Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 194

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 194
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 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.

<div align='center'>115</div>

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 or former                                                             
 Terra director are/is covered by an insurance and the insurer started payment of the costs or the decrease in assets; or |

| ● | Terra and/or a company in the group brought the procedure in                                                          
 question up before the relevant court, judicial tribunal or, in case of an arbitration, arbitrator or arbitral panel, |

in which event he shall immediately repay any amount paid
to him (in advance, as the case may be) by Terra in connection with the indemnification described herein.

This indemnification by Terra will not be exclusive
of any other rights to which those indemnified may be entitled otherwise.

Vacancies and Inability

If the seat of an Terra executive director is vacant
or upon the inability of an Terra executive director, the remaining Terra executive directors will temporarily be entrusted with the executive
management of Terra, provided that the Terra board of directors can temporarily fill vacancies without requiring a shareholder vote.

If the seats of all Terra executive directors are
vacant or upon the