Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 443

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 443
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ritten, written descriptions of the material
terms thereof) and related trust agreements or annuity Contracts (including any amendments, modifications or supplements thereto); (ii)
the current summary plan descriptions and summary of material modifications thereto; (iii) the three (3) most recent annual report, including
all schedules thereto; (iv) the most recent annual and periodic accounting of plan assets; (v) the three (3) most recent nondiscrimination
testing reports; (vi) the most recent determination letter received from the a tax agency, if any; (vii) the most recent actuarial valuation;
(viii) any trust or funding agreements as well as any insurance policies or contracts, and (ix) all material and non-routine communications
with any Governmental Authority within the last three (3) years.

(d) With respect to each Company
Benefit Plan: (i) such Company Benefit Plan is and has at all times been operated, maintained, funded, and administered by such Company
in accordance with its material terms, and applicable laws; (ii) no breach of fiduciary duty has occurred; (iii) no Action is pending,
or to such Company’s Knowledge, threatened (other than routine claims for benefits arising in the ordinary course of administration);
(iv) no prohibited transaction, as defined by any applicable Laws, has occurred, excluding transactions effected pursuant to a statutory
or administration exemption, and (v) all contributions and premiums due through the Closing Date have been timely made or have been fully
accrued on such Company Financials.

<div align='center'>A-37</div>

(e) Neither such Company nor
any ERISA Affiliate of such Company has, at any time, sponsored, maintained, contributed to, or been obligated to sponsor, maintain or
contribute to, or has any actual or contingent liability under, any (i) defined benefit pension plan or a plan subject to Section 302
of Title I of ERISA, Section 412 of the Code, or Title IV of ERISA, (ii) a “multiemployer plan” within the meaning of
Section 3(37) of 4001(a)(3) of ERISA, (iii) a “multiple employer plan” within the meaning of Section 412(c) of the
Code or Section 210(a) of ERISA; or (iv) a “multiple employer welfare arrangement” within the meaning of Section 3(40)
of ERISA.

(f) (i