Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 1124

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 9B
Chunk 1124
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 association
provides that, to the fullest extent permitted by applicable law: (i) no individual serving as a director or an officer shall have
any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar
business activities or lines of business as us; and (ii) we renounce any interest or expectancy in, or in being offered an opportunity
to participate in, any potential transaction or matter which may be a corporate opportunity for any director or officer, on the one hand,
and us, on the other. We do not believe, however, that the fiduciary duties or contractual obligations of our officers or directors will
materially affect our ability to complete our initial business combination.

Below is a table summarizing
the entities to which our executive officers and directors currently have fiduciary duties or contractual obligations:

    Individual
     
    Entity
     
    Entity’s Business
     
    Affiliation/Title
  
    Paul Grinberg
     
    Axos Financial
     
    Banking
     
    Chairman

    PG Mountain Capital
     
    Consulting
     
    President
  
    Douglas Horlick
     
    Estancia Consulting
     
    Consulting
     
    Founder
  
    Jeffrey T. Lager

    Michael Marquez
     
    Morado Ventures
     
    Venture Capital
     
    Co-Founder/General Partner

    E12 Ventures
     
    Venture Capital
     
    Co-Founder/General Partner
  
    Jaime W. Vieser
     
    Brushwood LLC
     
    Investments
     
    Manager

Potential investors should also be aware of the
following other potential conflicts of interest:

●Our executive officers and directors are not required to,
and will not, commit their full time to our affairs, which may result in a conflict of interest in allocating their time between our
operations and our search for a business combination and their other businesses. We do not intend to have any full-time employees
prior to the completion of our initial business combination. Each of our executive officers is engaged in several other business endeavors
for which he may be entitled to substantial compensation, and our executive officers are not obligated to contribute any specific number
of hours per week to our affairs.

68

●Our initial shareholders purchased founder shares and private
units. Our initial shareholders have entered into agreements with us, pursuant to which they have agreed to