Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 422

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 422
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 none of either Company nor their respective Representatives
have made any representation or warranty as to this Agreement, except as expressly set forth in this Agreement (including the related
portions of the Company Disclosure Schedules) or in any certificate delivered to Purchaser pursuant hereto, or with respect to the information
provided by or on behalf of the Companies for the Registration Statement.

3.22 Lock-Up Agreements.All existing lock-up agreements between Purchaser and any of its shareholders or holders of any Purchaser Securities entered into
in connection with the initial public offering of the Purchaser are listed on Schedule 3.22 of the Purchaser Disclosure Schedules and
provide for a lock-up period that is in full force and effect.

<div align='center'>ARTICLE IV.
REPRESENTATIONS AND WARRANTIES OF THE COMPA N IES</div>

Except as set forth in the disclosure
schedules delivered by the applicable Company to Purchaser on the date hereof (in either case, such Company’s, “Company Disclosure Schedules”), the Section numbers of which are numbered to correspond to the Section numbers of this Agreement
to which they refer, each Company, severally and not jointly, hereby represents and warrants, solely in respect of itself, to Purchaser
and Holdco as follows:

4.1 Organization and Standing.Such Company is a corporation duly incorporated and validly existing under the Laws of Texas, is duly qualified to do
business, and has all requisite corporate power and authority to own, make use of, lease and operate its assets and properties and to
carry on its business as now being conducted. Each Subsidiary of such Company is a corporation or other entity duly formed, validly existing
and in good standing under the Laws of its respective jurisdiction of organization, is duly qualified to do business, and has all requisite
corporate power and authority to own, make use of, lease and operate its assets and properties and to carry on its business as now being
conducted.

<div align='center'>A-23</div>

4.2 Authorization; Binding Agreement.Such Company has all requisite corporate power and authority to execute and deliver this Agreement and each Ancillary
Document to which it is a party, to perform its obligations hereunder and thereunder and to consummate the Merger and the other transactions
contemplated hereby and thereby. Subject to the receipt of the Required Company Shareholder Approval, the execution and delivery of this
Agreement and each Ancillary Document to which such Company is or