Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 160

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 160
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 of a preferred shares dividend reserve or the partial or full release of any such reserve will require a prior proposal from the Terra board of directors and a resolution of the meeting of holders of Terra Preferred Shares, and will be made exclusively to the holders Terra Preferred Shares in proportion to the aggregate nominal value of such Terra Preferred Shares. Distributions will be payable on the day determined by the Terra board of directors. Distributions will lapse if the distributions are not claimed within five years and one day following the date when they became payable. 107 Board of Directors Terra Board of Directors Composition Pursuant to the Terra Articles of Association, Terra will have a one-tier board consisting of one or more Terra executive directors and two or more Terra non-executive directors. The Terra board of directors will determine the number of Terra executive directors and Terra non-executive directors, provided that the majority of the Terra board of directors will consist of Terra non-executive directors. The Terra board of directors will initially be composed of nine members, and shall be composed as described in “ Management.” The Terra board of directors is the executive and supervisory body of Terra. It is entrusted with the management of Terra, supervises the general course of affairs in Terra and the business affiliated with Terra and is responsible for the continuity of Terra. The Terra board of directors is accountable for these matters to the Terra general meeting. The Terra board of directors’ responsibilities include, among other things, 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