Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 193

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 193
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 or as a fully liable partner in a partnership,
provided that the cooperation or cancellation is of material significance to Terra; and (iii) acquiring or disposing of a participating
interest in the share capital of a company with a value of at least one-third (1/3) of Terra’s assets, as shown in the balance sheet
with explanatory notes according to the last adopted annual accounts, by Terra or a subsidiary.

The Terra board of directors may also adopt resolutions
outside of a meeting, provided that such resolutions are recorded in writing or otherwise and that none of the Terra directors entitled
to vote objects to this manner of decision-making.

Meetings of the Terra board of directors may be
held by means of an assembly of Terra directors in person or by telephone, video conference or any other means of electronic communication,
provided that all Terra directors participating in such meetings are able to communicate with each other simultaneously.

Representation

The Terra board of directors as a whole and any
Terra executive director acting individually will be authorized to represent Terra. The Terra board of directors may appoint officers
with general or limited power to represent Terra.

Each officer shall be competent to represent Terra,
subject to the restrictions imposed on him. The Terra board of directors shall determine each officer’s title. Such officers may
be registered with the Dutch trade register, indicating the scope of their power to represent Terra.

Indemnification of Terra directors and officers

Pursuant to the Terra Articles of Association, Terra
shall indemnify each current or former Terra director in any anticipated or pending action, suit, proceeding or investigation for any
claim against that Terra director that such Terra director may derive from exercising his respective duties as a Terra director for any
and all:

| ● | costs and expenses, including but not limited to substantiated                                                              
 attorneys’ fees, reasonably incurred in relation to that Terra director’s defences in the relevant action, suit, proceeding 
 or investigation or a settlement thereof;                                                                                   |

| ● | liabilities, losses, damages, fines, penalties and other claims                                                                        
 and/or financial effects of judgements against that Terra director, excluding any reputational damages and (other) immaterial damages; 
 and                                                                                                                                    |

| ● | payments by that Terra director and/or any other financial effects                                                                        
 resulting from a settlement of such action, suit, proceeding or investigation, excluding any reputational damages and (other) immaterial  
 damages, subject to prior written approval of such settlement by Terra (such approval not to be unreasonably withheld), provided