Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 405

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 405
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ation), and
none of them shall have (x) any further obligations to the Companies, any Company Security Holder or any other Person with respect to
the payment of any consideration under this Agreement (including with respect to the Merger Consideration), or (y) any Liability with
respect to the allocation of the consideration under this Agreement, and the Companies hereby irrevocably waive and release the Purchaser
and its Affiliates (and, on and after the Closing, Holdco, the Companies and their Affiliates) from all claims arising from or related
to such Allocation Schedule and the allocation of the Merger Consideration among each Company Security Holder as set forth in such Allocation
Schedule.

<div align='center'>A-11</div>

1.10 Taking of Necessary Action; Further Action.If, at any time after the Effective Time, any further action is necessary or desirable to carry
out the purposes of this Agreement and to vest Surviving Pelican Company, Surviving Greenland Company and Surviving March GL Company with
full right, title and possession to all assets, property, rights, privileges, powers and franchises of the Companies and Purchaser, the
officers and directors of Holdco, the Companies, Purchaser, and the Merger Subs are fully authorized in the name of their respective corporations
or otherwise to take, and will use their best efforts to take, all such lawful and necessary action, so long as such action is not inconsistent
with this Agreement.

1.11 Amended Holdco Certificate of Incorporation.Subject to obtaining the approval of the Purchaser Shareholder Approval Matters, upon the Effective
Time, Holdco shall amend and restate its Certificate of Incorporation in a form to be mutually agreed between the Purchaser and the Companies
(such amended and restated Certificate of Incorporation, the “Amended Holdco Certificate of Incorporation”)
to (i) provide that the name of Holdco shall be changed to “Greenland Energy Company” or such other name as mutually agreed
to by the Parties, and (ii) provide for size and structure of Holdco’s board of directors immediately after the Closing (the “Post-Closing Holdco Board”) in accordance with Section 7.17.

1.12 Withholding.Each of the Parties, the Exchange Agent and their respective Affiliates shall be entitled to deduct and withhold (or cause to be deducted
or withheld) from any consideration or other amounts payable under this Agreement, and from any other consideration