Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 405

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 405
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 otherwise in writing, provided that the following duties and powers may not be allocated to the executive directors: •supervising the performance of the PubCo executive directors; •making a nomination for the appointment of PubCo directors, as set out in the PubCo Articles of Association; •determining a PubCo executive director’s remuneration; and •instructing an auditor, if the PubCo general meeting fails to do so. The PubCo board of directors may determine pursuant to the PubCo board regulations or otherwise in writing that one or more PubCo directors can lawfully adopt resolutions concerning matters belonging to their duties within the meaning of Section 2:129a(3) of the Dutch Civil Code. 213 Each director has a duty to PubCo to properly perform its duties. In the performance of their tasks, the directors shall be guided by the interests of PubCo and the enterprise connected with it. Under Dutch law, the interests of PubCo and the enterprise connected with it extend to the interests of all stakeholders, such as shareholders, creditors, employees, customers and suppliers. The PubCo board of directors shall designate a non -executivedirector as chairperson of the board of directors ( voorzitter) under Dutch law. The PubCo board of directors may in its discretion designate one of the non -executivedirectors as vice chairperson. Nomination and Appointment PubCo directors will be appointed by the PubCo general meeting on a binding nomination by the PubCo board of directors, provided that one non -executivedirectors shall be appointed on a binding designation by the Sponsor at Closing in accordance with the Business Combination Agreement. The PubCo general meeting will at all times be allowed to overrule a binding nomination for the appointment of a PubCo director by a simple majority of the votes cast, representing at least one -third(1/3) of the issued capital of the Company. If the nomination comprises one candidate for a vacancy, a resolution concerning the nomination shall result in the appointment of the candidate, unless the nomination is overruled. If the binding nomination for appointment of a director is overruled, a new binding nomination may be made. Term of Office; Suspension; Dismissal Each director shall be appointed for a maximum period of one year, provided that his term of office shall lapse immediately after the close of the annual general meeting of PubCo held in the year after his appointment. A director may be reappointed with due observance of the preceding sentence. A non -