Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 163

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 163
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 code of ethics
is filed as an exhibit to the registration statement of which this prospectus forms a part.

Officer and Director Compensation Following the Business Combination

The Terra board of directors determines the
remuneration of the directors of Terra with due observance of the remuneration policy adopted by the general meeting of Terra. Executive
directors of Terra may not take part in the decision-making process in respect of the remuneration of executive directors.

The Compensation Committee may validly resolve
on (rechtsgeldig besluiten tot) determining the remuneration of the individual directors, with due observance of the remuneration
policy adopted by the Terra general meeting, without resolutions, approvals or other involvement of the Terra board of directors being
required. Such resolution shall be considered to be a resolution of the Terra board of directors. The Compensation Committee will inform
the Terra board of directors promptly after having adopted such a resolution.

While we do not expect any material differences
in the compensation of Terra Innovatum’s current executive officers once they become executive officers of Terra, we have not determined
whether and to what extent directors of Terra and Terra Innovatum will be paid for their service as directors.

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CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</div>

During the years ended December 31, 2024
and December 31, 2023, Terra Innovatum earned other income of $129,170 and $38,941, respectively, for engineering consulting services
provided to related parties. The consulting services are unrelated to the core business of Terra Innovatum and are included in the statement
of operations under other income — related parties.

As of December 31, 2024 and 2023, Terra
Innovatum had amounts due from related parties of $0 and $8,830, respectively. These amounts corresponded to unbilled amounts due from
a related party for engineering consulting services provided during the years ended December 31, 2024 and 2023.

During the year ended December 31, 2024,
Terra Innovatum entered into an interest-free loan agreement with its quotaholders. The total loan amount of $216,212 is to be provided
in cash installments by January 15, 2025. As of December 31, 2024, quotaholders advanced $106,780 of the $216,212. The loan
is scheduled to mature on December 31, 2040