Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 513

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 513
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 7.3.

“Founder Shares”
has the meaning specified in Section 10.2(b).

“Federal Securities Laws” has the meaning specified in Section 7.9.

“Fraud Claim”
means any claim based in whole or in part upon fraud, willful misconduct or intentional misrepresentation.

“GAAP”
means generally accepted accounting principles as in effect in the United States of America.

“Governmental Authority”
means any federal, state, local, foreign or other governmental, quasi-governmental or administrative body, instrumentality, department
or agency, including the Federal Reserve Board, or any self-regulatory organization, including FINRA, or any court, tribunal, administrative
hearing body, arbitration panel, commission, or other similar dispute-resolving panel or body.

“Greenland Company Merger Consideration” has the meaning specified in Section 1.5.

“Greenland Merger”
has the meaning specified in the Recitals hereto.

“Greenland Merger Effective Time” has the meaning specified in Section 1.2.

“Greenland Merger Sub” has the meaning specified in the Preamble hereto.

<div align='center'>A-87</div>

“Greenland Merger Sub Common Stock” means the common stock of Greenland Merger Sub, par value $0.01 per share.

“Greenland Share Exchange”
means the exchange of shares of Greenland for shares of Holdco pursuant to Greenland Merger.

“Hazardous Material”
means any waste, gas, liquid or other substance or material that is defined, listed or designated as a “hazardous substance,”
“pollutant,” “contaminant,” “hazardous waste,” “regulated substance,” “hazardous
chemical,” or “toxic chemical” (or by any similar term) under any Environmental Law, or any other material regulated,
or that could result in the imposition of Liability or responsibility, under any Environmental Law, including petroleum and its by-products,
asbestos, polychlorinated biphenyls, radon, mold, and urea formaldehyde insulation.

“Holdco”
has the meaning specified in the Preamble.

“Holdco Common Stock”
means the common stock of Holdco.

“Holdco Material Adverse Effect” has the meaning specified in Section 6.3.

“Holdco Warrant”
has the meaning specified in Section 1.6(d).

“Indebtedness”
of any Person means, without duplication, (a) all indebtedness