Company: RAIN
Filing Date: 2025-11-13
Form Type: 424B3
Source: 0001213900-25-110123
Chunk: 22

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 424B3
Chunk 22
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 under the LOC.

As of September 30, 2025 and December 31, 2024, the Company had an
outstanding accrued interest balance in connection with both the Note and the LOC of approximately $362,000 and $38,000, respectively.

Employment Agreement

Effective January 2, 2025, RWT entered into a
binding offer letter (the “Offer Letter”), which was later amended on June 27, 2025, with its new CEO, Mr. Seidl. Pursuant
the amended Offer Letter, Holdco agreed to pay to the CEO (i) an annual salary of $500,000, (ii) an annual incentive bonus up to 200%
of his base salary, subject to Board approval and (iii) a cash bonus of $5.82 million (the “Retention Bonus”) payable
on the earlier of (x) December 31, 2028, (y) the date on which the Company terminates the CEO’s employment without cause, or (z)
the date on which a change of control is consummated. The Company accrues the Retention Bonus over the period of service. As of September
30, 2025, the Company accrued approximately $416,000 of Retention Bonus in accrued expenses to related party in the accompanying unaudited
condensed consolidated balance sheet.

In addition, subject to approval by the Board
and the Compensation Committee, Mr. Seidl is also entitled to equity awards under the Company’s equity incentive plan. On September
5, 2025, the Company granted 602,320 RSAs to Mr. Seidl, 50% of which shall vest on January 1, 2026 and 50% of which shall vest on January
1, 2027, subject to continued employment or service through such vesting date.

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RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025</div>

Board of Directors Agreement

On April 1, 2025, the Board increased the size
of the Board from five to seven directors and appointed Mr. Marcus Peperzak and Mr. Robert Reardon to the Board to fill the resulting
vacancies.

In connection with their appointments to the Board,
Mr. Reardon and Mr. Peperzak each entered into Director Ag