Company: RAIN
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033116
Chunk: 202

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 202
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,183,291 |

F-15

Note 4 — Intangible Assets

Patent License

On November 21, 2022, the Company entered
into a license agreement with Dr. Theodore Anderson, a plasma physicist, whereby the Company was granted an exclusive, worldwide
license under certain of Dr. Anderson’s patents. The consideration paid for the license of $, which was fully paid in
November of 2022, was recorded as a finite-lived intangible asset.

Consulting Agreement for Rainfall Ionization Equipment

In November 2022, the Company entered into a consulting agreement,
which was later amended on December 8, 2022, to engage its senior technology advisor (“Technical Advisor”). The Company
agreed to pay the Technical Advisor a one-time fee upon execution of the agreement (“First-time fee”) and a consulting fee
of AUD per year (equivalent to approximately $ as of the effective date), which was later revised to $ in February
2025, as well as certain success fees that will be paid upon reaching certain milestones. In May 2023, the Technical Advisor met
a significant milestone in improving the design and a bonus of AUD was paid in June 2023 (equivalent to approximately $).

In connection with the consulting agreement, the Company also agreed
to obtain from the Technical Advisor an irrevocable, perpetual, non-exclusive license under certain engineering designs in connection
with rainfall ionization equipment and systems. The Company fully paid the amount of $ in June 2023.

Intangible Assets

Intangible assets as of December 31, 2024 and 2023 are composed
of licenses under certain patents and designs for weather modification and rainfall ionization equipment to Dr. Anderson and the Technical
Advisor as discussed above.

Management anticipates that equipment utilizing certain of these patents
and designs will become operational and placed in service within 2025. The Company amortizes those assets on a straight-line basis over
the estimated useful lives of the assets under full-month convention. The Company plans to continually adapt to incorporate new technologies
and to expand into markets that may be created by new technologies for rainfall generation. As a result, the Company anticipates that
the licensed patents and designs will have a ten-year useful life before the Company transitions and adopt new technologies.

Intangible assets as of December 31, 2024 and 2023 was composed
of the following:

|                                                                   |     | Weighted 
 Average  | Useful Life 
     (Years