Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 125

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 125
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, from each director and officer of the Company as requested by SPAC. |

Representations and Warranties

The Business Combination Agreement contains customary representations and warranties of the parties thereto with respect to, among other things: Organization and Standing; Authorization; Binding Agreement; Capitalization; Subsidiaries; Governmental Approvals; Non-Contravention; Financial Statements; Absence of Certain Changes; Compliance with Laws; Company Permits; Litigation; Material Contracts; Intellectual Property; Taxes and Returns; Real Property; Personal Property; Title to and Sufficiency of Assets; Employee Matters; Benefit Plans; Environmental Matters; Transactions with Related Persons; Insurance; Books and Records; Reserved; Certain Business Practices; Compliance with Privacy Laws, Privacy Policies and Certain Contracts; Investment Company Act; Finders and Brokers; Independent Investigation; Information Supplied; Disclosure; Merger Sub Activities; Actions; Orders; PubCo Activities; Ownership of Merger Consideration The representations and warranties of the parties do not survive the Closing.

Covenants of the Parties

The Parties made certain covenants under the Business Combination Agreement, including, among others, the covenants set forth below.

Subject to certain exceptions and other than as expressly contemplated by the Business Combination Agreement or the Ancillary Agreements, as set forth on the Schedules, as consented to by the Parties or as required by applicable Law, the Parties shall, operate in the ordinary course of business, and use commercially reasonable efforts to preserve their relationships with material customers, suppliers, distributors and others with whom such Parties has a material business relationship.

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Subject to certain exceptions and other than as set forth on the Schedules or as consented to by the Parties (such consent not to be unreasonably withheld, conditioned or delayed) or expressly contemplated by the Business Combination Agreement or the Ancillary Agreements or required by applicable Law, the Parties shall comply with both affirmative and negative covenants, including but not limited to:

| ● | during the interim period between the date of the Business Combination Agreement and the Closing (or earlier termination), each Company will provide SPAC and its representatives reasonable access to its offices, employees, properties, contracts, books, records, financial and operating data, and other relevant information, and will cause its representatives to reasonably cooperate with SPAC’s investigation. similarly, SPAC and its representatives will provide each Company and its representatives reasonable access to similar information regarding SPAC and its subsidiaries and will cause its representatives to reasonably cooperate