Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 266

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 266
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000, along with 623,000 shares of the SPAC/combined entity’s common stock, subject to vesting conditions
tied to shareholder milestones, and 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 PAC, capped at $50,000
unless otherwise agreed.

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

As of December 31, 2024, the Company has incurred
$46,800 in advisory fees, related to the Retainer Fee and LOI Signature Fee. Future obligations under this agreement remain contingent
upon the execution and closing of the business combination.

Note 6. Prepaid expenses and other current assets

Prepaid expenses and other current assets consisted
of the following:

|                                                 |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:------------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Prepaid expenses                                |     | $ |       63,109 |     | $ |            — |
| Taxes receivables                               |     |   |          970 |     |   |        1,367 |
| Total prepaid expenses and other current assets |     | $ |       64,079 |     | $ |        1,367 |

<div align='center'>F-46

Terra Innovatum, Srl.
Notes to the Financial Statements</div>

Note 7. Accrued Expenses and other current liabilities

Accrued expenses and other current liabilities consisted
of the following:

|                                                      |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:-----------------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Wages payable                                        |     | $ |       10,070 |     | $ |        7,603 |
| Taxes payable                                        |     |   |       10,395 |     |   |        1,435 |
| Other                                                |     |   |           58 |     |   |           24 |
| Total accrued expenses and other current