Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 159

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 159
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iley holds a B.S. in Finance from the University of Connecticut. Mr. Riley spent twelve years serving on the University of
Connecticut’s Foundation Board from 2001 to 2013. We believe Mr. Riley is well-qualified to serve as a member of the Board due
to his more than three decades of experience across various technology sectors (IT, Cloud, Security, Automation and AI), and his
proven track record of driving revenue growth, gross margin expansion, ecosystem partnerships and fostering lasting customer
relationships.

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Number, Terms of Office and Appointment of Directors and Officers

The Board consists of five members, which are divided into three classes with only one class of directors being elected in each year and each class (except for those directors appointed prior to Holdco’s first annual meeting of shareholders) serving a 3-year term. The term of office of the first class of directors will expire at Holdco’s first annual meeting. The term of office of the second class of directors will expire at Holdco’s second annual meeting of shareholders. The term of office of the third class of directors will expire at Holdco’s third annual meeting of shareholders.

Holdco’s officers are appointed by the Board and will serve at the discretion of the Board, rather than for specific terms of office. The Board is authorized to appoint persons to the offices set forth in the Holdco A&R Articles and/or Holdco A&R Bylaws as it deems appropriate.

Role of the Board in Risk Oversight

The Board’s role in
risk oversight at the Company is consistent with its leadership structure, with the Executive Chairperson, CEO, President and other members
of senior management having responsibility for assessing and managing RET’s risk exposures, and the Board and its committees providing
oversight in connection with those efforts and attempts to mitigate identified risks. As part of the Board’s meetings, the Board
will review and seek to assess on an ongoing basis the risks faced by RET in executing its business plans. These risks include business,
operational, technological, cybersecurity, financial and liquidity risks. The Board will periodically receive updates from management
on the primary risks facing RET and the measures that RET is taking to mitigate such risks.

The Board also dedicates
time to review and consider the relevant risks that need to be addressed at the time of any Board meeting. In addition to the full Board,
the Audit Committee plays an important role in the oversight of RET’s risk management processes, as well as assessing RET’s