Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 409

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 409
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 or to
make such filings or notifications, would not reasonably be expected to have a Purchaser Material Adverse Effect.

3.4 Non-Contravention.Except as otherwise described in Schedule 3.4, the execution and delivery by Purchaser of this Agreement and each Ancillary Document
to which it is a party, the consummation by Purchaser of the transactions contemplated hereby and thereby, and compliance by the Purchaser
with any of the provisions hereof and thereof, will not (a) contravene or conflict with or violate any provision of the Purchaser’s
Organizational Documents, (b) contravene or conflict with or constitute a violation of any provisions of Law or Order binding upon or
applicable to the Purchaser, (c) subject to obtaining the Consents from Governmental Authorities referred to in Section 3.3 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 the Purchaser, Pelican Merger Sub, or any of their properties
or assets, or (d) (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 the Purchaser under, (v) result in a right of termination or acceleration under, (vi)
give rise to any obligation to make payments or provide compensation under, (vii) result in the creation of any Lien upon any of the properties
or assets of the Purchaser under, (viii) give rise to any obligation to obtain any third party Consent or provide any notice to any Person,
or (ix) give any Person the right to declare a default, exercise any remedy, claim a rebate, chargeback, penalty or change in delivery
schedule, accelerate the maturity or performance, cancel, terminate or modify any right, benefit, obligation or other term under, any
of the terms, conditions or provisions of, any Purchaser Material Contract, except for any deviations from any of the foregoing clauses
that would not reasonably be expected to have a Purchaser Material Adverse Effect.

<div align='center'>A-14</div>

3.5 Capitalization.

(a) Purchaser is authorized