Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 895

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 7A
Chunk 895
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developing and recommending to the board of directors and
overseeing implementation of our corporate governance guidelines;

●coordinating and overseeing the annual self-evaluation of
the board of directors, its committees, individual directors and management in the governance of the company; and

●reviewing on a regular basis our overall corporate governance
and recommending improvements as and when necessary.

The charter also provides that the nominating and
corporate governance committee may, in its sole discretion, retain or obtain the advice of, and terminate, any search firm to be used
to identify director candidates, and will be directly responsible for approving the search firm’s fees and other retention terms.

We have not formally established any specific, minimum
qualifications that must be met or skills that are necessary for directors to possess. In general, in identifying and evaluating nominees
for director, the board of directors considers educational background, diversity of professional experience, knowledge of our business,
integrity, professional reputation, independence, wisdom, and the ability to represent the best interests of our shareholders. Prior to
our initial business combination, holders of our public shares will not have the right to recommend director candidates for nomination
to our board of directors.

Compensation Committee Interlocks and Insider Participation

None of our officers currently serves, or in the
past year has served, as a member of the compensation committee of any entity that has one or more officers serving on our board of directors.

Code of Ethics

We have adopted a Code of Ethics applicable to our
directors, officers and employees. We have filed a copy of our Code of Ethics with the SEC. You may review this document by accessing
our public filings at the SEC’s web site at www.sec.gov. In addition, a copy of the Code of Ethics and the charters
of the committees of our board of directors will be provided without charge upon request from us. If we make any amendments to our Code
of Ethics other than technical, administrative or other non-substantive amendments, or grant any waiver, including any implicit waiver,
from a provision of the Code of Ethics applicable to our principal executive officer, principal financial officer principal accounting
officer or controller or persons performing similar functions requiring disclosure under applicable SEC or Nasdaq rules, we will disclose
the nature of such amendment or waiver on our website. The information included on our website is not incorporated by reference into this
Form 10-K or in any other report or document we file with the SEC, and any references to