Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 176

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 176
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 an interim
statement of assets and liabilities. Such interim statement shall show Terra’s financial position not earlier than on the first day
of the third month before the month in which the resolution to make the interim distribution is announced. An interim dividend can only
be paid if (i) an interim statement of assets and liabilities is drawn up showing that the funds available for distribution are
sufficient, and (ii) Terra ’s shareholders’ equity exceeds the sum of the paid-up and called-up share capital any reserves
to be maintained by Dutch law or the Terra Articles of Association. Interim distributions will be made in cash, in kind or in the form
of Terra Ordinary Shares.

Holders of Terra Preferred Shares will not receive
any dividends in respect of the Terra Preferred Shares; however, Terra will maintain a separate dividend reserve for Terra Preferred
Shares for the sole purpose of the allocation of the mandatory minimal profits that accrue to the Terra Preferred Shares. Any distribution
out of a preferred shares dividend reserve or the partial or full release of any such reserve will require a prior proposal from the
Terra board of directors and a resolution of the meeting of holders of Terra Preferred Shares, and will be made exclusively to the holders
Terra Preferred Shares in proportion to the aggregate nominal value of such Terra Preferred Shares.

Distributions will be payable on the day
determined by the Terra board of directors. Distributions will lapse if the distributions are not claimed within five years and
one day following the date when they became payable.

<div align='center'>106</div>

Board of Directors

Terra Board of Directors Composition

Pursuant to the Terra Articles of Association,
Terra will have a one-tier board consisting of one or more Terra executive directors and two or more Terra non-executive directors. The
Terra board of directors will determine the number of Terra executive directors and Terra non-executive directors, provided that the
majority of the Terra board of directors will consist of Terra non-executive directors.

The Terra board of directors will initially be
composed of nine members, and shall be composed as described in “Management.”

The Terra board of directors is the executive
and supervisory body of Terra. It is entrusted with the management of Terra, supervises the general course of affairs in Terra and the
business affiliated with Terra and is responsible for the continuity of Terra. The Terra board of directors is accountable for these
matters to the Terra general meeting. The Terra board of directors’ responsibilities include, among other things,