Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 436

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 436
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 of time to file Tax Returns
not requiring the consent of any Governmental Authority.

(d) No “closing agreement”
as described in Section 7121 of the Code (or any corresponding or similar provision of state, local or non-U.S. Tax Law), private
letter rulings, technical advice memoranda or similar agreements or rulings have been entered into or issued by any Governmental Authority
with respect to the Taxes or Tax Returns of such Company that would be effective after the Closing Date.

(e) There are no Liens with
respect to any Taxes upon such Company’s assets, other than Permitted Liens.

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(f) Such Company is not and
has never been, a party to any “reportable transaction” within the meaning of Treasury Regulation Section 1.6011-4(b)
(or any corresponding or similar provisions of state, local or non-U.S. Tax Law).

(g) Such Company will not be
required to include any item of income in, or exclude any item of deduction from, taxable income for the taxable period (or portion thereof)
ending after the Closing Date as a result of any: (i) change in method of accounting for a taxable period ending on or prior to the Closing
Date; (ii) “closing agreement” as described in Section 7121 of the Code (or any corresponding or similar provision of
state, local or foreign income Tax Law) executed on or prior to the Closing Date; (iii) intercompany transaction or excess loss account
described in Treasury Regulations under Section 1502 of the Code (or any corresponding or similar provision of state, local or foreign
income Tax Law); (iv) installment sale or open transaction disposition made on or prior to the Closing Date; or (v) any deferred revenue
or prepaid amount received on or prior to the Closing Date.

(h) Such Company (i) has not
been a member of an affiliated group filing a consolidated U.S. federal income Tax Return (other than a group the common parent of which
was such Company) or any affiliated, combined, consolidated, aggregate, unitary or other group under applicable Tax Law (other than a
group the common parent of which was such Company) or (ii) has any material liability for the Taxes of any other Person (other than such
Company) under Treasury Regulation Section 1.1502-6 (or any similar provisions of state, local or non-U.S. Tax Law), as a