Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 12

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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stop financing.

Pursuant to the agreement, the Company has committed
to a retainer fee of $50, payable upon execution of the engagement letter, and a LOI signature fee of $25, 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. Additionally, upon the closing of the business combination, Moonshot will be entitled
to (i) a cash success fee of $2,500, (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 $7.00 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 unless otherwise agreed.

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

9

For the three and nine months
ended September 30, 2025, the Company has incurred $17 and $284, respectively, in advisory fees, related to the Retainer Fee, LOI
Signature Fee and announcement milestone payment. Future obligations under this agreement remain contingent upon the execution and closing
of the business combination.

Loeb & Loeb LLP Agreement

On January 10, 2025,
the Company entered into an engagement letter with Loeb & Loeb LLP (“Loeb”) who has agreed to represent the Company
in connection with a SPAC merger, providing legal services including due diligence, drafting and reviewing key documents, and assisting
with SEC filings and exchange listings. The engagement is capped at $1,250 in fees, with $250 payable in staged retainer payments.
For the three and nine months ended September 30, 2025, the Company incurred $594 and $1,509 in fees, respectively.

Alliance Advisors, LLC Agreement

On May 9, 2025, the
Company entered into an engagement letter with Alliance Advisors, LLC (“Alliance”) which outlines the terms under which