Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 118

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 118
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 CFR, 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 Second Conversion Period, (A) the PubCo Trading Price is greater than $18.00, or (B) issuance of                
 an operating license of SOLO Test Reactor pursuant 10 CFR Part 50, whichever occurs earlier.                                              |

<div align='center'>64</div>

| ● | If, prior to the end of the applicable Conversion Period,                                                                              
 the applicable share price triggers have not been achieved, and PubCo enters into a definitive agreement that would result in a Change 
 of Control transaction, and (A) the price per share of PubCo Ordinary Shares payable to the shareholders of PubCo in such Change       
 of Control transaction (the “Change of Control Offer Price”) is at least $5.00 per share, then as of immediately prior to              
 the closing of such Change of Control transaction, (x) the applicable share price triggers that have not been achieved shall be        
 deemed to have been satisfied, and (y) the PubCo Preferred Shares shall convert into PubCo Ordinary Shares at the Preferred/Ordinary   
 Conversion Ratio described above as if such Change of Control Offer Price constituted the applicable share price trigger pursuant to   
 the Business Combination Agreement; or (B) the Change of Control Offer Price is less than $5.00 per share but greater than $2.50       
 per share, then as of immediately prior to the closing of such Change of Control transaction, half of the PubCo Preferred Shares that  
 have not yet converted shall convert into PubCo Ordinary Shares at the Preferred/Ordinary Conversion Ratio.                            |

| ● | Any PubCo Preferred Share that is not converted into PubCo                                                                           
 Ordinary Shares during the applicable Conversion Period will remain outstanding, provided that any PubCo Preferred Share that is not 
 converted within 20 years of issuance shall be transferred to PubCo and subsequently cancelled by PubCo for no consideration (om     
 niet).                                                                                                                               |

Upon the Closing, PAC received additional shares
in the form of 40 PubCo Preferred Shares and a warrant exercisable for up to 1,000,000 PubCo Ordinary Shares at an exercise price