Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 512

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 512
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 the extent it relates to exposure to Hazardous Material), the Asbestos Hazard Emergency Response Act, 15 U.S.C. Section 2601,
et. seq., the Safe Drinking Water Act, 42 U.S.C. Section 300f, et. seq., the Oil Pollution Act of 1990 and analogous
state acts.

“Environmental Liabilities”
means, in respect of any Person, all Liabilities, obligations, responsibilities, Remedial Actions, losses, damages, costs, and expenses
(including all reasonable fees, disbursements, and expenses of counsel, experts, and consultants and costs of investigation and feasibility
studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand by any other Person or in response to
any violation of Environmental Law, whether known or unknown, accrued or contingent, whether based in contract, tort, implied or express
warranty, strict liability, criminal or civil statute, to the extent based upon, related to, or arising under or pursuant to any Environmental
Law, Environmental Permit, Order, or Contract with any Governmental Authority or other Person, that relates to any environmental, health
or safety condition, violation of Environmental Law, or a Release or threatened Release of Hazardous Materials.

<div align='center'>A-86</div>

“Environmental Permit”
has the meaning specified in Section 4.20(a).

“ Equity Incentive Plan” has the meaning specified in Section Error! Reference source not found.

“ERISA”
means the U.S. Employee Retirement Income Security Act of 1974, as amended.

“ERISA Affiliate”
means any trade or business or person (whether or not incorporated that, together with the Company, is a member of (a) a controlled group
of corporations (as defined in Section 414(b) of the Code); (b) a group of trades or businesses under common control (as defined
in Section 414(c) of the Code or Section 4001(b)(1) of ERISA); or (c) an affiliated service group (as defined under Section 414(m)
of the Code).

“Exchange Act”
means the U.S. Securities Exchange Act of 1934, as amended.

“Exchange Agent”
has the meaning specified in Section 1.8(a).

“Expenses”
has the meaning specified in Section 10.3.

“Extension”
has the meaning specified in Section 7.3.

“Extension Expenses”
has the meaning specified in Section