Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 169

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 169
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 (i) any derivative action or proceeding brought on our behalf, (ii) any action asserting
a claim of breach of any fiduciary or other duty owed by any of our current or former director, officer or other employee to us or our
shareholders, (iii) any action asserting a claim arising pursuant to any provision of the Companies Act or our amended and restated
memorandum and articles of association, or (iv) any action asserting a claim against us governed by the internal affairs doctrine
(as such concept is recognized under the laws of the United States of America) and that each shareholder irrevocably submits to
the exclusive jurisdiction of the courts of the Cayman Islands over all such claims or disputes.

The
forum selection provision in our amended and restated memorandum and articles of association will not apply to actions or suits brought
to enforce any liability or duty created by the Securities Act, Exchange Act or any claim for which the federal district courts
of the United States of America are, as a matter of the laws of the United States of America, the sole and exclusive forum
for determination of such a claim.

Our
amended and restated memorandum and articles of association also provides that, without prejudice to any other rights or remedies that
we may have, each of our shareholders acknowledges that damages alone would not be an adequate remedy for any breach of the selection
of the courts of the Cayman Islands as exclusive forum and that accordingly we shall be entitled, without proof of special damages, to
the remedies of injunction, specific performance or other equitable relief for any threatened or actual breach of the selection of the
courts of the Cayman Islands as exclusive forum.

This
choice of forum provision may increase a shareholder’s cost and limit the shareholder’s ability to bring a claim in a judicial
forum that it finds favorable for disputes with us or our directors, officers or other employees, which may discourage lawsuits against
us and our directors, officers and other employees. Any person or entity purchasing or otherwise acquiring any of our shares or other
securities, whether by transfer, sale, operation of law or otherwise, shall be deemed to have notice of and have irrevocably agreed and
consented to these provisions. There is uncertainty as to whether a court would enforce such provisions, and the enforceability of similar
choice of forum provisions in other companies’ charter documents has been challenged in legal proceedings. It is possible that
a court could find this type of