Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 1064

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 9A
Chunk 1064
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 disclosures
under “Management’s Discussion and Analysis of Financial Condition and Results of Operations”; reviewing and
approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by
the SEC prior to us entering into such transaction; and

65

●reviewing with management, the independent auditors, and
our legal advisors, as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators or government
agencies and any employee complaints or published reports that raise material issues regarding our financial statements or accounting
policies and any significant changes in accounting standards or rules promulgated by the Financial Accounting Standards Board, the SEC
or other regulatory authorities.

Compensation Committee

We have established a compensation committee of
the board of directors. The initial members of our compensation committee are Jaime W. Vieser, Michael Marquez and Jeffrey T. Lager.
Under the Nasdaq listing standards and applicable SEC rules, we are required to have at least two members of the compensation committee,
all of whom must be independent. Jaime W. Vieser, Michael Marquez and Jeffrey T. Lager are independent and Mr. Jaime W. Vieser
chairs the compensation committee.

We have adopted a compensation committee charter,
which details the principal functions of the compensation committee, including:

●reviewing and approving on an annual basis the corporate
goals and objectives relevant to our chief executive officer’s compensation, evaluating our chief executive officer’s performance
in light of such goals and objectives and determining and approving the remuneration (if any) of our chief executive officer based on
such evaluation;

●reviewing and making recommendations to our board of directors
with respect to the compensation, and any incentive compensation and equity based plans that are subject to board approval of all of
our other officers;

●reviewing our executive compensation policies and plans;

●implementing and administering our incentive compensation
equity-based remuneration plans;

●assisting management in complying with our proxy statement
and annual report disclosure requirements;

●approving all special perquisites, special cash payments
and other special compensation and benefit arrangements for our officers and employees;

●producing a report on executive compensation to be included
in our annual proxy statement; and

●reviewing, evaluating and recommending changes, if appropriate,
to the remuneration for directors.

We may pay Paul Grinberg, our Chairman and Chief
Executive Officer and Douglas Horlick,