Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 122

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 122
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 plan in which the executive participates or grant             
 comparable awards in substitution of the outstanding awards under any such plan, then any             
 outstanding equity-based compensation awards granted to the executive under such plan, other          
 than performance-based equity awards, will become immediately fully vested, and any performance-based 
 equity awards will immediately vest assuming target performance.                                      |

83 Terra Board of Director Compensation Board Fees Payable in Cash NEOs who are also directors of Terra will receive no additional compensation for serving on the Board of Directors. It is anticipated that non-executive directors will receive the following compensation and other benefits:

| ● | The Chairperson                                                                                  
 of the Board, who will be a non-executive director, will receive an annual base fee for services 
 in the amount of $120,000;                                                                       |

| ● | Annual Base Fees for Services by all 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: Directorship Agreement with Alessandro Petruzzi, dated April 5, 2025 Pursuant to the terms of the Directorship Agreement, Mr. Petruzzi serves in the role of Chief Product Officer. From April 5