[Orders] 2011 Pelican Rebate Program

[Pelican Products Inc.]

Dear Pelican Customer,

As part of the Pelican Partner Program, we are pleased to announce
improvements to our rebate program for 2011. This year we are
offering a three tier rebate program instead of two. All eligible and
qualifying dealers will achieve rebates once they surpass each of the
revenue thresholds shown below:

Sales > $50K - $250K:  Rebate = 2.00%     
Sales > $250K - $1M:   Rebate = 4.25%     
Sales > $1M+:   Rebate = 6.00%

Under this new and improved 'three tier' structure, dealers will
begin accruing rebate dollars once they achieve $50K in 2011 invoiced
purchases. As dealers achieve a revenue tier they will immediately
qualify, back to Dollar one for the amount of rebate associated with
their level of revenue. Below are a few examples of rebate tiers for
you to reference:

- Example 1. Dealer purchases $50K but does not exceed $250K during
the 2011 calendar year:

a. Once a dealer reaches $50K in invoiced purchases, they qualify for
a 2% rebate paid for their total sales YTD at the end of the quarter
in which they achieved $50K.  In any subsequent quarters, they would
be paid 2% for that quarter's business.

- Example 2. Customer reaches $50K and subsequently exceeds $250K
during the year:

a. Once a customer reaches $50K sales, they will have 2% rebate paid
for their total sales YTD at the end of the quarter in which they
achieved $50K.  In any subsequent quarters, they would be paid 2% for
that quarter's business, until they surpass $250K.  When that occurs,
customers will be entitled to 4.25% rebate back to DOLLAR ONE.  The
"true up" will occur at the end of the current quarter in which the
revenue milestone is reached.  Mechanically, Pelican will pay an
additional 2.25% for the sales that had already been paid out and
4.25% on sales that had not received rebates.

- Same exercise will apply for the customers that eventually reach $1
million.

Pelican values all our customers and by extending this 2011 rebate
program we are recognizing your continued support of our world class
products and growth objectives. Good luck in 2011 and thank you for
promoting Pelican across the globe.

Sincerely,

Stephan Corti
Senior Vice President of Worldwide Sales
Pelican Products

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Pelican Products Inc.
23215 Early Avenue
Torrance, CA 90505
United States


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