Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 135

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 135
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’s website upon completion of the Business Combination. Code of Business Conduct and Ethics The Terra board of directors has adopted a code of ethics, which applies to Terra Innovatum’s employees, officers, and directors, as its own. A copy of such code of ethics is filed as an exhibit to the registration statement of which this prospectus forms a part. Officer and Director Compensation Following the Business Combination The Terra board of directors determines the remuneration of the directors of Terra with due observance of the remuneration policy adopted by the general meeting of Terra. Executive directors of Terra may not take part in the decision-making process in respect of the remuneration of executive directors. The Compensation Committee may validly resolve on ( rechtsgeldig besluiten tot) determining the remuneration of the individual directors, with due observance of the remuneration policy adopted by the Terra general meeting, without resolutions, approvals or other involvement of the Terra board of directors being required. Such resolution shall be considered to be a resolution of the Terra board of directors. The Compensation Committee will inform the Terra board of directors promptly after having adopted such a resolution. While we do not expect any material differences in the compensation of Terra Innovatum’s current executive officers once they become executive officers of Terra, we have not determined whether and to what extent directors of Terra and Terra Innovatum will be paid for their service as directors. 91 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS During the years ended December 31, 2024 and December 31, 2023, Terra Innovatum earned other income of $129,170 and $38,941, respectively, for engineering consulting services provided to related parties. The consulting services are unrelated to the core business of Terra Innovatum and are included in the statement of operations under other income — related parties. As of December 31, 2024 and 2023, Terra Innovatum had amounts due from related parties of $0 and $8,830, respectively. These amounts corresponded to unbilled amounts due from a related party for engineering consulting services provided during the years ended December 31, 2024 and 2023. During the year ended December 31, 2024, Terra Innovatum entered into an interest-free loan agreement with its quotaholders. The total loan amount of $216,212 is to be provided in cash installments by January 15, 2025. As of December 31, 2024, quotaholders advanced $106,780 of