Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 460

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 460
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 take any action, or has any knowledge of any fact or circumstance that
could reasonably be expected to prevent the transactions contemplated by this Agreement from qualifying for the Intended Tax Treatment
(with the exception of any actions specifically contemplated by this Agreement).

(b) Holdco is not an “investment
company” within the meaning of Section 351(e)(1) of the Code.

6.13 Ownership of Merger Consideration.All shares of Holdco Common Stock to be issued and delivered to the holders of Purchaser Ordinary Shares
and to the Company Shareholders, in accordance with ARTICLE I and ARTICLE II shall be, upon issuance and delivery of such Holdco Common Stock, fully paid and non-assessable, free and clear of all Liens,
other than restrictions arising from applicable securities Laws, any applicable Lock-Up Agreement, and the issuance and sale of such Holdco
Common Stock pursuant hereto will not be subject to or give rise to any preemptive rights or rights of first refusal.

<div align='center'>ARTICLE VII.
COVENANTS</div>

7.1 Access and Information.During the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement
in accordance with Section 10.1 or the Closing (the “Interim Period”),
subject to Section 7.16, each Company shall give, and shall cause its Subsidiaries and
Representatives to give, Purchaser and its Representatives, at reasonable times during normal business hours and upon reasonable intervals
and notice, reasonable access to all offices and other facilities and to all employees, properties, Contracts, agreements, commitments,
books and records, financial and operating data and other information (including Tax Returns, internal working papers, client files, client
Contracts and director service agreements), of or pertaining to each Company, as Purchaser or its Representatives may reasonably request
regarding each Company and its businesses, assets, Liabilities, financial condition, prospects, operations, management, employees and
other aspects (including unaudited quarterly financial statements, including a consolidated quarterly balance sheet and income statement,
a copy of each material report, schedule and other document filed with or received by a Governmental Authority pursuant to the requirements
of applicable securities Laws, and independent public accountants’ work papers (subject to the consent or any other conditions required
by such accountants, if any)) and cause the Representatives of each Company to reasonably cooperate with the Purchaser and its Representatives
in their investigation; provided, however, that the Purchaser