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

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 31, 2027. Each party may withdraw from the lease agreement at any time before the expiration date of the
contract. The rent is $12 (€11 Euros) per annum, $1 (€1 Euros) and an immaterial monthly fee 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 10th
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. During the three and nine months ended September 30, 2025, the Company paid $3 and
$7 in rent, respectively.

Engineering Services Agreement

On July 11, 2025, the
Company entered into an engineering services agreement with Nine, a related party, to support the design of the SOLO project. Per the
terms of the agreement, Nine committed to deliver certain technical services to the Company with a total value of $215 (€184
Euros) plus value added tax (“VAT”). The Company paid an initial one-time payment of $131 in September 2025.

FPoliSolutions LLC Agreement

On July 23, 2025, the Company entered into an engineering
services agreement with FPoliSolutions LLC (“FPoli Solutions”), a related party. As per the terms of the agreement, FPoliSolutions
will provide support for the development of the SOLO Micro Modular Reactor including technical assistance in safety analysis, hazard modeling,
radiological consequence evaluation, risk-informed safety assessments, and techno-economic analysis for $90 with work completed during
September 2025.

Note 5. Commitment and Contingencies

Moonshot Agreement

On December 18, 2024, the Company entered into
an engagement letter with Park Avenue Capital Group Corp. (“PAC”) which was immediately superseded to enter an agreement to
appoint Moonshot Warehouse LTD (“Moonshot”) who is an affiliate of PAC to provide financial advisory services in connection
with a potential business combination with a special purpose acquisition company (“SPAC”). Under the agreement, Moonshot is
engaged to assist with negotiation, structuring, and execution of the business combination, preparation of marketing materials, and securing
potential back