Combine chocolate chips, butter, almond butter, and vanilla in a microwave safe bowl. Microwave in 30 second intervals until completely melted. Set aside.
Place cereal in a large bowl. Drizzle chocolate mixture over cereal. Gently stir to fully combine. Set aside.
In a gallon-sized plastic bag, place powdered sugar, cinnamon, nutmeg and cloves. Mix until completely combined. Add cereal mixture to the bag, seal and shake until the cereal is evenly coated with the powdered sugar coating. Serve.
