Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 515

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 515
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 against loss, but in all cases excluding transaction
Expenses associated with the transactions contemplated by this Agreement.

<div align='center'>A-88</div>

“Intellectual Property”
means any and all of the following arising pursuant to the Laws of any jurisdiction throughout the world: (a) trademarks, service marks,
trade names, and similar indicia of source or origin, all registrations and applications for registration thereof, and the goodwill connected
with the use of and symbolized by the foregoing; (b) Copyrights and all registrations and applications for registration thereof; (c) trade
secrets and know-how; (d) patents and patent applications; (e) internet domain name registrations; and (f) other intellectual property
and related proprietary rights together with all goodwill related to the foregoing.

“Intended Tax Treatment”
has the meaning specified in the Recitals hereto.

“Interim Balance Sheet Date” has the meaning specified in Section 4.7(a).

“Interim Period”
has the meaning specified in Section 7.1.

“Internet Assets”
means all domain name registrations, web sites and web addresses and related rights, items and documentation related thereto, and applications
for registration therefor.

“Investment Company Act” has the meaning specified in Section 3.15.

“IPO”
means the initial public offering of Purchaser Public Units pursuant to the IPO Prospectus.

“IPO Prospectus”
means the final prospectus of the Purchaser, dated as of May 22, 2025, and filed with the SEC on May 23, 2025 (File No. 333-286452).

“IPO Underwriter”
means EarlyBirdCapital, Inc.

“IRS”
means the U.S. Internal Revenue Service (or any successor Governmental Authority).

“Key Personnel”
means Robert Price.

“Knowledge”
means, (i) with respect to either Company, the actual knowledge of the individuals set forth on Section 14.1(a)
of the Company Disclosure Schedules after reasonable due inquiry, (ii) with respect to Holdco or any Merger Sub, the actual knowledge
of the individuals set forth on Section 14.1(ii) of the Purchaser Disclosure Schedules
after reasonable due inquiry, and (iii) with respect to the Purchaser, the actual knowledge of the individuals set forth on Section 15.1(iii)
of the Purchaser Disclosure Schedules after reasonable due inquiry.

“Law”
means any federal, state, county, local, provincial