Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 435

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 435
---
 pending and in good standing, all without challenge
of any kind. Such Company is not a party to any Contract that requires such Company to assign to any Person all of its rights in any Intellectual
Property developed by such Company under such Contract.

<div align='center'>A-31</div>

(c) There are no licenses,
sublicenses or other agreements or permissions under which such Company is the licensor.

(d) Such Company has used reasonable
commercial efforts to maintain the confidentiality of all material Company Intellectual Property the value of which is contingent upon
maintaining the confidentiality thereof. Except as set forth on Schedule 4.13(d), to the Knowledge of such Company, no such Intellectual
Property has been disclosed other than to employees, representatives and agents all of whom are bound by written confidentiality agreements.
Such Company is in material compliance with all confidentiality agreements and other protective agreements to which they are a party that
protect the Intellectual Property of third parties.

4.14 Taxes and Returns.

(a) Such Company has filed
or will cause to be timely filed, all income and other material Tax Returns required to be filed by it (taking into account all available
extensions), all such Tax Returns are true, correct and complete in all material respects, and such Company has paid, collected or withheld,
or caused to be paid, collected or withheld, all income and other material Taxes required to be paid, collected or withheld (whether or
not shown as due on any Tax Returns). Such Company has complied in all material respects with all applicable Laws relating to Tax. Schedule
4.14(a) sets forth each jurisdiction where such Company files or is required to file a Tax Return.

(b) There are no Actions pending
against such Company in respect of the Taxes or Tax Returns of such Company and such Company has not been notified in writing of any proposed
Tax claims or assessments against such Company, in each case that have not been resolved. No written claims have been made by a Governmental
Authority in a jurisdiction in which such Company does not file Tax Returns that such Company is or may be subject to taxation by such
jurisdiction.

(c) Such Company is not party
to any agreement (and has not otherwise agreed) to extend or waive the time in which any material Tax may be assessed or collected by
any Governmental Authority, other than any such extensions or waivers that are no longer in effect. Such Company is not currently the
beneficiary of any extension of time within which to file any Tax Return, other than automatic extensions