Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 307

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 307
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Any indemnification by Terra pursuant to the Terra
Articles Association described above (i) shall be made only upon a determination by the Terra board of directors that indemnification
of the Terra director is proper under the circumstances because he had met the applicable standard of conduct set forth above, and (ii) may
be paid by Terra in advance of the final disposition of the relevant anticipated or pending action, suit or proceeding against that Terra
director, upon a resolution of the Terra board of directors with respect to the specific case.

A Terra director, current or former, shall not be
entitled to any indemnification pursuant to the Terra Articles of Association, if and to the extent:

| ● | a competent court, a judicial tribunal or, in case of an arbitration,                                                                  
 an arbitrator or arbitral panel has established by final judgement that is not open to challenge or appeal, that the acts or omissions 
 of the current or former Terra director can be considered intentional, willfully reckless or seriously culpable, unless this would in  
 the given circumstances be unacceptable according to the standards of reasonableness and fairness;                                     |

| ● | the costs or the decrease in assets of the current or former                                                             
 Terra director are/is covered by an insurance and the insurer started payment of the costs or the decrease in assets; or |

| ● | Terra and/or a company in the group brought the procedure in                                                          
 question up before the relevant court, judicial tribunal or, in case of an arbitration, arbitrator or arbitral panel, |

in which event he shall immediately repay any amount paid
to him (in advance, as the case may be) by Terra in connection with the indemnification described herein.

This indemnification by Terra will not be exclusive
of any other rights to which those indemnified may be entitled otherwise.

<div align='center'>II-1</div>

Item 15. Recent Sales of Unregistered Securities.

PIPE Agreements

As previously announced, on September 23, 2025,
GSR III entered into Subscription Agreements (the “PIPE Subscription Agreement”) with certain accredited investors (the “Subscribers”),
pursuant to which GSR III agreed to issue and sell, in a private placement (the “PIPE Financing”), 3,184,000 of its ordinary
shares (the “PIPE Shares”), warrants to purchase up to 1,592,000 ordinary shares of GSR III at $12.00 per share (the “Half
Warrants”) and warrants to purchase up