Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 408

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 408
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 by Purchaser and, assuming the due authorization, execution and delivery of this Agreement and
such Ancillary Documents by the other parties hereto and thereto, constitutes, or when delivered shall constitute, the valid and binding
obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except to the extent that enforceability
thereof may be limited by applicable bankruptcy, insolvency, reorganization and moratorium Laws and other Laws of general application
affecting the enforcement of creditors’ rights generally or by any applicable statute of limitation or by any valid defense of set-off
or counterclaim, and the fact that equitable remedies or relief (including the remedy of specific performance) are subject to the discretion
of the court from which such relief may be sought (collectively, the “Enforceability Exceptions”). Purchaser’s
board of directors has by resolutions duly adopted at a meeting duly called and held, as of the date of this Agreement, (a) determined
that this Agreement and the Mergers and the other transactions contemplated hereby are advisable, fair to, and in the best interests of,
Purchaser and its shareholders, (b) approved and adopted this Agreement and the Ancillary Documents to which it is a party and approved
the Pelican Merger and the other transactions contemplated by hereby and thereby, and (c) recommended the approval and adoption of this
Agreement, the Ancillary Documents to which it is a party, the Pelican Merger, and the other transactions contemplated hereby and thereby
by Purchaser’s shareholders.

<div align='center'>A-13</div>

3.3 Governmental Approvals.Except as otherwise described in Schedule 3.3, no Consent of or with any Governmental Authority on the part of Purchaser
is required to be obtained or made in connection with the execution, delivery or performance by the Purchaser of this Agreement and each
Ancillary Document to which it is a party or the consummation by the Purchaser of the transactions contemplated hereby and thereby, other
than (a) such filings as are contemplated by this Agreement, (b) any filings required with Nasdaq or the SEC with respect to the transactions
contemplated by this Agreement, (c) 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 (d) where the failure to obtain or make such Consents