Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 162

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 162
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) and Peter Hastings.

The purpose of the Compensation Committee is to assist the Terra board
of directors to (A) carry out the Terra board of directors’ overall responsibility relating to organizational strength and
executive compensation; (B) assist the Terra board of directors in overseeing Terra’s employee compensation policies and practices,
including (i) determining and approving the compensation of Terra’s Chief Executive Officer (“CEO”) and Terra’s
other executive officers, and (ii) reviewing and approving incentive compensation and equity compensation policies and programs,
and exercising discretion in the administration of such programs; and (C) produce the annual report of the Compensation Committee
required by the rules of the SEC.

The Terra board of directors operates pursuant
to a written charter for the Compensation Committee which is available on Terra’s website.

Nominating and Corporate Governance Committee

Our Nominating and Corporate Governance Committee
consist of three directors, each of whom is a non-executive director of Terra’s board of directors and an independent director
under Nasdaq’s listing standards. The Nominating and Corporate Governance Committee is responsible for overseeing the selection
of persons to be nominated to serve on Terra’s board of directors. The members of the Nominating and Corporate Governance Committee
are Peter Hastings (Chair), Michael Howard and Katherine Williams.

The purpose of the Nominating and Corporate
Governance Committee is to assist the Terra board of directors to (i) identify and screen individuals qualified to serve as directors
and recommend to the Terra board of directors candidates for nomination for election at the annual meeting of shareholders or to fill
Terra board of directors vacancies; (ii) develop, recommend to the Terra board of directors and review Terra’s Corporate Governance
Guidelines; (iii) coordinate and oversee self-evaluations of the Terra board of directors, its committees, individual directors
and management in the governance of Terra; (iv) review and approve, if appropriate, any related person transactions and other potential
significant conflicts of interest; and (v) review on a regular basis the overall corporate governance of Terra and recommend improvements
for approval by the Terra board of directors where appropriate.

The Terra Board operates pursuant to a written
charter for the Nominating and Corporate Governance Committee which will be available on Terra’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