Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 128

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 128
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 beginning of each year of service, and subject to approval by the Board and the compensation committee of
the Board, a grant of restricted stock, with the number of shares determined by dividing $100,000 by the closing price of the Company’s
Class A Common Stock as reported on the Nasdaq Stock Market LLC on the date of the grant. The restricted stock granted pursuant to the
Director Agreement will vest in full on the first anniversary of the grant date, subject to acceleration in accordance with the terms
of the restricted stock award or the Company’s 2024 Incentive Award Plan.

The Company has entered
into Director Agreements with each of Lyman Dickerson, Alexandra Steele, Christopher Riley, Marcus Peperzak, and Robert Reardon. The terms
of the Director Agreements are consistent with the Company’s standard form of Director Agreement described above, except with respect
to the grants of restricted stock to Mr. Dickerson and Mr. Riley, which are as follows: (i) subject to approval by the Board and the Compensation
Committee, in lieu of an annual grant of restricted stock, Mr. Dickerson will receive an initial grant of restricted stock equal to the
number of shares determined by dividing $2,000,000 by the closing price of the Class A Common Stock on the date of grant, and such grant
of restricted stock will vest in full on the third anniversary of the grant date, subject to acceleration in accordance with the terms
of the restricted stock award or the Company’s 2024 Incentive Award Plan, and (ii) subject to approval by the Board and the Compensation
Committee, Mr. Riley will receive an annual grant of restricted stock equal to the number of shares determined by dividing $50,000 by
the closing price of the Class A Common Stock on the date of grant.

The grants of restricted stock to each of Mr.
Dickerson, Ms. Steele, Mr. Riley, Mr. Peperzak, and Mr. Reardon pursuant to the Director Agreements were deferred by the Board.

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Holdco Incentive Plan

On December 19, 2024, prior to the completion of the Business Combination,
Holdco’s sole director and sole shareholder approved the Rain Enhancement Technologies Holdco, Inc. 2024 Equity Incentive (the “2024
Incentive Plan”) under which Holdco may grant equity and equity-based incentive awards to officers, employees, non-employee directors