Company: MLAC
Filing Date: 2025-10-07
Form Type: 8-K
Source: 0001213900-25-097093
Chunk: 10

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 8-K
Item: Item 1.01
Chunk 10
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reement

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 coordination of sales
in underwritten offerings, and will become effective upon the Closing and will supersede SPAC’s existing registration rights agreement
in its entirety.

The form of Amended and
Restated Registration Rights Agreement is filed as Exhibit 10.4 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 the Amended and Restated
Registration Rights Agreement and the terms of which are incorporated by reference herein.

Company Unit Subscription Agreement

Concurrently with the
execution of the Business Combination Agreement, Pubco, the Company and SPAC entered into subscription agreements (collectively, the
“ Company Unit Subscription Agreements”) with certain investors (the “ Company Unit Investors”),
pursuant to which the Company Unit Investors agreed to purchase, payable in cash or USD Coin (“USDC”), unlocked
AVAX or locked AVAX, and the Company agreed to issue and sell, approximately $274 million worth of Company Class A units (the
“ Subscribed Units”) at a price of $10.00 per Subscribed Unit, in a private placement (the “ Company Unit Subscription”), upon the terms
and subject to the conditions set forth therein. Company Unit Investors received a number of Subscribed Units equal to the quotient
of (i) the Subscription Price and (ii) $10.00 (the “ Per Unit Price”). “ Subscription Price”
means (a) if the Company Unit Investor elected