Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 518

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 518
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 of its Subsidiaries compared to other participants
in the industries in which such Person or any of its Subsidiaries primarily conducts its businesses.

“Merger Consideration”
has the meaning specified Section 1.5.

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

“Mergers”
has the meaning specified in the Recitals hereto.

“Nasdaq”
means the Nasdaq Global Market.

“Non-Competition Agreement”
has the meaning specified in the Recitals hereto.

“Nonparty Affiliate”
has the meaning specified in Section 12.13.

“OFAC”
has the meaning specified in Section 3.18(c).

“Off-the-Shelf Software”
has the meaning specified in Section 4.13(a).

“Order”
means any order, decree, ruling, judgment, injunction, writ, determination, binding decision, verdict, judicial award or other action
that is or has been made, entered, rendered, or otherwise put into effect by or under the authority of any Governmental Authority.

“Organizational Documents”
means, with respect to any Person that is an entity, its certificate of incorporation or formation, bylaws, operating agreement, memorandum
and articles of association or similar organizational documents, in each case, as amended.

“Outside Date”
has the meaning specified in Section 10.1(b).

“Patents”
means any patents, patent applications and the inventions, designs and improvements described and claimed therein, patentable inventions,
and other patent rights (including any divisional, provisional, continuations, continuations-in-part, substitutions, or reissues thereof,
whether or not patents are issued on any such applications and whether or not any such applications are amended, modified, withdrawn,
or refiled).

<div align='center'>A-91</div>

“PCAOB”
means the U.S. Public Company Accounting Oversight Board (or any successor thereto).

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

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

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

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

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

“Permits”
means all