Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 516

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 516
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, municipal, foreign, supranational or other law, statute, legislation, principle of
common law, ordinance, code, edict, decree, proclamation, treaty, convention, rule, regulation, directive, resolution, requirement, writ,
injunction, settlement, Order or Consent that is or has been issued, enacted, adopted, passed, approved, promulgated, made, implemented
or otherwise put into effect by or under the authority of any Governmental Authority.

<div align='center'>A-89</div>

“Letter of Transmittal”
has the meaning specified in Section 1.8(c).

“Liabilities”
means any and all liabilities, Indebtedness, Actions or obligations of any nature (whether absolute, accrued, contingent or otherwise,
whether known or unknown, whether direct or indirect, whether matured or unmatured, whether due or to become due and whether or not required
to be recorded or reflected on a balance sheet under GAAP or other applicable accounting standards), including Tax liabilities due or
to become due.

“Lien”
means any mortgage, pledge, security interest, attachment, right of first refusal, option, proxy, voting trust, encumbrance, lien or charge
of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof), restriction (whether on
voting, sale, transfer, disposition or otherwise), any subordination arrangement in favor of another Person, or any filing or agreement
to file a financing statement as debtor under the Uniform Commercial Code or any similar Law.

“Lock-Up Agreement”
has the meaning specified in the Recitals hereto.

“Lost Certificate Affidavit” has the meaning specified in Section 1.8(f).

“March GL Merger”
has the meaning specified in the Recitals hereto.

“March GL Merger Consideration”
has the meaning specified in Section 1.5.

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

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

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

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

“Material Adverse Effect” means, with respect to any specified Person, any fact, event, occurrence, change or effect that has had,