Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 453

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 453
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 made in
connection with the execution, delivery or performance by the Pelican Merger Sub of this Agreement and each Ancillary Document to which
it is a party or the consummation by the any Merger Sub of the transactions contemplated hereby and thereby, other than (a) such filings
expressly contemplated by this Agreement, (c) any filings required with Nasdaq or the SEC with respect to the transactions contemplated
by this Agreement, (d) applicable requirements, if any, of the Securities Act, the Exchange Act, and/ or any state “blue sky”
securities Laws, and the rules and regulations thereunder, and (e) where the failure to obtain or make such Consents or to make such filings
or notifications, would not reasonably be expected to have a Purchaser Material Adverse Effect on the ability of any Merger Sub to enter
into this Agreement or consummate the transactions contemplated hereby.

<div align='center'>A-44</div>

5.4 Non-Contravention.The execution and delivery by the Merger Subs of this Agreement and each Ancillary Document to which each such Merger Sub is a party,
the consummation by the Merger Subs of the transactions contemplated hereby and thereby, and compliance by the Merger Subs with any of
the provisions hereof and thereof, will not (a) conflict with or violate any provision of any Merger Sub’s Organizational Documents,
(b) subject to obtaining the consents from Governmental Authorities referred to in Section 5.3
hereof, and the waiting periods referred to therein having expired, and any condition precedent to such Consent or waiver having been
satisfied, conflict with or violate any Law, Order or Consent applicable to any Merger Sub, or any of their properties or assets, or (c)
(i) violate, conflict with or result in a breach of, (ii) constitute a default (or an event which, with notice or lapse of time or both,
would constitute a default) under, (iii) result in the termination, withdrawal, suspension, cancellation or modification of, (iv) accelerate
the performance required by any Merger Sub under, (v) result in a right of termination or acceleration under, (vi) give rise to any obligation
to make payments or provide compensation under, or (vii) result in the creation of any Lien upon any of the properties or assets of Pelican
Merger Sub under, except for any deviations from any of the