Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 499

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 499
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 intends and understands such waiver to be valid, binding and enforceable against such Party
and each of its Affiliates under applicable Law. To the extent that each Company or any of their respective Affiliates commences any Action
based upon, in connection with, relating to or arising out of any matter relating to Purchaser or its Representatives, which Proceeding
seeks, in whole or in part, monetary relief against Purchaser or its Representatives, each of the Company hereby acknowledges and agrees
that its and its Affiliates’ sole remedy shall be against funds held outside of the Trust Account and that such claim shall not
permit such Party or any of its Affiliates (or any Person claiming on any of their behalf or in lieu of them) to have any claim against
the Trust Account (including any distributions therefrom) or any amounts contained therein.

<div align='center'>A-76</div>

<div align='center'>ARTICLE XII.
MISCELLANEOUS</div>

12.1 Notices.All
notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered
(a) in person, (b) by electronic means (including e-mail), with affirmative confirmation of receipt, (c) one (1) Business Day after being
sent, if sent by reputable, nationally recognized overnight courier service or (d) three (3) Business Days after being mailed, if sent
by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable Party at the following addresses
(or at such other address for a Party as shall be specified by like notice):

| If to Purchaser, Holdco, or any Merger Sub at or prior to the Closing, 
 or the Sponsor, to:                                                    
 Pelican Acquisition Corporation                                        
 Attn: Robert Labbe, Chief Executive                                    
 Officer                                                                
 Telephone No.:                                                         
 E-mail:                                                                |     | with a copy (which will not constitute notice) to: 
 Celine & Partners PLLC                             
 Attn: Cassi Olson                                  
 E-mail:                                            |
| If to Greenland or Holdco after the Closing, to:                       
 Greenland Exploration Limited                                          
 Attn: Larry G. Swets, Jr., Chief Executive Officer                     
 E-mail:                                                                |     | with a copy (which will not constitute notice) to: 
 Winston & Strawn LLP                               
 Attn: Michael J. Blankenship                       
 E-mail:                                            |
|