Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 490

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 490
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 ARTICLE III, ARTICLE V, ARTICLE VI and
ARTICLE VII shall be true and correct (without giving any effect to any limitation as
to “materiality” or “Material Adverse Effect” or any similar limitation set forth therein) as of the date of this
Agreement and on and as of the Closing Date as if made on the Closing Date (except to the extent such representations and warranties expressly
relate to an earlier date, and in such case, shall be true and correct on and as of such earlier date).

(b) Agreements and Covenants.
Purchaser, the Pelican Merger Sub, the Greenland Merger Sub, the other Company and Holdco shall have performed all of their respective
obligations and complied with all of their respective agreements and covenants under this Agreement to be performed or complied with by
it on or prior to the Closing Date, except where compliance with any such obligation, agreement or covenant has been waived in writing
by the Companies.

(c) Reserved

(d) Closing Deliverables.

(i) Officer Certificate. Purchaser shall have delivered to the Companies a certificate, dated the Closing Date, signed by an executive officer
of the Purchaser in such capacity, certifying as to the satisfaction of the conditions specified in Sections 9.2(a) and 9.2(b).

<div align='center'>A-70</div>

(ii) Secretary Certificate. Purchaser shall have delivered to each Company a certificate from its secretary or other executive officer certifying
as to, and attaching, (A) copies of the Purchaser’s Organizational Documents as in effect as of the Closing Date, and (B) the resolutions
of Purchaser’s board of directors authorizing and approving the execution, delivery and performance of this Agreement and each of
the Ancillary Documents to which it is a party or by which it is bound, and the consummation of the transactions contemplated hereby and
thereby.

(iii) Good Standing. Purchaser shall have delivered to each Company a good standing certificate (or similar documents applicable for such
jurisdictions) for Purchaser, each Merger Sub and Holdco certified as of a date no earlier than thirty (30) days prior to the Closing
Date from the proper Governmental Authority of the Purchaser’s, each Merger Sub’s and Holdco’s jurisdictions of organization.

(iv) Letters of Transmittal. Each Company Shareholder shall have received a Letter of Transmittal from the Exchange Agent.

(v