Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 338

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 338
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 or any of its subsidiaries. To be considered independent for purposes of Rule 10C -1under the Exchange Act and under the rules of Nasdaq, the board of directors must affirmatively determine that the member of the compensation committee is independent, including a consideration of all factors specifically relevant to determining whether the director has a relationship to the company which is material to that director’s ability to be independent from management in connection with the duties of a compensation committee member, including, but not limited to: (i)the source of compensation of such director, including any consulting, advisory or other compensatory fee paid by the company to such director; and (ii)whether such director is affiliated with the company, a subsidiary of the company or an affiliate of a subsidiary of the company. The PubCo board of directors has undertaken a review of the independence of each director and considered whether each director of PubCo has a material relationship with PubCo that could compromise his or her ability to exercise independent judgment in carrying out his or her responsibilities. As a result of this review, PubCo anticipates that ________________, ___________, _________ and ________ will be considered “independent directors” as defined under the listing requirements and rules of Nasdaq and the applicable rules of the Exchange Act. In addition, certain provisions regarding the independency of non -executivedirectors apply based on the DCGC. The composition of the non -executivedirectors is such that the members are able to operate independently and critically vis -à-visone another, the executive directors and any particular interests involved. The composition of the non -executivedirectors should be such that they are able to operate independently and critically vis -à-visone another, the executive directors and any particular interests involved. In order to safeguard the independence of the non -executivedirectors, certain independency criteria apply, being in any case that the DCGC stipulates that a majority of the non -executivedirectors should be independent within the meaning of the DCGC and that for each shareholder or group of afliated shareholders directly or indirectly holding more than 10 per cent of the shares in PubCo, 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 PubCo board of directors should not be a former executive director and should be independent within the meaning of the DCGC. All of Pub