Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 284

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 284
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 consumer price indices for worker and employee families as determined
by the Italian Statistics Day (“ISTAT”) in the previous year and subsequently year by year, with the first update taking effect
on April 1, 2026. As of June 30, 2025, the Company has paid $3,281 in rent.

<div align='center'>F-60

Terra Innovatum Global, Srl.
Notes to the Consolidated Financial Statements
(Unaudited)</div>

Note 5. Commitment and Contingencies

Moonshot Agreement

On December 18, 2024, the Company entered into
an engagement letter with Park Avenue Capital Group Corp. (“PAC”) which was immediately superseded to enter an agreement to
appoint Moonshot Warehouse LTD (“Moonshot”) who is an affiliate of PAC to provide financial advisory services in connection
with a potential business combination with a special purpose acquisition company (“SPAC”). Under the agreement, Moonshot is
engaged to assist with negotiation, structuring, and execution of the business combination, preparation of marketing materials, and securing
potential backstop financing.

Pursuant to the agreement, the Company has committed
to a retainer fee of $50,000, payable upon execution of the engagement letter, and a LOI signature fee of $25,000, payable upon signing
a mutually exclusive letter of intent with a SPAC. Upon the public announcement of the business combination, the Company will be
required to pay an announcement milestone fee of $225,000. Additionally, upon the closing of the business combination, Moonshot will be
entitled to (i) a cash success fee of $2,500,000, (ii) 623,000 shares of the SPAC/combined entity’s ordinary shares, of
which 223,000 shares shall be issued at the time of the closing of the business combination and the remaining 400,000 shares shall be
issued in four tranches, subject to vesting conditions tied to certain milestones, and (iii) one million warrants with a strike price
of $7 per share, exercisable within 60 months from the business combination closing date.

The agreement includes an expense reimbursement
provision, under which the Company is responsible for reasonable, pre-approved out-of-pocket expenses incurred by Moonshot, capped at
$50,000 unless otherwise agreed.

Additionally, the Company has agreed to indemnify
Moonshot for certain liabilities arising from its engagement.

As of June 30,