Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 459

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 459
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 any Person and has no assets or Liabilities, except those
incurred in connection with this Agreement and the Ancillary Documents to which it is a party and the Mergers, and, other than this Agreement
and the Ancillary Documents to which it is a party, Holdco is not party to or bound by any Contract.

6.7 Compliance with Laws.Holdco is not, and since the date of its formation, has not been, in conflict or non-compliance with, or in default or
violation of, any Laws applicable to it. Holdco, has not, since the date of its formation, received any written or oral notice of, or
is under investigation with respect to, any material conflict or non-compliance with, or material default or violation of, any applicable
Laws by which it is or was bound.

6.8 Actions; Orders.
There is no pending or, to the Knowledge of Holdco, threatened Action to which Holdco is subject. There is no Action that Holdco has pending
against any other Person. Holdco is not subject to any Orders of any Governmental Authority, nor to the Knowledge of Holdco, are any such
Orders pending.

6.9 Transactions with Related Persons.Except as set forth on Schedule 6.9, there are no transactions, Contracts or understandings between Holdco,
on the one hand, and any (a) present or former director, officer or employee or Affiliate of Holdco or Sponsor, or any immediate family
member of any of the foregoing, or (b) record or beneficial owner of more than five percent (5%) of Holdco’s outstanding capital
stock as of the date hereof, on the other hand.

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6.10 Finders and Brokers.No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission from Holdco,
the Company or any of its respective Affiliates in connection with the transactions contemplated hereby based upon arrangements made by
or on behalf of Holdco.

6.11 Investment Company Act. Holdco is not an “investment company” or a Person directly or indirectly controlled by or acting on behalf
of a person subject to registration and regulation as an “investment company”, in each case within the meanings of the Investment
Company Act.

6.12 Taxes.

(a) Holdco has not taken, permitted
or agreed to take any action, and does not intend to or plan to