Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 455

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 455
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 conflict or non-compliance with, or in
default or violation of, any Laws applicable to it. To the Merger Sub’s Knowledge, no Merger Sub, has, since the date of its formation,
received any written or oral notice of, or is under investigation with respect to, any material conflict or non-compliance with, or material
default or violation of, any applicable Laws by which it is or was bound.

<div align='center'>A-45</div>

5.8 Actions; Orders.There is no pending or, to the Knowledge of the Merger Sub, threatened Action to which any Merger Sub is subject, and there is no
Action that any Merger Sub has pending against any other Person. No Merger Sub is subject to any Orders of any Governmental Authority,
nor to the Knowledge of Merger Sub, are any such Orders pending.

5.9 Transactions with Related Persons. Except as set forth on Schedule 5.9, there are no transactions, Contracts or understandings between any
Merger Sub, on the one hand, and any (a) present or former director, officer or employee or Affiliate of any Merger Sub or Sponsor, or
any immediate family member of any of the foregoing, or (b) record or beneficial owner of more than five percent (5%) of the Purchaser’s
outstanding capital stock as of the date hereof, on the other hand.

5.10 Finders and Brokers.No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission from any Merger
Sub or any of their respective Affiliates in connection with the transactions contemplated hereby based upon arrangements made by or on
behalf of any Merger Sub.

5.11 Investment Company Act. No Merger Sub is an “investment company” or a Person directly or indirectly controlled by or acting on behalf
of a person subject to registration and regulation as an “investment company”, in each case within the meanings of the Investment
Company Act.

5.12 Taxes.

(a) No Merger Sub has taken,
permitted or agreed to take any action, and does not intend to or plan to take any action, or has any knowledge of any fact or circumstance
that could reasonably be expected to prevent the transactions contemplated by this Agreement from qualifying for the Intended Tax Treatment
(with the exception of any actions specifically contemplated by this Agreement).

(b) Each Merger Sub was organized
solely for the purpose of entering in to this Agreement