Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 146

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 146
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 Officer & Product Director                           |                | $ | 450,000 |     | $ | 500,000 |

Perquisites have not yet been established and
therefore are not included in the figures above. The Compensation Committee will determine any perquisites for the named executive officers
based upon their services to be rendered. Such benefits to be paid by Terra may include company cars, medical insurance, accident insurance,
tax preparation and financial counselling.

Terra has adopted an Equity Incentive Plan
under which several types of awards are available for issuance. Under the Equity Incentive Plan, NEOs receive 80% of their annual awards
in Performance Share Units (“PSUs”) and 20% of their annual awards in Retention Restricted Share Units (“RSUs”).
A PSU is a conditional right to receive Terra Ordinary Shares in the capital of Terra based on specific performance targets. For each
vested PSU the holder is entitled to receive one Terra Ordinary Share. Each RSU represents the right to receive one Terra Ordinary Share.

The following outlines the material terms of
our employment agreements with the NEOs, in addition to the compensation set forth above, pending approval by the Compensation Committee:

Annual bonuses will be between 50% and 250%
of base salary if annual performance goals are achieved, which may include company performance measures and individual goals that will
be determined in the first quarter of every fiscal year. The annual bonus may be paid in cash, PSUs or a combination of cash and PSUs.
If paid solely in cash only, the annual bonus will be between 50% and 100% of the base salary. If settled in part or in full in PSUs,
the annual bonus will be between 100% and 250% of the base salary. The NEOs are allowed to determine the makeup of the annual bonus.
The Compensation Committee may increase the short-term incentive payable for any given year in case of exceptional achievements.

The employment agreements for the NEOs will provide
that if employment is terminated by Terra without “cause,” other than in connection with a change of control, the NEO will
be entitled to severance consisting of:

| (i) | a lump sum equal to                         
 three years’ base salary plus target bonus; |

| (ii) | a pro-rated portion  
 of any annual bonus; |

| (iii) | continued medical,                              
 dental and vision coverage for up to 18 months; |

| (iv) | the continued vesting                                                                    
 of any outstanding equity-based compensation