Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 457

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 457
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 Agreement and such Ancillary Documents
by the other parties hereto and thereto, constitutes, or when delivered shall constitute, the valid and binding obligation of Holdco,
enforceable against Holdco in accordance with its terms, subject to the Enforceability Exceptions.

6.3 Governmental Approvals.No Consent of or with any Governmental Authority, on the part of Holdco is required to be obtained or made in connection
with the execution, delivery or performance by Holdco of this Agreement and each Ancillary Document to which it is a party or the consummation
by Holdco of the transactions contemplated hereby and thereby, other than (a) such filings as expressly 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 or to make such filings or notifications, would not reasonably be
expected to have a material adverse effect on the ability of Holdco to enter into this Agreement or consummate the transactions contemplated
hereby (a “Holdco Material Adverse Effect”).

6.4 Non-Contravention.The execution and delivery by Holdco of this Agreement and each Ancillary Document to which it is a party, the consummation by Holdco
of the transactions contemplated hereby and thereby, and compliance by Holdco with any of the provisions hereof and thereof, will not
(a) conflict with or violate any provision of Holdco’s Organizational Documents, (b) subject to obtaining the Consents from Governmental
Authorities referred to in Section 6.3 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 Holdco, 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 Holdco under, (v) result in a right
of termination or acceleration under, (