Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 507

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 507
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(d) Unless otherwise approved
in writing by the Companies in each instance, Purchaser shall not permit any amendment or modification to be made to, any waiver (in whole
or in part) of, or provide consent to modify (including consent to terminate), any provision or remedy under, or any replacements of,
any of the Subscription Agreements or any other agreement related to the PIPE Investment. Subject to the immediately preceding sentence,
Purchaser shall take, or cause to be taken, all actions and do, or cause to be done, all things reasonably required, necessary, proper
or advisable to consummate the transactions contemplated by the Subscription Agreements on the terms and conditions described therein,
including by enforcing its rights under the Subscription Agreements to cause the PIPE Investors to pay to (or as directed by) Purchaser
the applicable purchase price under each such Person’s applicable Subscription Agreement in accordance with its terms. Without limiting
the generality of the foregoing, Purchaser shall give the Companies prompt (and, in any event within one (1) Business Day) written notice:
(i) of any breach or default (or any event or circumstance that, with or without notice, lapse of time or both, could give rise to any
breach or default) by the counterparty to any Subscription Agreement; (ii) of the receipt of any written notice or other written communication
from any party with respect to any actual, potential, threatened or claimed expiration, lapse, withdrawal, breach, default, termination
or repudiation of any Subscription Agreement, any related agreement or any provisions thereof and (iii) if Purchaser does not expect to
receive all or any portion of PIPE Investment on the terms, in the manner or from the Persons contemplated by the Subscription Agreements,
respectively.

<div align='center'>A-82</div>

<div align='center'>ARTICLE XIV.
DEFINITIONS</div>

14.1 Certain Definitions.For purpose of this Agreement, the following capitalized terms have the following meanings:

“Acquisition Proposal”
has the meaning specified in Section 7.7.

“Affiliate”
means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control with such
Person.

“Allocation Schedule”
has the meaning specified in Section 1.9.

“Alternative Transaction”
has the meaning specified in Section 7.7.

“Ancillary Documents”
means each agreement, instrument or document attached hereto as an Exhibit, and the other agreements, certificates