Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 404

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 404
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 in accordance with this
Section 1.8 prior to that time shall thereafter look only to Holdco for payment of the
portion of the Merger Consideration in respect of such shares of Company Common Stock without any interest thereon (but with any dividends
paid with respect thereto). Notwithstanding the foregoing, none of Holdco, the Purchaser, the Company or any Party hereto shall be liable
to any Person for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat or similar law.

(i) Notwithstanding anything
to the contrary contained herein, no fraction of a share of Holdco Common Stock will be issued by virtue of the Pelican Merger, the Greenland
Merger, the March GL Merger or the transactions contemplated in connection with this Agreement, and each Person who would otherwise be
entitled to a fraction of a share of Holdco Common Stock (after aggregating all fractional shares of Holdco Common Stock that otherwise
would be received by such holder) shall instead have the number of Holdco Common Stock issued to such Person rounded up in the aggregate
to the nearest whole share of Holdco Common Stock, as applicable, provided any such rounding of fractional shares that results in an excess
of the Merger Consideration shall reduce the March GL Merger Consideration.

1.9 Allocation Schedule.The Companies shall deliver to the Purchaser, at least five (5) Business Days prior to the Closing Date, a schedule (the
“Allocation Schedule”) setting forth the allocation of the Merger Consideration among the Company Security Holders.
The Companies acknowledge and agree that the Allocation Schedule (a) is and will be in accordance with the Organizational Documents of
such Company and applicable Law, (b) does and will set forth (i) the mailing addresses and email addresses, for each Company Security
Holder, (ii) the number and class of Company Securities owned by each Company Security Holder as of immediately prior to the Greenland
Merger Effective Time, and (iii) the portion of the Merger Consideration allocated to each Company Security Holder, and (c) is and will
be accurate. Notwithstanding anything in this Agreement to the contrary, upon delivery, payment and issuance of the Merger Consideration
on the Closing Date in accordance with the Allocation Schedule, the Purchaser and its Affiliates shall be deemed to have satisfied all
obligations with respect to the payment of consideration under this Agreement (including with respect to the Merger Consider