Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 173

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 173
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-emptive rights in connection with an issuance of Terra Ordinary Shares or grant of rights
to subscribe for Terra Ordinary Shares.

<div align='center'>104</div>

Repurchase of Shares

Subject to Dutch law and the Terra Articles of
Association, Terra may acquire fully paid-up Terra shares in the capital of Terra either for no consideration or under universal title
of succession, or against consideration if (i) Terra’s shareholders’ equity (eigen vermogen) less the acquisition
price is not less than the sum of the paid-up and called-up share capital and any reserves to be maintained by Dutch law or the Terra
Articles of Association, (ii) Terra and its subsidiaries would not thereafter hold shares or hold shares as pledgee with an aggregate
nominal value exceeding 50% of Terra’s then current issued and outstanding share capital, and (iii) the Terra board of directors
has been designated to do so by the Terra general meeting. Any acquisition by Terra of shares in the capital of Terra that are not fully
paid-up shall be null and void.

The authorization to the Terra board of directors
to acquire Terra shares in Terra is valid for a maximum of 18 months. As part of the authorization, the general meeting of Terra
must specify the number of Terra shares that may be repurchased, the manner in which the Terra shares may be acquired and the price range
within which the Terra shares may be acquired. The designation of the Terra board of directors is not required if Terra acquires fully
paid-up Terra Ordinary Shares for the purpose of transferring these to employees of Terra or its subsidiaries under any applicable equity
compensation plan, provided that those shares are quoted on an official list of a stock exchange.

In addition, Terra nor its subsidiaries may hold
more than one-tenth of its issued share capital for more than three years after it was converted into a public limited liability
company (naamloze vennootschap) or after it acquired its own shares (i) for no consideration or (ii) under universal
succession of title (algemene titel). Owned Terra shares pledged by Terra and its subsidiaries are taken into account in this
respect. Any Terra shares held by Terra in excess of the amount permitted shall automatically transfer to the directors jointly at the
end of the last day of such three-year period. Each director shall be jointly and severally liable to compensate Terra for the value
of the Terra shares at such time, with interest at the statutory rate thereon from