Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 476

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 476
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aser is considered a passive foreign investment company (including through provision of the Annual Information
Statement described in Treasury Regulations Section 1.1295-1(g)) and (ii) if relevant, to report any person’s allocable share
of “Subpart F” income of the Purchaser.

<div align='center'>A-60</div>

(e) None of Greenland, March
GL, Purchaser, Holdco or any of their Affiliates will take any action, engage in any transaction that would result in the liquidation
of Purchaser, Greenland or March GL for U.S. federal income tax purposes in the tax year including the Closing Date and the two subsequent
calendar years.

7.13 Further Assurances.The Parties hereto shall further cooperate with each other and use their respective commercially reasonable efforts to take or cause
to be taken all actions, and do or cause to be done all things, necessary, proper or advisable on their part under this Agreement and
applicable Laws to consummate the transactions contemplated by this Agreement as soon as reasonably practicable, including preparing and
filing as soon as practicable all documentation to effect all necessary notices, reports and other filings.

7.14 The Registration Statement.

(a) As promptly as practicable
after the date hereof, Purchaser shall prepare, with the reasonable assistance of each Company, and cause Holdco to file with the SEC
a registration statement on Form S-4 (as amended or supplemented from time to time, and including the Proxy Statement contained therein,
the “Registration Statement”) in connection with the registration under the Securities Act of the Holdco Common
Stock to be issued under this Agreement as the Merger Consideration, which Registration Statement will also contain a proxy statement
(as amended, the “Proxy Statement”) for the purpose of soliciting proxies from Purchaser shareholders for the
matters to be acted upon at the Purchaser Special Meeting and providing the Public Shareholders an opportunity in accordance with the
Purchaser’s Organizational Documents and the IPO Prospectus to have their Purchaser Ordinary Shares redeemed (such rights to have
their Purchaser Ordinary Shares redeemed, “Redemption Rights,” and such redemption thereof, the “Redemption”)
in conjunction with the shareholder vote on the Purchaser Shareholder Approval Matters. The Proxy Statement shall include proxy materials
for the purpose of soliciting proxies from Purchaser shareholders to vote, at an extraordinary general meeting of Purchaser shareholders
to be called and held for such purpose (the “Purch