Company: NKLR
Filing Date: 2025-10-16
Form Type: 8-K
Source: 0001213900-25-099636
Chunk: 5

Company: Terra Innovatum Global N.V.
Filing Date: 2025-10-16
Form: 8-K
Item: Item 2.01
Chunk 5
---
of the Board

The
Combined Company’s Board has three standing committees: Audit Committee, Compensation Committee and a Nominating/Corporate Governance
Committee, each of which has the composition and responsibilities described below. Members serve on these committees until their resignation
or until otherwise determined by our Board. Each committee operates under a charter that was approved by the Board. The Board may from
time to time establish other committees.

Audit
Committee

Our
Audit Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act and consists of Rex Jackson,
Michael Howard, and Martha Crawford, each of whom is a non-executive director of PubCo’s board of directors and an independent
director as well as “financially literate” as defined under the Nasdaq listing standards. Rex Jackson serves as chairperson
of the Audit Committee, who also qualifies as an “audit committee financial expert,” as defined under rules and regulations
of the SEC.

The
purpose of the Audit Committee is to prepare the audit committee report required by the SEC to be included in PubCo’s proxy statement
and to assist the PubCo board of directors to (A) oversee: (i) accounting and financial reporting processes and the audits
of the financial statements of PubCo; (ii) the integrity of PubCo’s financial statements; (iii) PubCo’s processes
relating to risk management and the conduct and systems of internal control over financial reporting and disclosure controls and procedures;
(iv) the qualifications, engagement, compensation, independence and performance of PubCo’s independent auditor, and the auditor’s
conduct of the annual audit of the PubCo’s financial statements and any other services provided to PubCo; and (v) the performance
of PubCo’s internal audit function, if any; and (B) produce the annual report of the Audit Committee required by the rules
of the SEC.

The
Audit Committee operates pursuant to a written charter for the Audit Committee which is available on PubCo’s website, a copy of
which is also attached hereto as Exhibit 99.3 and incorporated herein by reference.

Compensation
Committee

Our
Compensation Committee consists of Michael Howard and Peter Hastings, each of whom is a non-executive director of PubCo’s
board of directors and an independent director under Nasdaq’s listing standards. Michael Howard serves as the chairperson of the
Compensation Committee.

The
purpose of the Compensation Committee is to assist the PubCo board of directors to (