Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 479

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1C
Chunk 479
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 policies and procedures for the review and approval or ratification of related person transactions. A “related
person transaction” is a transaction, arrangement or relationship in which Holdco or any of its subsidiaries was, is or will be
a participant, the amount of which involved exceeds $120,000 (or, for so long as Holdco remains a “smaller reporting company”
the lesser of (i) $120,000 and (ii) 1% of Holdco’s average total assets of the two completed fiscal years), and in which any related
person had, has or will have a direct or indirect material interest. A “related person” means:

    ●
    any person who is, or at any time during the applicable period was, one of Holdco’s executive officers or directors;

    ●
    any person who is known by Holdco to be the beneficial owner of more than 5% of Holdco voting stock;

    ●
    any immediate family member of any of the foregoing persons, which means any child, stepchild, parent, stepparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law of a director, executive officer or a beneficial owner of more than 5% of Holdco’s voting stock, and any person (other than a tenant or employee) sharing the household of such director, executive officer or beneficial owner of more than 5% of Holdco’s voting stock; and

    ●
    any firm, corporation or other entity in which any of the foregoing persons is a partner or principal, or in a similar position, or in which such person has a 10% or greater beneficial ownership interest in Common Stock.

Holdco has policies and procedures designed to minimize potential conflicts
of interest arising from any dealings it may have with its affiliates and to provide appropriate procedures for the disclosure of any
real or potential conflicts of interest that may exist from time to time. Specifically, pursuant to its audit committee charter, the audit
committee will have the responsibility to review related party transactions.

Item 14. Principal Accountant Fees and
Services.

The following is a summary
of fees paid to WithumSmith+Brown, PC for services rendered.

Audit Fees. Audit
fees consist of fees billed for professional services rendered for the audit of our year-end consolidated financial statements, reviews
of our quarterly consolidated financial statements and services that are normally provided by our independent registered public accounting
firm in