Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 524

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 524
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 schedule or attachment thereto and including any amendments
thereof.

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

“Trade Secrets”
means any trade secrets, confidential business information, concepts, ideas, designs, research or development information, processes,
procedures, techniques, technical information, specifications, operating and maintenance manuals, engineering drawings, methods, know-how,
data, mask works, discoveries, inventions, modifications, extensions, improvements, and other proprietary rights (whether or not patentable
or subject to copyright, trademark, or trade secret protection).

“Trademarks”
means any trademarks, service marks, trade dress, trade names, brand names, internet domain names, designs, logos, or corporate names
(including, in each case, the goodwill associated therewith), whether registered or unregistered, and all registrations and applications
for registration and renewal thereof.

“Transmittal Documents”
has the meaning specified in Section 1.8(e).

“Trust Account”
means the trust account established by Purchaser with the proceeds from the IPO pursuant to the Trust Agreement in accordance with the
IPO Prospectus.

“Trust Agreement”
means that certain Investment Management Trust Agreement, dated as of May 22, 2025, as it may be amended, by and between the Purchaser
and the Trustee.

“Trustee”
means Continental Stock Transfer & Trust Company, in its capacity as trustee under the Trust Agreement.

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IN WITNESS WHEREOF, each Party
has caused this Agreement and Plan of Merger to be executed and delivered by its duly authorized representative, as of the date first
written above.

| Holdco:              |              |              |
| Pelican Holdco, Inc. |              |              |
| By:                  | /s/          
 Robert Labbe |              |
|                      | Name:        | Robert Labbe |
|                      | Title:       | Director     |

| Purchaser:          |              |                  |
| Pelican Acquisition 
 Corporation         |              |                  |
| By:                 | /s/          
 Robert Labbe |                  |
|                     | Name:        | Robert Labbe     |
|                     | Title:       | Chairman and CEO |

| Pelican             
 Merger Sub:         |              |              |
| Pelican Merger