Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 292

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 292
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the date the financial statements were available to be issued, and determined that there have been no events that have occurred that would
require adjustments to disclosures in the financial statements other than the following:

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 $214,563 (€183,560 Euros) plus value added
tax (“VAT”), including an initial payment of $14,027 (€11,971 Euros) paid 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 $93,912, with
work scheduled to be completed by September 30, 2025.

Q3 2025 Bridge Loans

In August and September 2025, multiple lenders committed
to loan $690,000 to the Company, in the aggregate, to be evidenced by unsecured debt note subscription agreements (the “Q3 2025
Bridge Loans”). In August and September 2025, each of the lenders entered into an unsecured debt note subscription agreement. In
accordance with the terms of the agreements, the Q3 2025 Bridge Loans bear interest at a fixed annual rate of 15%, PIK and calculated
on the outstanding principal balance. The Q3 2025 Bridge Loans mature one year from their respective issuance dates and are subject to
mandatory early redemption upon the consummation of a qualifying business combination, such as the Merger. In such an event, all accrued
and unaccrued interest becomes immediately due and payable on the 30th day following the completion of the qualifying transaction.

In August and September 2025, the Company entered
into letter agreements to convert the Q3 2025 Bridge Loans into ordinary shares of Terra Innovatum Global if the Merger is completed (the
“Q3 2025 Bridge Loan Conversion”). Per the terms of the agreements, if the