Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 452

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 452
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 Organization and Standing.Each Merger Sub is a corporation duly incorporated, validly existing and in good standing under the Laws of Texas. Each
Merger Sub has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now
being conducted. Each Merger Sub is duly qualified or licensed and in good standing to do business in each jurisdiction in which the character
of the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary.
Each Merger Sub has heretofore made available to the Companies accurate and complete copies of the Organizational Documents of such Merger
Sub, as currently in effect as of the date hereof. No Merger Sub is in violation of any provision of its Organizational Documents in any
material respect.

5.2 Authorization: Binding Agreement. Each Merger Sub has all requisite corporate power and authority to execute and deliver this Agreement and each
Ancillary Document to which it is a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated
hereby and thereby. The execution and delivery of this Agreement and each Ancillary Document to which it is a party and the consummation
of the transactions contemplated hereby and thereby, (a) have been duly and validly authorized by the board of directors and, as applicable,
shareholders of such Merger Sub in accordance with its Organizational Documents, and any other applicable laws, and (b) no other corporate
proceedings, other than as expressly set forth elsewhere in the Agreement, on the part of any Merger Sub are necessary to authorize the
execution and delivery of this Agreement and each Ancillary Document to which it is a party, or to consummate the transactions contemplated
hereby and thereby. This Agreement has been, and each Ancillary Document to which any Merger Sub is a party has been or shall be when
delivered, duly and validly executed and delivered 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 applicable Merger Sub, enforceable against the such Merger Sub in accordance with its terms, subject to the Enforceability Exceptions.

5.3 Governmental Approvals. No Consent of or with any Governmental Authority on the part of Pelican Merger Sub is required to be obtained or