Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 117

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 117
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 PubCo Preferred Shares issued in connection with the Closing will have the PubCo Preferred Shares mandatorily
convert subsequent to the Closing into PubCo Ordinary Shares, subject to the following contingencies:

| ● | An amount equal to 25% of PubCo Preferred Shares (subject                                                                                 
 to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization with respect     
 to the PubCo Preferred Shares), in the aggregate among the Terra Innovatum Global Quotaholders in accordance with their pro rata portion, 
 if at any time during the five-year period following the Closing (the “First Conversion Period”), (A) the volume weighted                 
 average price (“VWAP”) of the PubCo Ordinary Share for any five Trading Days within any 20 Trading Days period                            
 (“PubCo Trading Price”) is greater than $12.00, or (B) the submittal and docketing of at least 10 of the planned Pre-Application          
 Topical Reports following the NEI Guidance has occurred, whichever occurs earlier.                                                        |

| ● | An amount equal to 25% of PubCo Preferred Shares (subject                                                                                 
 to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization with respect     
 to the PubCo Preferred Shares), in the aggregate among the Terra Innovatum Global Quotaholders in accordance with their pro rata portion, 
 if at any time during the First Conversion Period, (A) the PubCo Trading Price is greater than $14.00, or (B) NRC docketing               
 of the SOLO Construction Permit Application, pursuant to 10 CFR Part 50, whichever occurs earlier.                                        |

| ● | An amount equal to 25% of PubCo Preferred Shares (subject                                                                                 
 to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization with respect     
 to the PubCo Preferred Shares), in the aggregate among the Terra Innovatum Global Quotaholders in accordance with their pro rata portion, 
 if at any time during the seven-year period following the Closing (the “Second Conversion Period”), and together with the                 
 First Conversion Period, the “Conversion Period”, (A) the PubCo Trading Price is greater than $16.00, or (B) acceptance                   
 and docketing of SOLO Test Reactor Construction Permit in compliance with the requirements of the Atomic Energy Act of 1954               
 as set forth in 10