Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 188

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 188
---
 the Terra board of directors. During liquidation, the
provisions of the Terra Articles of Association will remain in force as long as possible.

The balance remaining after payment of the debts
of Terra following its dissolution shall be transferred to the Terra shareholders pro rata in proportion to the number of Terra shares
held by each Terra shareholder.

Squeeze Out

Pursuant to article 2:92a of the Dutch Civil
Code, a shareholder who, for his or her own account, holds at least 95% of Terra’s issued and outstanding share capital may initiate
proceedings against the other shareholders jointly for the transfer of their shares to the claimant. The proceedings are held before
the Dutch Enterprise Chamber (Ondernemingskamer) and can be instituted by means of a writ of summons served upon each of the minority
shareholders in accordance with the provisions of the Dutch Code of Civil procedure (Wetboek van Burgerlijke Rechtsvordering).
The Dutch Enterprise Chamber may grant the claim for the squeeze-out in relation to all minority shareholders and will determine the
price to be paid for the shares, if necessary after appointment of one to three expert(s) who will offer an opinion to the Dutch
Enterprise Chamber on the value to be paid for the shares of the minority shareholders. Once the order to transfer becomes final before
the Dutch Enterprise Chamber, the person acquiring the shares must give written notice of the date and place of payment and the price
to the holders of the shares to be acquired whose addresses are known to him or her. Unless the addresses of all of them are known to
the acquiring person, such person is required to publish the same in a Dutch national daily newspaper.

Cross-border restructuring

Dutch law provides that, to the extent the acquiring
company in a cross-border merger or a cross-border demerger is organized under the laws of another European Economic Area member state,
a shareholder of a non-surviving Dutch company who has voted against the cross-border merger or the cross-border demerger (as applicable)
may make a claim with the Dutch company for compensation. The compensation is to be determined by one or more independent experts, subject
to certain exceptions. The aforementioned also applies in case of a cross-border conversion.

<div align='center'>113</div>

Financial Reporting under Dutch Law

The Dutch Financial Reporting Supervision Act
(Wet toezicht financiële verslaggeving, the “FRSA”), applies to Terra’s financial reporting. Under