Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 147

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 147
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 awards (other than performance-based equity 
 awards) as if the executive was still employed;                                          |

<div align='center'>87</div>

| (v) | any performance-based                                                                       
 equity awards, to the extent the performance criteria are met, which will be earned at 100% 
 of target, pro-rated based on the number of months executive worked during the performance  
 period; and                                                                                 |

| (vi) | the full vesting                     
 of all outstanding retention awards. |

If employment is terminated by the Company without
“cause” or by the executive for “good reason,” each in connection with a change in control, the executive will
be entitled to receive severance consisting of:

| (i) | a lump-sum equal to                       
 two years’ base salary plus target bonus; |

| (ii) | if the successor                                                                    
 fails to assume the annual incentive plan, a pro-rated portion of any annual bonus; |

| (iii) | continued medical,                              
 dental and vision coverage for up to 18 months; |

| (iv) | reimbursement of                                                                     
 outplacement services expenses incurred in the 12 months following termination up to 
 $25,000;                                                                             |

| (v) | the full vesting of       
 any retention awards; and |

| (vi) | the full vesting                                                                                
 of all equity awards other than performance-based awards and, with respect to performance-based 
 awards, vesting at 100% of target.                                                              |

The following will be defined in each employment
agreement:

| (i) | “cause”                                                                                      
 is defined as commission of any felony or any crime involving moral turpitude or dishonesty; 
 participation in a fraud against Terra or any of its affiliates; willful and material breach 
 of the executive’s duties that has not been cured within 30 days after written               
 notice from Terra of such breach; intentional and material damage to Terra’s or any          
 of its affiliates’ property; material violation of any policy of Terra or any of its         
 affiliates or material breach by the executive of his Employee Proprietary Information and   
 Inventions Assignment Agreement with Terra; and                                              |

| (ii) | “good reason”                                                                                
 is defined as a material diminution of executive’s aggregate compensation, including,        
 without limitation, base salary, annual bonus opportunity, and equity incentive compensation 
 opportunities (other than a base salary, annual bonus opportunity, or equity compensation    
 opportunity reduction of not more than 20% applicable to all similarly situated employees