Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 161

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 161
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 a compensation
committee, consisting of solely independent directors. The compensation committee consists of Alexandra Steele and Lyman Dickerson. The
Board has determined that each of the members of the compensation committee is a non-employee director, as defined in Rule 16b-3
promulgated under the Exchange Act and satisfies the independence requirements of Nasdaq.

The purpose of the compensation committee is to assist the Board in discharging its responsibilities relating to (1) setting Holdco’s compensation program and compensation of its executive officers and directors, (2) monitoring Holdco’s incentive and equity-based compensation plans, (3) approving and modifying, as needed, clawback policies allowing Holdco to recoup improper compensation paid to employees, and (4) preparing the compensation committee report required to be included in Holdco’s proxy statement under the rules and regulations of the SEC.

The Board has adopted a written charter for the compensation committee which is available on Holdco’s website.

Nominating and Corporate Governance Committee

Holdco has a nominating
and corporate governance committee, consisting of independent directors. The nominating and corporate governance committee consists of
Alexandra Steele and Lyman Dickerson. The Board has determined that each of the members of the nominating and corporate governance committee
satisfies the independence requirements of Nasdaq.

The purpose of the nominating and corporate governance committee will be to assist the Board in discharging its responsibilities relating to (1) identifying individuals qualified to become Board members, consistent with criteria approved by the Board, (2) reviewing the qualifications of incumbent directors to determine whether to recommend them for reelection and selecting, or recommending that the Board select, the director nominees for the next annual meeting of stockholders, (3) identifying Board members qualified to fill vacancies on any Board committee and recommending that the Board appoint the identified member or members to the applicable committee, (4) reviewing and recommending to the Board corporate governance principles applicable to Holdco, (5) overseeing the evaluation of the Board and management and (6) handling such other matters that are specifically delegated to the committee by the Board from time to time.

The Board has adopted a written charter for the nominating and corporate governance committee which is available on Holdco’s website.

Code of Ethics

Holdco adopted a Code of Ethics and business conduct applicable to its directors, officers and employees upon completion of the Business Combination. The Code of Ethics is available on Holdco’s website. Holdco will also post any amendments to or waivers of its Code of Ethics on the website.