Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 508

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 508
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, and instruments to
be executed or delivered by any of the Parties hereto in connection with or pursuant to this Agreement.

“Benefit Plans”
of any Person means any and all deferred compensation, executive compensation, incentive compensation, equity purchase or other equity-based
compensation plan, severance or termination pay, holiday, vacation or other bonus plan or practice, hospitalization or other medical,
life or other insurance, supplemental unemployment benefits, profit sharing, pension, or retirement plan, program, agreement, commitment
or arrangement, and each other employee benefit plan, program, agreement or arrangement, including each “employee benefit plan”
as such term is defined under Section 3(3) of ERISA, maintained or contributed to or required to be contributed to by a Person for
the benefit of any employee or terminated employee of such Person, or with respect to which such Person has any Liability, whether direct
or indirect, actual or contingent, whether formal or informal, and whether legally binding or not.

“Book-Entry Shares”
has the meaning specified in Section 1.8(c).

“Business Combination”
has the meaning specified in Section 11.1.

“Business Day”
means any day other than a Saturday, Sunday or a legal holiday on which commercial banking institutions in New York, New York are authorized
to close for business, excluding as a result of “stay at home,” “shelter-in-place,” “non-essential employee”
or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any Governmental Authority
so long as the electronic funds transfer systems, including for wire transfers, of commercially banking institutions in New York, New
York are generally open for use by customers on such day.

“Certificate”
has the meaning specified in Section 1.7.

“Certificate of Incorporation”
means the Certificate of Incorporation of a corporation.

<div align='center'>A-83</div>

“Closing”
has the meaning specified in Section 2.1.

“Closing Date”
has the meaning specified in Section 2.1.

“Closing Filing”
has the meaning specified in Section 7.15(b).

“Closing Press Release”
has the meaning specified in Section 7.15(b).

“Code”
means the Internal Revenue Code of 1986, as amended, and any successor statute thereto, as amended. Reference to a specific section of
the Code shall include such section and any valid treasury regulation promulgated thereunder.

“Companies Act”
has