Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 421

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 421
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government securities” within the meaning of Section 2(a)(16) of the Investment Company Act or money
market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act and held in trust by Continental
Stock Transfer & Trust Company pursuant to the Trust Agreement. The Trust Agreement is valid and in full force and effect and enforceable
in accordance with its terms (subject to the Enforceability Exceptions) and has not been amended or modified. Purchaser has complied with
the terms of the Trust Agreement and is not in breach thereof or default thereunder and there does not exist under the Trust Agreement
any event which, with the giving of notice or the lapse of time, would constitute such a breach or default by Purchaser or, to the Knowledge
of Purchaser, by the Trustee. There are no separate agreements, side letters or other agreements that would cause the description of the
Trust Agreement in the SEC Reports to be inaccurate in any material respect and/or that would entitle any Person (other than the underwriters
of the IPO, Public Shareholders who shall have elected to redeem their Purchaser Ordinary Shares pursuant to the Purchaser’s Certificate
of Incorporation (or, in connection with an extension, in accordance with Purchaser’s Organizational Documents and the IPO Prospectus,
of Purchaser’s deadline to consummate a Business Combination), or Governmental Authorities for Taxes) to any portion of the proceeds
in the Trust Account. Prior to the Closing, none of the funds held in the Trust Account may be released except as described in the Trust
Agreement.

<div align='center'>A-22</div>

3.21 Independent Investigation.Purchaser has conducted its own independent investigation, review and analysis of the business, results of operations,
prospects, condition (financial or otherwise) or assets of the Companies and acknowledges that it has been provided access certain personnel,
properties, assets, premises, books and records, and other documents and data of the Company for such purpose. Purchaser acknowledges
and agrees that: (a) in making its decision to enter into this Agreement and to consummate the transactions contemplated hereby, it has
relied solely upon its own investigation and the express representations and warranties of each Company set forth in this Agreement (including
the related portions of each Company Disclosure Schedules), and in any certificate delivered to Purchaser pursuant hereto, and the information
provided by or on behalf of the Companies for the Registration Statement; and (b)