Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 498

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 498
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any taxes, and (d) to Purchaser after or simultaneously with the consummation of a Business Combination. For and in consideration of Purchaser
entering into this Agreement and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
each of the Company hereby agrees on behalf of itself and its Affiliates that, notwithstanding anything to the contrary in this Agreement,
none of the Companies nor any of their respective Affiliates do now or shall at any time hereafter have any right, title, interest or
claim of any kind in or to any monies in the Trust Account or distributions therefrom, or make any claim against the Trust Account (including
any distributions therefrom), regardless of whether such claim arises as a result of, in connection with or relating in any way to, this
Agreement or any proposed or actual business relationship between Purchaser or any of its Representatives, on the one hand, and each Company
or any of their respective Representatives, on the other hand, or any other matter, and regardless of whether such claim arises based
on contract, tort, equity or any other theory of legal liability (collectively, the “Released Claims”). Each
Company on behalf of itself and its Affiliates hereby irrevocably waives any Released Claims that any such Party or any of its Affiliates
may have against the Trust Account (including any distributions therefrom) now or in the future as a result of, or arising out of, any
negotiations, Contracts or agreements with Purchaser or its Representatives and will not seek recourse against the Trust Account (including
any distributions therefrom) for any reason whatsoever (including for an alleged breach of this Agreement or any other agreement with
Purchaser or its Affiliates); provided, however, that the foregoing waiver will not limit or prohibit the Company or its Affiliates from
pursuing a claim against Purchaser, Pelican Merger Sub, Greenland Merger Sub or any other Person for legal relief against monies or other
assets of Purchaser, Pelican Merger Sub, or Greenland Merger Sub held outside of the Trust Account of for specific performance or other
equitable relief in connection with the transactions contemplated by this Agreement. Each Company agrees and acknowledges that such irrevocable
waiver is material to this Agreement and specifically relied upon by Purchaser and its Affiliates to induce Purchaser to enter in this
Agreement, and each of the Companies further