Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 164

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 164
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 Terra Articles of Association, Terra shall indemnify each current or former Terra director in any anticipated or pending action, suit, proceeding or investigation for any claim against that Terra director that such Terra director may derive from exercising his respective duties as a Terra director for any and all:

| ● | costs and expenses, including but not limited to substantiated                                                              
 attorneys’ fees, reasonably incurred in relation to that Terra director’s defences in the relevant action, suit, proceeding 
 or investigation or a settlement thereof;                                                                                   |

| ● | liabilities, losses, damages, fines, penalties and other claims                                                                        
 and/or financial effects of judgements against that Terra director, excluding any reputational damages and (other) immaterial damages; 
 and                                                                                                                                    |

| ● | payments by that Terra director and/or any other financial effects                                                                        
 resulting from a settlement of such action, suit, proceeding or investigation, excluding any reputational damages and (other) immaterial  
 damages, subject to prior written approval of such settlement by Terra (such approval not to be unreasonably withheld), provided he acted 
 in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of Terra or out of his mandate,      
 and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.                      |

Any indemnification by Terra pursuant to the Terra Articles Association described above (i) shall be made only upon a determination by the Terra board of directors that indemnification of the Terra director is proper under the circumstances because he had met the applicable standard of conduct set forth above, and (ii) may be paid by Terra in advance of the final disposition of the relevant anticipated or pending action, suit or proceeding against that Terra director, upon a resolution of the Terra board of directors with respect to the specific case. 110 A Terra director, current or former, shall not be entitled to any indemnification pursuant to the Terra Articles of Association, if and to the extent:

| ● | a competent court, a judicial tribunal or, in case of an arbitration,                                                                  
 an arbitrator or arbitral panel has established by final judgement that is not open to challenge or appeal, that the acts or omissions 
 of the current or former Terra director can be considered intentional, willfully reckless or seriously culpable, unless this would in  
 the given circumstances be unacceptable according to the standards of reasonableness and fairness;                                     |

| ● | the costs or the decrease in assets of the current