Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 73

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 73
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 Parkway Development (“Rock
City”) to host the FOAK reactor, subject to customary approvals including, but not limited to, NRC approval. As a number of conditions
are expected to be required in order for Rock City to host the FOAK, we are concurrently examining potential alternative sites, including
other locations owned by the owner and developer of Rock City. To that effect, we signed an amendment to the original MoU on September 3,
2025 which provides us with an additional potential FOAK site.

Recent Developments

During the year ended December 31, 2024, we
entered into an interest-free loan agreement (the “2024 Loan Agreement”) with our quotaholders for approximately $216,212,
which was provided in full by March 31, 2025. The loan is scheduled to mature on December 31, 2040, with automatic annual
extensions permitted until December 31, 2045, unless payment is requested by the quotaholders.

On March 21, 2025, we entered into a second
interest-free loan agreement (the “2025 Loan Agreement”) with our quotaholders. The total loan amount of $220,749 is
to be provided in cash installments by April 10, 2025, and matures on December 31, 2040. The maturity is subject to annual extensions
until December 31, 2024, unless repayment is requested by the quotaholders.

As of June 30, 2025, quotaholders advanced
a total of $326,307 related to the 2024 and 2025 Loan Agreements. These loans were paid off at or before Closing.

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Pre-application activities for SOLO micro reactor

Following an informal introductory meeting in November 2024,
on January 24, 2025, we engaged in pre-application activities with the NRC for our SOLO micro reactor design, to streamline the licensing
process through the submission of the Regulatory Engagement Plan (“REP”).

Board Advisor Agreement

In March 2025, we entered into a director advisor
agreement with Livio Bisterzo who will engage as an independent contractor to serve as a strategic development and operational advisor
to our board of directors. The term of the agreement is 30 months and outlines Mr. Bisterzo’s responsibilities, which
include enhancing our market presence, expanding strategic partnerships, and supporting capital-raising initiatives. Compensation includes
a grant