whom is a non-executive director of Terra’s board of directors and an independent director under Nasdaq’s
listing standards. The members of the Compensation Committee are Michael Howard (Chair