Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 395

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 395
---
 THEREFORE, in consideration
of the foregoing and the respective representations, warranties, covenants, and agreements set forth in this Agreement, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows:

<div align='center'>A-4</div>

<div align='center'>ARTICLE I.
MERGER S</div>

1.1 Domestication; Mergers; Contribution.

(a) At least one Business Day
prior to the Closing Date, Purchaser shall cause the Domestication to occur in accordance with §§ 10.101–10 of the TBOC
and Part XII of the Cayman Islands Companies Act (as Revised), including by filing with the Texas Secretary of State a Certificate of
Domestication with respect to the Domestication, together with the Purchaser Certificate of Incorporation, and completing and making all
filings required to be made with the Cayman Islands Registrar of Companies to effect the Domestication. In connection with (and as part
of) the Domestication, Purchaser shall cause:

(i) each of the issued
and outstanding Purchaser Ordinary Securities immediately prior to the Domestication to remain issued and outstanding and to automatically
represent a security of Purchaser, as a Texas corporation, without any action required by the holders thereof and without any interruption
or change in the rights, preferences, privileges, or limitations applicable thereto;

(ii) the governing
documents of Purchaser, as amended and restated in accordance with this Agreement and effective as of the Domestication, to become the
organizational documents of Purchaser as a Texas corporation; and

(iii) the legal existence
and continuity of Purchaser to be preserved, such that the Domestication shall not be deemed to constitute a dissolution, liquidation,
or winding up of Purchaser or require any transfer of its properties or assets, and Purchaser shall continue its existence as a Texas
corporation, subject to and governed by the TBOC.

(b) Upon the terms and subject
to the conditions of this Agreement, on the Closing Date and in accordance with the applicable provisions of the TBOC, Pelican Merger
Sub and Purchaser shall consummate the Pelican Merger, pursuant to which Pelican Merger Sub shall be merged with and into Purchaser, following
which the separate corporate existence of Pelican Merger Sub shall cease and Purchaser shall continue as the surviving company (sometimes
referred to herein for the