{"url_path":"/sec/nklr/10-k/2026/item-2","section_key":"item-2","section_title":"Item 2 PROPERTIES.**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-16","source_url":"https://www.sec.gov/Archives/edgar/data/2067627/0001213900-26-068933-index.html","accession_number":"0001213900-26-068933","cik":"0002067627","ticker":"NKLR","issuer_name":"Terra Innovatum Global N.V.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2067627/0001213900-26-068933-index.html","primary_entity_key":"0002067627","primary_entity_name":"Terra Innovatum Global N.V."},"word_count":238,"has_tables":true,"body_markdown":"**ITEM 2. PROPERTIES.**\n\n \n\nOur headquarters are in Lucca, Italy. The offices\nare sub-leased. On April 1, 2025, the Company entered into a lease agreement with Nine Nuclear and Industrial Engineering S.R.L., a Related\nParty, to sublease three office rooms from a property unit located in Lucca, Sorbano del Giudice, Via della Chiesa XXXII n. 759. The three\noffice rooms will be used exclusively for professional office purposes and related activities. The term of the lease agreement is 24 months\nstarting from April 1, 2025 and ending on March 31, 2027. Each party may withdraw from the lease agreement at any time before the expiration\ndate of the contract. The rent is €11,400 ($12,320 USD) per annum, €950 ($1,027 USD) per month plus €50 ($54 USD) monthly\nas a flat-rate reimbursement for utilities and cleaning costs (the **“Lease Fee”**), with the total monthly amount to be\npaid 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\nindices for worker and employee families as determined by the Italian Statistics Day in the previous year and subsequently year by year,\nwith the first update taking effect on April 1, 2026. The lease agreement is subject to VAT according to Italian tax regulations.\n\n \n\nWe believe that all our\nproperties have been adequately maintained, are generally in good condition, and are suitable and adequate for our business."}