Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 471

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 471
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 Affiliates in connection with any Acquisition Proposal, specifying in each case, the material terms and conditions
thereof. Each Party shall keep the others promptly informed of the status of any such inquiries, proposals, offers or requests for information.
During the Interim Period, each Party shall, and shall cause its Representatives to, immediately cease and cause to be terminated any
solicitations, discussions or negotiations with any Person with respect to any Acquisition Proposal and shall, and shall direct its Representatives
to, cease and terminate any such solicitations, discussions or negotiations.

7.9 No Trading.Each Company acknowledges and agrees that it is aware, and that such Company’s Affiliates are aware (and each of their respective
Representatives is aware or, upon receipt of any material nonpublic information of the Purchaser, will be advised) of the restrictions
imposed by U.S. federal securities laws and the rules and regulations of the SEC and Nasdaq promulgated thereunder or otherwise (the “Federal Securities Laws”) and other applicable foreign and domestic Laws on a Person possessing material nonpublic information about
a publicly traded company. Each Company hereby agrees that, while it is in possession of such material nonpublic information, it shall
not purchase or sell any securities of the Purchaser (other than to engage in the Mergers in accordance with ARTICLE I), communicate such
information to any third party, take any other action with respect to the Purchaser in violation of such Laws, or cause or encourage any
third party to do any of the foregoing.

<div align='center'>A-57</div>

7.10 Notification of Certain Matters.During the Interim Period, each Party shall give prompt written notice to the other Parties if such Party or its
Affiliates: (a) fails to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it or its Affiliates
hereunder; (b) receives any notice or other communication in writing from any third party (including any Governmental Authority) alleging
(i) that the Consent of such third party is or may be required in connection with the transactions contemplated by this Agreement or (ii)
any non-compliance with any Law by such Person or its Affiliates; (c) receives any notice or other communication from any Governmental
Authority in connection with the transactions contemplated by this Agreement; (d) discovers any fact or circumstance that, or becomes
aware of the occurrence or non-occurrence of any event the