Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 350

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 350
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basedequity awards will immediately vest assuming target performance. 181 PubCo Board of Director Compensation Board Fees Payable in Cash NEO’s who are also directors of PubCo will receive no additional compensation for serving on the Board of Directors. It is anticipated that non -executivedirectors will receive the following compensation and other benefits: •The Chairperson of the Board, who will be a non -executivedirector, will receive an annual base fee for services in the amount of $120,000; •Annual Base Fees for Services by all non -executivedirectors of $80,000 payable in cash on a quarterly basis •Non -executivedirectors serving on board committees will each receive $15,000, on an annual basis, payable quarterly in cash for each committee on which they serve; and Non -executivedirectors chairing a board committee will each receive $5,000 on an annual basis, payable quarterly in cash (in addition to the $15,000 fees payable for serving on each board committee). Equity Incentive Awards While the exact number and type of award has not yet been determined, an initial award in the form of RSU’s or options equal to one year’s base fees will be issued to each non -executivedirector upon consummation of the Business Combination. The initial awards will vest 100% after the first year of service, or upon the earlier of a change in control or termination without cause. After one year of service annual awards equal to one year’s base fee will be issued vesting on a quarterly basis, with accelerated vesting upon a change of control or termination without cause. Executive Compensation Prior to Consummation of the Business Combination Terra has directorship agreements with each of Messrs. Petruzzi, Frepoli and Cherubini. The agreements will terminate and be replaced with employment agreements between each of the NEOs and PubCo after the consummation of the Business Combination. The compensation terms are as follows: Directorship Agreement with Alessandro Petruzzi, dated April 5, 2025 Pursuant to the terms of the Directorship Agreement, Mr. Petruzzi serves in the role of Chief Product Officer. From April 5, 2025 to June 30, 2025, the monthly gross compensation was €17,384. Commencing on July 1, 2025, monthly gross compensation increased to €21,729. Mr. Petruzzi also received a one -timepayment