SEC Contract Filing

Filing Date: 2024-12-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>9
<FILENAME>ea022486001ex10-5_mountain.htm
<DESCRIPTION>REPRESENTATIVE PRIVATE UNIT SUBSCRIPTION AGREEMENT, DATED DECEMBER 12, 2024, BY AND BETWEEN THE COMPANY AND BTIG, LLC
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.5</B></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PRIVATE UNITS PURCHASE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">December 12, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mountain Lake Acquisition Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">930 Tahoe Blvd STE 802 PMB 45</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Incline Village, NV 89451&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mountain Lake Acquisition Corp. (the &ldquo;Company&rdquo;),
a blank check company newly incorporated in the Cayman Islands as an exempted company for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses
(a &ldquo;Business Combination&rdquo;), intends to register its securities under the Securities Act of 1933, as amended (&ldquo;Securities
Act&rdquo;), in connection with its initial public offering (&ldquo;IPO&rdquo;). The Company currently anticipates selling units (&ldquo;Units&rdquo;)
in the IPO, each comprising of one Class A ordinary share (&ldquo;Ordinary Share&rdquo;) and one right to receive one-tenth (1/10) of
one Ordinary Share (each, a &ldquo;Right&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The undersigned hereby commits to purchase an aggregate
of 250,000 units of the Company (the &ldquo;Initial Private Units&rdquo;), each unit consisting of one Ordinary Share (the &ldquo;Private
Shares&rdquo;) and one Right (the &ldquo;Private Rights&rdquo;), for a purchase price of $10.00 per unit and an aggregate purchase price
of $2,500,000 (the &ldquo;Initial Purchase Price&rdquo;). Additionally, if the underwriters in the IPO (the &ldquo;Underwriters&rdquo;)
exercise their over-allotment option in full or in part, the undersigned further commits to purchase up to an additional 60,000 units
(the &ldquo;Additional Private Units&rdquo; and together with the Initial Private Units, the &ldquo;Private Units&rdquo;) at a purchase
price of $10.00 per unit, for an aggregate additional purchase price of up to $600,000 (the &ldquo;Over-Allotment Purchase Price&rdquo;
and together with the Initial Purchase Price, the &ldquo;Purchase Price&rdquo;). The undersigned shall pay, at least one (1) business
day prior to the closing date of the IPO (the &ldquo;IPO Closing Date&rdquo;), the Initial Purchase Price by wire transfer of immediately
available funds, to accounts designated by the Company, including to the trust account (the &ldquo;Trust Account&rdquo;) with Continental
Stock Transfer &amp; Trust Company acting as trustee, in accordance with the Company&rsquo;s wiring instructions. On the IPO Closing Date,
subject to receipt of funds pursuant to the immediately prior sentence, the Company shall effect delivery of the Initial Private Units
to the undersigned in book-entry form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Simultaneously with the consummation of all or
any part of the underwriters&rsquo; over-allotment option, the undersigned shall pay the pro-rata portion of the Over-Allotment Purchase
Price, based upon the amount of the over-allotment option that has been exercised, without interest or deduction, by wire transfer of
immediately available funds to the Company or the Trust Account (as set forth in the wire instructions). On each applicable over-allotment
closing date, subject to receipt of funds pursuant to the immediately prior sentence, the Company shall effect delivery of the Additional
Private Units to the undersigned in book-entry form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The undersigned agrees that if the size of the
IPO is increased or decreased for any reason, the amount of the undersigned&rsquo;s investment will be either increased or decreased,
as applicable, so that the undersigned&rsquo;s percentage of the aggregate investment in Private Units made by the undersigned and other
investors of the Company remains the same. If the size of the offering is increased, the undersigned agrees that it will deliver the purchase
price for such additional Private Units as promptly as is reasonably practicable following the increase if it is on the IPO Closing Date.
If the size of the offering is decreased, the unused portion of the Purchase Price shall be returned to the undersigned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-alig