Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 74

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 74
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, following the consummation of the Business Combination, of an option to purchase 1,068,000 shares in the post-combination
public entity. The exercise price of the option will be determined by the Terra’s board of directors at the time of grant and will
vest in 30 equal monthly installments, subject to the fulfillment of key performance indicators.

Lease Agreement

On April 1, 2025, we entered into a lease agreement
with Nine Nuclear and Industrial Engineering S.R.L. (“Nine”), a related party, to sublease three office rooms from a property
unit located in Lucca, Sorbano del Giudice, Via della Chiesa XXXII n. 759. The three office rooms will be used exclusively for professional
office purposes and related activities. The term of the lease agreement is 24 months starting from April 1, 2025 and ending
on March 31, 2027. Each party may withdraw from the lease agreement at any time before the expiration date of the contract. The rent
is $12,305 (€11,400 Euros) per annum, $1,025 (€950 Euros) per month plus $54 (€50 Euros) monthly as a flat-rate reimbursement
for utilities and cleaning costs (the “Lease Fee”), with the total monthly amount to be paid no later than the 10
of each month. The Lease Fee will be updated annually by 75% of the variation in the official 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, we have paid $3,281 in rent.

Merger

On April 21, 2025, Terra, GSR III, and
such other parties that may become parties entered into a merger agreement (the “Merger Agreement”). The following are the
transactions contemplated in the Merger Agreement:

Pre-Closing Restructuring

Terra has undergone a pre-closing restructuring
(the “Terra Pre-Closing Restructuring”):

| ● | Conversion:    Immediately                                                                
 after the Contribution Terra Innovatum Global converted from an Italian limited liability 
 company into a Dutch public limited company, Terra Innovatum Global N.V.                  |

Formation of Terra MergerCo

After the Terra Pre-closing Restructuring