Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 147

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 147
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 the Company.                                                           |

The Terra board of directors
has undertaken a review of the independence of each director and considered whether each director of Terra has a material relationship
with Terra that could compromise his or her ability to exercise independent judgment in carrying out his or her responsibilities. Rex
Jackson, Katherine Williams, Michael Howard and Peter Hastings are considered “independent directors” as defined under the
listing requirements and rules of Nasdaq and the applicable rules of the Exchange Act.

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In addition, certain provisions
regarding the independency of non-executive directors apply based on the DCGC. The composition of the non-executive directors is
such that the members are able to operate independently and critically vis-à-vis one another, the executive directors and
any particular interests involved. The composition of the non-executive directors should be such that they are able to operate independently
and critically vis-à-vis one another, the executive directors and any particular interests involved. In order to safeguard
the independence of the non-executive directors, certain independency criteria apply, being in any case that the DCGC stipulates that
a majority of the non-executive directors should be independent within the meaning of the DCGC and that for each shareholder or group
of affiliated shareholders directly or indirectly holding more than 10 per cent of the shares in Terra, there is at most one executive
director who can be considered to be affiliated with or representing them in conformity with the independence rules as included in the
DCGC.

Furthermore, the chairperson
of the Terra board of directors should not be a former executive director and should be independent within the meaning of the DCGC.

All of Terra’s non-executive
directors, qualify as independent within the meaning of the DCGC.

Diversity and Director and Officer Qualifications

Terra has not formally established
any specific, minimum qualifications that must be met by each of its directors. However, Terra generally evaluates the following qualities:
educational background, diversity of professional experience, including whether the person is a current or was a former chief executive
officer or chief financial officer of a public company or the head of a division of a prominent international organization, knowledge
of Terra’s business, integrity, professional reputation, independence, wisdom, and ability to represent the best interests of Terra’s
shareholders.

Furthermore, from the moment
Terra qualifies as a so-called “large company” under Dutch law, it will be subject to the gender