Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 325

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 325
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 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, our President Chief Financial Officer, an aggregate of up to $20,000 per month for their services
as executive officers and directors of the Company. Other than the compensation described above, no other compensation of any kind, including
finders, consulting or other similar fees, will be paid to any of our existing shareholders, officers, directors or any of their respective
affiliates, prior to, or for any services they render in order to effectuate the consummation of an initial business combination. Accordingly,
it is likely that prior to the consummation of an initial business combination, the compensation committee will only be responsible for
the review and recommendation of any compensation arrangements to be entered into in connection with such initial business combination.

The charter also provides that the compensation
committee may, in its sole discretion,