Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 397

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 397
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 for the Pelican Merger
under the Companies Act and the issuance of the certificate of merger by the Registrar of Companies in the Cayman Islands (together with
the Texas Certificate of Merger, the “Pelican Certificates of Merger”) in accordance with the Companies Act
(the time of such filing, or such other time as the Companies and Purchaser may agree in writing and specify in the Denali Certificates
of Merger, being the “Pelican Merger Effective Time”).

(b) The Parties hereto shall
cause the Greenland Merger to be consummated by filing the Certificate of Merger for the merger of Greenland Merger Sub with and into
Greenland, in a form to be mutually agreed upon by Greenland and Purchaser (the “Greenland Certificate of Merger”),
with the Secretary of State of the State of Texas in accordance with the relevant provisions of the TBOC (the time of such filing, or
such other time as Greenland and Purchaser may agree in writing and specify in the Greenland Certificate of Merger, being the “Greenland Merger Effective Time”).

(c) The Parties hereto shall
cause the March GL Merger to be consummated by filing the Certificate of Merger for the merger of March GL Merger Sub with and into March
GL, in a form to be mutually agreed upon by March GL and Purchaser (the “March GL Certificate of Merger”), with
the Secretary of State of the State of Texas in accordance with the relevant provisions of the TBOC (the time of such filing, or such
other time as March GL and Purchaser may agree in writing and specify in the March GL Certificate of Merger, being the “March GL Merger Effective Time” and, the later of the Pelican Merger Effective Time, the Greenland Merger Effective Time, and
the March GL Merger Effective Time, the “Effective Time”).

<div align='center'>A-6</div>

1.3 Effect of the Mergers.

(a) At the Pelican Merger Effective
Time, the effect of the Pelican Merger shall be as provided in this Agreement, the Pelican Certificates of Merger and the applicable provisions
of the TBOC and the Companies Act. Without limiting the generality of the foregoing, and subject thereto, at the Pelican Merger Effective
Time, all the property, rights, privileges, agreements, powers and franchises, debts, Liabilities, duties