Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 54

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 54
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 on our business, results of operations and financial condition.

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We intend to be treated exclusively as a resident of the Republic of Italy for tax purposes, but Dutch or other tax authorities may seek to treat us as a tax resident of another jurisdiction as a result of which we could be subject to increased and/or different taxes.

We intend to continue being resident for fiscal
purposes exclusively in the Republic of Italy. Indeed, we intend to maintain management and organizational structure in such a manner
that (i) our place of effective management would be in Italy and we should be regarded as a tax resident of Italy for Italian domestic
law purposes; (ii) we should be considered to be exclusively tax resident in Italy for purposes of the applicable tax treaties,
including the Convention between the Kingdom of the Netherlands and the Republic of Italy for the avoidance of double taxation and the
prevention of fiscal evasion with respect to taxes on income and on capital (the “Italy-Netherlands Tax Treaty”);
and (iii) we should not be regarded as a tax resident of any jurisdiction other than Italy, either for purposes of the domestic
tax laws of such jurisdiction or for the purposes of any applicable tax treaty.

However, the determination of our tax residency
depends primarily upon our place of effective management, which is largely a question of fact, based on all relevant circumstances.

Therefore, no assurance can be given regarding
the final determination of our tax residency by tax authorities. In addition, changes to applicable laws and income tax treaties or interpretations
thereof and changes to applicable facts and circumstances (e.g., a change of board members or the place where board meetings take place),
may have a bearing on the determination of our tax residency and the consequent tax treatment.

If the competent tax authorities of a jurisdiction
other than Italy, including the Netherlands, take the position that we should be treated as (exclusively) tax resident of that jurisdiction
for purposes of an applicable tax treaty, we would be subject to corporation tax and all distributions made by us to our shareholders
would be subject to any applicable dividend withholding tax in such other jurisdiction(s) as well as in Italy.

To resolve any dual tax residency issue, we may
have access to a mutual agreement procedure and/or dispute resolution mechanisms under an applicable tax treaty and the dispute resolution
mechanism under the EU Arbitration Directive (if it is an EU jurisdiction), or we could submit our case for judicial review by the relevant
courts.

These procedures would require substantial