Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 174

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 174
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 such time. The same applies to the acquisition of
Terra shares for employees of Terra under any applicable equity compensation plan, provided that those Terra shares are quoted on an
official list of a stock exchange and held by Terra for more than 1 year after acquisition thereof.

Terra cannot derive any right to any distribution
from Terra shares, or voting rights attached to Terra shares acquired by it.

Prior to the Closing of the Business Combination,
the Terra general meeting adopted a resolution authorizing the Terra board of directors for a period of 18 months from the Closing,
to repurchase Terra Ordinary Shares representing up to ten percent (10%) of Terra’s issued share capital determined as at close
of business at the day of the listing or the Terra Ordinary Shares on the Nasdaq Stock Market.

Reduction of Share Capital

The Terra general meeting may resolve to reduce
Terra’s issued and outstanding share capital by reducing the nominal value of shares through amendment of the Terra Articles of
Association, cancelling shares held by the Company itself and cancelling all Terra Preferred Shares without repayment of their nominal
value. A resolution to cancel all issued Terra Preferred Shares will be subject to the approval of the meeting of holders of Terra Preferred
Shares.

A resolution of the Terra general meeting to
reduce the share capital will require a majority of at least two-thirds of the votes cast at a Terra general meeting if less than half
of the issued share capital is represented at the meeting. If half or more of the issued share capital is represented at the meeting,
this resolution will be adopted with a simple majority of the votes cast.

In addition, Dutch law contains detailed provisions
regarding the reduction of capital. A resolution to reduce the issued and outstanding share capital shall not take effect before a two months
creditor opposition period has lapsed.

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Transfer of Shares

Terra shares are, in principle, freely transferable.
However, a transfer of one or more Terra Preferred Shares is subject to contractual transfer restrictions and can only be effected with
due observance of such contractual arrangements as set out in an agreement to be entered inter alia by and between the holders
of Terra Preferred Shares. Transfers must be in compliance with other applicable laws and regulations including the securities laws.

In accordance with the provisions of Dutch law
and the Terra Articles of Association, the transfer of Terra shares or creation of a right of pledge or right of usufruct thereon requires
a deed executed for that purpose and, save in the event Terra