Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 388

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 388
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 Association, PubCo shall indemnify each current or former PubCo director in any anticipated or pending action, suit, proceeding or investigation for any claim against that PubCo director that such PubCo director may derive from exercising his respective duties as a PubCo director for any and all: •costs and expenses, including but not limited to substantiated attorneys’ fees, reasonably incurred in relation to that PubCo director’s defences in the relevant action, suit, proceeding or investigation or a settlement thereof; •liabilities, losses, damages, fines, penalties and other claims and/or financial effects of judgements against that PubCo director, excluding any reputational damages and (other) immaterial damages; and •payments by that PubCo director and/or any other financial effects resulting from a settlement of such action, suit, proceeding or investigation, excluding any reputational damages and (other) immaterial damages, subject to prior written approval of such settlement by PubCo (such approval not to be unreasonably withheld), provided he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of PubCo or out of his mandate, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. 204 Any indemnification by PubCo pursuant to the PubCo Articles Association described above (i) shall be made only upon a determination by the PubCo board of directors that indemnification of the PubCo director is proper under the circumstances because he had met the applicable standard of conduct set forth above, and (ii) may be paid by PubCo in advance of the final disposition of the relevant anticipated or pending action, suit or proceeding against that PubCo director, upon a resolution of the PubCo board of directors with respect to the specific case. A PubCo director, current or former, shall not be entitled to any indemnification pursuant to the PubCo Articles of Association, if and to the extent: •a competent court, a judicial tribunal or, in case of an arbitration, an arbitrator or arbitral panel has established by final judgement that is not open to challenge or appeal, that the acts or omissions of the current or former PubCo director can be considered intentional, willfully reckless or seriously culpable, unless this would in the given circumstances be unacceptable according to the standards of reasonableness and fairness; •the costs or the decrease in assets of the current or former PubCo director are/is covered by an insurance and the insurer started payment