Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 500

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 500
---
 If to March GL or Holdco after the Closing, to:                        
 Attn:                                                                  
 E-mail:                                                                |     | with a copy (which will not constitute notice) to: 
 Haynes and Boone, LLP                              
 Attn:                                              
 E-mail:                                            |

12.2 Binding Effect; Assignment.This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties hereto and
their respective successors and permitted assigns. This Agreement shall not be assigned by operation of Law or otherwise without the prior
written consent of the Purchaser and the Company (and after the Closing, the Sponsor), and any assignment without such consent shall be
null and void; provided that no such assignment shall relieve the assigning Party of its obligations hereunder.

<div align='center'>A-77</div>

12.3 Third Parties.Except for the rights of (a) the D&O Indemnified Persons set forth in Section 7.18,(b)
the Nonparty Affiliates set forth in Section 12.13, and (c) Sponsor as set forth in the
last sentence of this Section 12.3, and which the Parties acknowledge and agree are
express third party beneficiaries of this Agreement, nothing contained in this Agreement or in any instrument or document executed by
any party in connection with the transactions contemplated hereby shall create any rights in, or be deemed to have been executed for the
benefit of, any Person that is not a Party hereto or thereto or a successor or permitted assign of such a Party. Notwithstanding anything
to the contrary herein, Sponsor shall be an express third-party beneficiary of Section 7.4,
Section 7.16, Section 7.18, Section 10.2, Section 12.1, Section 12.2,
this Section 12.3, Section 12.6, Section 12.8, Section 12.9, and Section 12.13.

12.4 Governing Law; Jurisdiction.This Agreement shall be governed by, construed and enforced in accordance with the Laws of the State of Texas without
regard to any choice of law or conflict of laws principles thereof that would cause the application of the Law of any jurisdiction other
than the state of Texas. All Actions arising out of or relating to this Agreement shall be heard and determined exclusively in any state
or federal court located in Harris County, Texas (or in any appellate court thereof). Each Party her