Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 406

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 406
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 or other amounts otherwise
paid or delivered in connection with the transactions contemplated by this Agreement, such amounts that any such Person is required to
deduct and withhold under any applicable Tax Law; provided, however, that the Parties do not expect any such deductions or withholding
to occur and each of the Parties shall (and shall cause their respective Affiliates to) reasonably cooperate to eliminate or reduce any
such withholding or deduction. To the extent that amounts are so deducted and withheld and remitted to the applicable Governmental Authority,
such deducted and withheld amounts shall be treated as having been paid to the Person in respect of which such deduction and withholding
was made. Before making any deduction or withholding pursuant to this Section 1.12, the
withholding Party shall give the withheld upon Party reasonable advance notice of any anticipated deduction or withholding and provide
the withheld upon Party with reasonable opportunity to provide any forms or other documentation or take such other steps in order to avoid
or mitigate such deduction or withholding.

<div align='center'>ARTICLE II.
CLOSING</div>

2.1 Closing.Subject
to the satisfaction or waiver of the conditions set forth in ARTICLE IX or unless this
Agreement is earlier terminated in accordance with ARTICLE IX, the consummation of the
transactions contemplated by this Agreement (the “Closing”) shall take place by electronic exchange of executed
documents on a date and at a time to be agreed upon by the Parties, which date shall be no later than the second (2nd) Business Day after
all the Closing conditions to this Agreement have been satisfied or, if permissible, waived (other than those conditions that by their
nature are required to be satisfied at the Closing, it being understood that the occurrence of the Closing shall remain subject to the
satisfaction, or if permissible, waiver of such conditions at the Closing), or at such other date, time or place (including remotely)
as the Parties may mutually agree (the date and time at which the Closing is actually held being the “Closing Date”).

<div align='center'>A-12</div>

<div align='center'>ARTICLE III.
REPRESENTATIONS AND WARRANTIES OF THE PURCHASER</div>

Except as set forth in (a) the
disclosure schedules delivered by Purchaser to the Companies and Holdco on the date hereof (the “Purchaser Disclosure Schedules”),
the Section numbers of which are numbered to correspond to the Section numbers of this Agreement to which they refer, or (b) the