Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 442

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 442
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Company Benefit Plans” means any “employee benefit plan” (as defined in Section 3(3) of ERISA), and all material contracts,
plans, agreements, programs, arrangements, employee benefit plans, compensation arrangements and other benefit arrangements, whether written
or unwritten and whether or not providing cash- or equity-based incentives (e.g., restricted stock, stock option, stock appreciation right,
phantom stock, etc.), health, medical, dental, disability, accident or life insurance benefits, change in control or retention payments,
vacation, severance, salary continuation, or other termination pay, bonus, commissions or other variable compensation, vacation, paid-time-off,
sick leave, fringe benefit, retirement, deferred compensation, pension or savings benefits, that are sponsored, maintained, contributed
to or required to be contributed by such Company or any of its Subsidiaries or under which such Company or any of its Subsidiaries has
any liability or obligation (including any contingent liability or obligation) and all employment or other agreements providing compensation,
vacation, severance or other benefits to any officer, employee, consultant or former employee of such Company or any of its Subsidiaries
to which such Company or any of its Subsidiaries is a party.

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(b) Set forth on Schedule 4.19(b)
is a true and complete list of each material Company Benefit Plan (other than any at will offer letter that does not provide for severance
or termination benefits and is on the standard form of offer letter disclosed on Schedule 4.19(b)). With respect to each Company Benefit
Plan, there are no funded benefit obligations for which contributions have not been made or properly accrued and there are no unfunded
benefit obligations that have not been accounted for by reserves, or otherwise properly footnoted in accordance with GAAP on the Company
Financials. Such Company has in the past been neither a member of a “controlled group”, nor does such Company have any Liability
with respect to any collectively-bargained for plans. No fact exists which could reasonably be expected to adversely affect the qualified
status of any Company Benefit Plans or the exempt status of such trusts.

(c) With respect to each Company
Benefit Plan, such Company has provided to Purchaser accurate and complete copies, if applicable, of: (i) all material Company Benefit
Plan documents and agreements (or, in the case of any such Company Benefit Plan that is unw