Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1230

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 8
Chunk 1230
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 initially reserved 747,168 shares of Class A Common Stock for the issuance of awards under the 2024 Incentive Plan. The number of
shares reserved for issuance under the 2024 Incentive Plan will increase automatically on January 1 of each of 2025 through 2034 by the
number of shares equal to 5.0% of the total number of outstanding shares (rounded down to the nearest whole share) of Class A Common Stock
as of December 31 of the immediately preceding year. Notwithstanding anything to the contrary in the 2024 Incentive Plan, no more than
the number of shares of Class A Common Stock initially reserved under the 2024 Incentive Plan may be issued pursuant to the exercise of
incentive stock options (“ISOs”) under the 2024 Incentive Plan.

Shares of Class A Common
Stock underlying awards under the 2024 Incentive Plan that are forfeited, canceled, expire unexercised or are settled in cash will be
available again for new awards under the 2024 Incentive Plan. If there is any change in Holdco’s corporate capitalization, the Committee
in its sole discretion may make substitutions or adjustments to the number of shares of Class A Common Stock reserved for issuance under
the 2024 Incentive Plan, the number of shares of Class A Common Stock covered by awards then outstanding under the 2024 Incentive Plan,
the limitations on awards under the 2024 Incentive Plan, the exercise price of outstanding options and such other equitable substitutions
or adjustments as it may determine appropriate.

The 2024 Incentive Plan has
a term of 10 years from the Closing, and no further awards may be granted under the 2024 Incentive Plan after that date.

60

Awards Available
for Grant. The Committee may grant awards of nonqualified stock options, incentive stock options (“ISOs”), stock
appreciation rights (“SARs”), restricted stock awards (“RSAs”), restricted stock units (“RSUs”),
other stock-based awards, other cash-based awards, dividend equivalents, and/or performance compensation awards or any combination of
the foregoing.

Stock Options and Stock
Appreciation Rights. Stock options provide for the purchase of shares of Class A Common Stock in the future at an exercise price
set on the grant date. ISOs, in contrast to nonqualified stock options, may provide tax deferral beyond exercise and