Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 493

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 493
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 by mutual written consent
of Purchaser and each Company;

(b) by written notice by Purchaser
or the Companies if any of the conditions to the Closing set forth in ARTICLE IX have
not been satisfied or waived by June 30, 2026 (the “Outside Date”) (provided, that if Purchaser seeks and
obtains an Extension, Purchaser shall have the right by providing written notice thereof to each Company to extend the Outside Date for
an additional period equal to the shortest of (i) three (3) additional months, (ii) the period ending on the last date for Purchaser to
consummate its Business Combination pursuant to such Extension, and (iii) such period as determined by Purchaser); provided, however,
the right to terminate this Agreement under this Section 10.1 shall not be available to
a Party if the breach or violation by such Party or its Affiliates of any representation, warranty, covenant or obligation under this
Agreement was the cause of, or resulted in, the failure of the Closing to occur on or before the Outside Date;

(c) by written notice by either
Purchaser or either of the Companies if a Governmental Authority of competent jurisdiction shall have issued an Order or taken any other
action permanently restraining, enjoining or otherwise prohibiting the transactions contemplated by this Agreement, and such Order or
other action has become final and non-appealable; provided, however, that the right to terminate this Agreement pursuant to this
Section 10.1(c) shall not be available to a Party if the failure by such Party or its
Affiliates to comply with any provision of this Agreement has been a substantial cause of, or substantially resulted in, such action by
such Governmental Authority;

(d) by written notice by either
Company to Purchaser, if (i) there has been a breach by Purchaser, any Merger Sub or Holdco of any of their respective representations,
warranties, covenants or agreements contained in this Agreement, or if any representation or warranty of the Purchaser, any Merger Sub
or Holdco shall have become untrue or inaccurate, in any case, which would result in a failure of a condition set forth in Section 9.2(a) or Section 9.2(b) to be satisfied (treating the Closing Date for such purposes
as the date of this Agreement or, if later, the date of such breach), and (ii) the breach or inaccuracy