Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 491

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 491
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) Indemnification Agreements. Holdco shall have entered into indemnification agreements, in a form to be mutually agreed upon by Holdco and the Company.

9.3 Conditions to Obligations of the Purchaser.In addition to the conditions specified in Section 9.1,
the obligations of the Purchaser, Holdco, and each Merger Sub to consummate the Mergers and the other transactions contemplated by this
Agreement are subject to the satisfaction or written waiver (by the Purchaser) of the following conditions:

(a) Representations and Warranties.

(i) Each of the representations
and warranties of the Companies contained in Section 4.1 (Organization and Standing),
Section 4.2 (Authorization; Binding Agreement), and Section 4.28 (Finders and Brokers) (collectively, the “Specified Representations”) shall be true and correct
(without giving any effect to any limitation as to “materiality” or “Material Adverse Effect” or any similar limitation
set forth therein) in all material respects as of the date of this Agreement and on and as of the Closing Date immediately prior to the
Greenland Merger Effective Time as if made on the Closing Date immediately prior to the Greenland Merger Effective Time (except to the
extent such representations and warranties expressly relate to an earlier date, and in such case, shall be true and correct in all material
respects on and as of such earlier date).

(ii) Each of the representations
and warranties of the Companies contained in Article IV (other than the Specified Representations)
shall be true and correct (without giving any effect to any limitation as to “materiality” or “Material Adverse Effect”
or any similar limitation set forth therein) as of the date of this Agreement and on and as of the Closing Date immediately prior to the
Greenland Merger Effective Time as if made on the Closing Date immediately prior to the Greenland Merger Effective Time (except to the
extent such representations and warranties expressly relate to an earlier date, and in such case, shall be true and correct on and as
of such earlier date).

<div align='center'>A-71</div>

(b) Agreements and Covenants.
The Company shall have performed in all material respects all of its obligations and complied in all material respects with all of its
agreements and covenants under this Agreement, in each case to be performed or complied with by such person on or prior to the Closing
Date,