Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 482

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 482
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) years after such termination, it shall, and shall cause its Representatives to: (i) treat and hold in
strict confidence any Company Confidential Information, and will not use for any purpose (except in connection with the consummation of
the transactions contemplated by this Agreement or the Ancillary Documents, performing its obligations hereunder or thereunder or enforcing
its rights hereunder or thereunder), nor directly or indirectly disclose, distribute, publish, disseminate or otherwise make available
to any third party any of the Company Confidential Information without the applicable Company’s prior written consent; and (ii)
in the event that the Purchaser or any of its Representatives, during the Interim Period or, in the event that this Agreement is terminated
in accordance with ARTICLE X, for a period of two (2) years after such termination, becomes
legally compelled to disclose any Company Confidential Information, (A) provide the applicable Company to the extent legally permitted
with prompt written notice of such requirement so that such Company may seek, at such Company’s sole expense, a protective Order
or other remedy or waive compliance with this Section 7.16(b) and (B) in the event that
such protective Order or other remedy is not obtained, or the applicable Company waives compliance with this Section 7.16(b), furnish only that portion of such Company Confidential Information which is legally required to be provided as advised
in writing by outside counsel and to exercise its commercially reasonable efforts to obtain assurances that confidential treatment will
be accorded such Company Confidential Information. In the event that this Agreement is terminated and the transactions contemplated hereby
are not consummated, the Purchaser shall, and shall cause its Representatives to, promptly deliver to the applicable Company or destroy
(at the Purchaser’s election) any and all copies (in whatever form or medium) of Company Confidential Information and destroy all
notes, memoranda, summaries, analyses, compilations and other writings related thereto or based thereon; provided, however, that
the Purchaser and its Representatives shall be entitled to keep any records required by applicable Law or bona fide record retention policies;
and provided, further, that any Company Confidential Information that is not returned or destroyed shall remain subject to the
confidentiality obligations set forth in this Agreement. Notwithstanding the foregoing, the Purchaser, Holdco and their respective Representatives
shall be permitted to disclose all Company Confidential Information to the extent required by the Federal Securities Laws.

7.17 Post-Closing Board of Directors and