Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 349

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 349
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Co executive directors’ policy and performance of duties and (ii) PubCo’s general affairs and its business, and will render advice and direction to the PubCo executive directors. The PubCo non -executivedirectors will furthermore perform any duties allocated to them under or pursuant to Dutch law or the PubCo Articles of Association. The PubCo executive directors will timely provide the PubCo non -executivedirectors will the information they need to carry out their duties. The PubCo board of directors may further allocate its duties and powers among the directors pursuant to the PubCo board regulations or otherwise in writing, provided that the following duties and powers may not be allocated to the executive directors: •supervising the performance of the PubCo non -executivedirectors; •making a nomination for the appointment of PubCo directors, as set out in the PubCo Articles of Association; •determining a PubCo executive director’s remuneration; and •instructing an auditor, if the PubCo general meeting fails to do so. The PubCo board of directors may determine pursuant to the PubCo board regulations or otherwise in writing that one or more PubCo directors can lawfully adopt resolutions concerning matters belonging to their duties within the meaning of Section 2:129a(3) of the Dutch Civil Code. Each director has a duty to PubCo to properly perform its duties. In the performance of their tasks, the directors shall be guided by the interests of PubCo and the enterprise connected with it. Under Dutch law, the interests of PubCo and the enterprise connected with it extend to the interests of all stakeholders, such as shareholders, creditors, employees, customers and suppliers. 179 The PubCo board of directors shall designate a non -executivedirector as Chair of the board of directors ( voorzitter) under Dutch law. The PubCo board of directors may in its discretion grant one of the non -executivedirectors the title Vice Chairman. Nomination and Appointment PubCo directors will be appointed by the PubCo general meeting on a binding nomination by the PubCo board of directors, provided that two non -executivedirectors shall be appointed on a binding designation by the Sponsor. The PubCo general meeting will at all times be allowed to overrule a binding nomination for the appointment of a PubCo Director by a majority of not less than two thirds (2/3) of the votes cast, representing of the issued capital of the Company. If the nomination comprises one candidate for