RE: Securities Subscription AgreementSecurities Subscription Agreement • August 8th, 2024 • Mountain Lake Acquisition Corp. • New York
This agreement (the “Agreement”) is entered into as of June 27, 2024 by and between Mountain Lake Acquisition Sponsor LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Mountain Lake Acquisition Corp., a Cayman Island exempted company (the “Company,” “we” or “us”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 7,187,500 Class B Ordinary shares, $0.0001 par value per share (the “Shares”), up to 937,500 of which are subject to forfeiture by you if the underwriters of the initial public offering (“IPO”) of units (“Units”) of the Company, do not fully exercise their over-allotment option (the “Over-allotment Option”). The Company and the Subscriber’s agreements regarding such Shares are as follows:
