Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 494

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 494
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 is incapable of being cured or
is not cured within the earlier of (A) twenty (20) days after written notice of such breach or inaccuracy is provided to the Purchaser,
or (B) the Outside Date; provided, that neither Company shall not have the right to terminate this Agreement pursuant to this Section 10.1(d) if at such time such Company is in material uncured breach of this Agreement;

(e) by written notice by Purchaser
to the Companies, if (i) there has been a material breach by either Company of any of its representations, warranties, covenants or agreements
contained in this Agreement, or if any representation or warranty of such Company shall have become untrue or inaccurate, in any case,
which would result in a failure of a condition set forth in Section 9.3(a) or Section 9.3(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 is incapable of being cured or is not cured within the earlier of (A) twenty (20) days after
written notice of such breach or inaccuracy is provided to such Company, or (B) the Outside Date; provided, that the Purchaser shall not
have the right to terminate this Agreement pursuant to this Section 10.1(e) if at such
time the Purchaser is in material uncured breach of this Agreement;

<div align='center'>A-73</div>

(f) by written notice by either
Purchaser or the Companies to the other, if there shall have been a Material Adverse Effect on either Party, taken as a whole, following
the date of this Agreement which is uncured for at least ten (10) Business Days after written notice of such Material Adverse Effect is
provided by the terminating Party to the other Party; or

(g) by written notice by either
Purchaser or the Companies to the other, if the Purchaser Special Meeting is held (including any adjournment or postponement thereof)
and has concluded, the Purchaser’s shareholders have duly voted, and the Required Purchaser Shareholder Approval was not obtained.

10.2 Effect of Termination; Termination Fee.

(a) This Agreement may only
be terminated in the circumstances described in Section 10.1 and pursuant to a written
notice delivered by the applicable Party to the other applicable Parties, which sets forth