Company: MLAC
Filing Date: 2025-10-07
Form Type: 425
Source: 0001213900-25-097100
Chunk: 11

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 425
Chunk 11
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iversary Release”); provided, that if the VWAP of Pubco Class A Stock equals or exceeds
$12.50 per share for any 20 consecutive trading days following the Closing, the Anniversary Release will be deemed to occur at 11:59 p.m.
New York City time on such 20th consecutive trading day, and (ii) the date on which Pubco consummates a liquidation, merger, capital stock
exchange, reorganization or other similar transaction that results in all Pubco shareholders having the right to exchange their shares
of Pubco Stock for cash, securities or other property (the “Lock-Up Period”). The Lock-Up Agreements include customary
exceptions to the transfer restrictions, including transfers to affiliates, family members, charitable organizations and in connection
with certain tax or estate planning transactions, provided that the transferee agrees to be bound by the same restrictions for the remainder
of the Lock-Up Period. Any transfer in violation of the Lock-Up Agreements will be null and void, and Pubco is authorized to impose stop-transfer
instructions with respect to any such Restricted Securities during the Lock-Up Period.

The form of Lock-Up Agreements are filed as Exhibit 10.2 and Exhibit 10.3 to this Current Report on Form 8-K, and the foregoing description thereof does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Lock-Up Agreements and the terms of which are incorporated by reference herein.

Amended and Restated Registration Rights Agreement

Concurrently with the Closing,
Pubco, SPAC, the Sponsor, the Seller, Avalanche (BVI), Inc., a company incorporated in the British Virgin Islands (“Avalanche BVI”), Avalanche Cayman, a Cayman Islands exempted company (“Avalanche Cayman” and together with Avalanche
BVI, the “Foundation”) and certain securityholders shall enter into an amended and restated registration rights agreement,
which will add Pubco as a party and cover the resale of the shares of Pubco Stock held by the Sponsor, the Seller, the Foundation and
such other securityholders (the “Amended and Restated Registration Rights Agreement”), which provides for customary
demand registration rights, piggyback registration rights and shelf registration rights for the benefit of the holders of Pubco Stock
named therein, subject to customary cutbacks and issuer suspension rights. The Amended and Restated Registration Rights Agreement also
includes customary provisions relating to underwriting participation, registration expenses, indemnification and