Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 521

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 2
Chunk 521
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 Jaime W. Vieser, Michael Marquez
and Jeffrey T. Lager and Mr. Jeffrey T. Lager serves as chair of the nominating and corporate governance committee.

We have adopted a nominating and corporate governance
committee charter, which details the purpose and responsibilities of the nominating and corporate governance committee, including:

●identifying, screening and reviewing individuals qualified
to serve as directors, consistent with criteria approved by the board, and recommending to the board of directors candidates for nomination
for appointment at the annual general meeting of shareholders or to fill vacancies on the board of directors;

●developing and recommending to the board of directors and
overseeing implementation of our corporate governance guidelines;

●coordinating and overseeing the annual self-evaluation of
the board of directors, its committees, individual directors and management in the governance of the company; and

●reviewing on a regular basis our overall corporate governance
and recommending improvements as and when necessary.

The charter also provides that the nominating and
corporate governance committee may, in its sole discretion, retain or obtain the advice of, and terminate, any search firm to be used
to identify director candidates, and will be directly responsible for approving the search firm’s fees and other retention terms.

We have not formally established any specific, minimum
qualifications that must be met or skills that are necessary for directors to possess. In general, in identifying and evaluating nominees
for director, the board of directors considers educational background, diversity of professional experience, knowledge of our business,
integrity, professional reputation, independence, wisdom, and the ability to represent the best interests of our shareholders. Prior to
our initial business combination, holders of our public shares will not have the right to recommend director candidates for nomination
to our board of directors.

Compensation Committee Interlocks and Insider Participation

None of our officers currently serves, or in the
past year has served, as a member of the compensation committee of any entity that has one or more officers serving on our board of directors.

Code of Ethics

We have adopted a Code of Ethics applicable to our
directors, officers and employees. We have filed a copy of our Code of Ethics with the SEC. You may review this document by accessing
our public filings at the SEC’s web site at www.sec.gov. In addition, a copy of the Code of Ethics and the charters
of the committees of our board of directors will be provided without charge upon request from us. If we