Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 124

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 124
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 each Merger Sub, and PubCo, certified no earlier than 30 days prior to Closing by the relevant Governmental Authority; |

| ● | Each Company Shareholder shall have received a Letter of Transmittal from the Exchange Agent; and |

| ● | PubCo shall have entered into indemnification agreements in a form mutually agreed with the Company; |

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Conditions to the SPAC, PubCo and each Merger Sub’s Obligations

The obligations of the SPAC, PubCo and each Merger Sub’s to consummate the Business Combination are subject to the satisfaction or written waiver, at or prior to the closing of the Business Combination, of each of the following conditions:

| ● | the representations and warranties in Sections 4.1, 4.2, and 4.28 of the Business Combination Agreement shall be true and correct in all material respects as of the date of this Agreement and immediately prior to the Greenland Merger Effective Time, except where a representation expressly relates to an earlier date; |

| ● | all other representations and warranties in Article IV of the Business Combination Agreement (excluding the Specified Representations) shall be true and correct as of the date of this Agreement and immediately prior to the Greenland Merger Effective Time, except where expressly relating to an earlier date; |

| ● | each Company shall have performed all obligations and complied with all agreements and covenants in all material respects on or prior to the Closing Date, except where waived in writing by SPAC; |

| ● | no Material Adverse Effect shall have occurred with respect to the Companies since the date of this Agreement that is continuing and uncured; |

| ● | SPAC shall receive a certificate from each Company, dated as of the Closing Date, signed by an executive officer, certifying satisfaction of the conditions in Sections 9.3(a), 9.3(b), and 9.3(c) of the Business Combination Agreement; |

| ● | each Company shall deliver a certificate from its secretary certifying and attaching board resolutions authorizing execution, delivery, performance of the Business Combination Agreement and Ancillary Documents, and the consummation of the Greenland Merger, March GL Merger, and other contemplated transactions; |

| ● | each Company shall deliver a good standing certificate (or equivalent) certified no earlier than 30 days prior to the Closing Date by the relevant Governmental Authority; and |

| ● | SPAC shall receive written resignations, effective as of the Closing