Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 383

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 383
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 available for distribution are sufficient, and (ii) PubCo ’s shareholders’ equity exceeds the sum of the paid -upand called -upshare capital any reserves to be maintained by Dutch law or the PubCo Articles of Association. Interim distributions will be made in cash, in kind or in the form of PubCo Ordinary Shares. Holders of PubCo Preferred Shares will not receive any dividends in respect of the PubCo Preferred Shares; however, PubCo will maintain a separate dividend reserve for PubCo Preferred Shares for the sole purpose of the allocation of the mandatory minimal profits that accrue to the PubCo 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 PubCo board of directors and a resolution of the meeting of holders of PubCo Preferred Shares, and will be made exclusively to the holders PubCo Preferred Shares in proportion to the aggregate nominal value of such PubCo Preferred Shares. Distributions will be payable on the day determined by the PubCo 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. 204 Board of Directors PubCo Board of Directors Composition Pursuant to the PubCo Articles of Association, PubCo will have a one -tierboard consisting of one or more PubCo executive directors and two or more PubCo non -executivedirectors. The PubCo board of directors will determine the number of PubCo executive directors and PubCo non -executivedirectors, provided that the majority of the PubCo board of directors will consist of PubCo non -executivedirectors. The PubCo board of directors will initially be composed of seven members, and shall be composed as described in “ Board of Directors and Senior Management of PubCo After the Business Combination — Board of Directors of PubCo.” The PubCo board of directors is the executive and supervisory body of PubCo. It is entrusted with the management of PubCo, supervises the general course of affairs in PubCo and the business affiliated with PubCo and is responsible for the continuity of PubCo. The PubCo board of directors is accountable for these matters to the PubCo general meeting. The PubCo board of directors’ responsibilities include, among other things, developing a view on sustainable long -termvalue creation by PubCo, determining PubCo’s strategy and risk management policy, appointing and dismissing the senior internal auditor, annual assessment of the way in which the internal