Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 407

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 407
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 SEC Reports
that are available on the SEC’s website through EDGAR, Purchaser represents and warrants to each Company and Holdco, as follows:

3.1 Organization and Standing.Purchaser is incorporated as a Cayman Islands exempted company with limited liability, validly existing and in good
standing under the Laws of the Cayman Islands. Purchaser has all requisite corporate power and authority to own, lease and operate its
properties and to carry on its business as now being conducted. The Purchaser is duly qualified or licensed and in good standing to do
business in each jurisdiction in which the character of the property owned, leased or operated by it or the nature of the business conducted
by it makes such qualification or licensing necessary, except where the failure to be so qualified or licensed or in good standing has
not and would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of the Purchaser
to enter into this Agreement or consummate the transactions contemplated hereby (“Purchaser Material Adverse Effect”).
The Purchaser has heretofore made available (including via the SEC’s EDGAR System) to the Company accurate and complete copies of
its Organizational Documents, as currently in effect as of the date hereof. The Purchaser is not in violation of any provision of its
Organizational Documents in any material respect.

3.2 Authorization; Binding Agreement.Purchaser 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 Purchaser’s obligations hereunder and thereunder and to consummate the transactions
contemplated hereby and thereby, subject to obtaining the Required Purchaser Shareholder Approval. The execution and delivery of this
Agreement and each Ancillary Document to which Purchaser is a party and the consummation of the transactions contemplated hereby and thereby
(a) have been duly and validly authorized by the board of directors of the Purchaser, and (b) other than the Required Purchaser Shareholder
Approval, no other corporate proceedings, other than as set forth elsewhere in this Agreement, on the part of the Purchaser are necessary
to authorize the execution and delivery of this Agreement and each Ancillary Document to which it is a party or to consummate the transactions
contemplated hereby and thereby. This Agreement has been, and each Ancillary Document to which Purchaser is a party shall be when delivered,
duly and validly executed and delivered