Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 415

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 415
---
 be filed by it, all such Tax Returns are true, correct
and complete in all material respects, and Purchaser has paid, collected, or withheld, or caused to be paid, collected or withheld, all
income and other Taxes required to be paid, collected or withheld (whether or not shown as due on any Tax Return). Purchaser has complied
in all material respects with all applicable Laws relating to Taxes. Schedule 3.10(a) sets forth each jurisdiction where the Purchaser
files or is required to file a Tax Return.

(b) There are no Actions pending
against the Purchaser in respect of the Taxes or Tax Returns of Purchaser, and Purchaser has not been notified in writing of any proposed
Tax claims or assessments against the Purchaser, in each case that have not been resolved. No written claims have been made by any Governmental
Authority in a jurisdiction where Purchaser does not file Tax Returns that Purchaser is or may be subject to taxation by such jurisdiction.

(c) Purchaser is not party
to any agreement (and has not otherwise agreed) to extend or waive the time in which any material Tax may be assessed or collected by
any Governmental Authority, other than any such extensions or waivers that are no longer in effect. Purchaser is not currently the beneficiary
of any extension of time within which to file any Tax Return, other than automatic extensions of time to file Tax Returns not requiring
the consent of any Governmental Authority.

(d) No “closing agreement”
as described in Section 7121 of the Code (or any corresponding or similar provision of state, local or non-U.S. Tax Law), private
letter rulings, technical advice memoranda or similar agreements or rulings have been entered into or issued by any Governmental Authority
with respect to the Taxes or Tax Returns of Purchaser, in either case which would be effective after the Closing Date.

(e) There are no Liens with
respect to any Taxes upon any of Purchaser’s assets, other than Permitted Liens.

(f) Purchaser is not and has
not been a party to any “reportable transaction” within the meaning of Treasury Regulation Section 1.6011-4(b) (or any
corresponding or similar provisions of state, local or non-U.S. Tax Law).

<div align='center'>A-18</div>

(g) Purchaser will not be required
to include any item of income in, or exclude any item of deduction from, taxable income for any