Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 136

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 136
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 non-executive directors of $80,000 payable in cash on a quarterly 
 basis;                                                                                          |

| ● | Non-executive                                                                                
 directors serving on board committees will each receive $15,000, on an annual basis, payable 
 quarterly in cash for each committee on which they serve; and                                |

Non-executive directors chairing
a board committee will each receive $5,000 on an annual basis, payable quarterly in cash (in addition to the $15,000 fees payable for
serving on each board committee).

Equity Incentive Awards

While the exact number and type of award has
not yet been determined, an initial award in the form of RSUs or options equal to one year’s base fees will be issued to each non-executive
director upon consummation of the Business Combination. The initial awards will vest 100% after the first year of service, or upon the
earlier of a change in control or termination without cause. After one year of service annual awards equal to one year’s base fee
will be issued vesting on a quarterly basis, with accelerated vesting upon a change of control or termination without cause.

Executive Compensation Prior to Consummation of the Business Combination

Terra has directorship agreements
with each of Messrs. Petruzzi, Frepoli and Cherubini. The agreements will terminate and be replaced with employment agreements between
each of the NEOs and Terra after the consummation of the Business Combination. The compensation terms are as follows:

Pursuant to the terms of
the Directorship Agreement, Mr. Petruzzi serves in the role of Chief Product Officer. From April 5, 2025 to June 30, 2025,
the monthly gross compensation was €17,384. Commencing on July 1, 2025, monthly gross compensation increased to €21,729.
Mr. Petruzzi also received a one-time payment in the amount of €34,768. Mr. Petruzzi is entitled to reimbursement of reasonable
expenses of up to $75,000 on an annual basis.

Pursuant to the terms of
the Directorship Agreement, Mr. Frepoli will serve in the role of Chief Operating Officer. From April 5, 2025 to June 30,
2025, the monthly gross compensation was €15,578. Commencing on July 1, 2025, monthly gross compensation increased to €19,472.
Mr. Frepoli also