Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 254

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 254
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 Directors for Newton Country Day School of the Sacred Heart, where he serves as Development Chair, and he also serves on the Board
of Saint Sebastian’s School. We believe that Mr. Reardon’s leadership experience and strategic vision qualify him to serve
as a member of our Board.

Number, Terms of Office
and Appointment of Directors and Officers

The Board consists of
seven members, which are divided into three classes with only one class of directors being elected in each year and each class (except
for those directors appointed prior to Holdco’s first and second annual meeting of shareholders) serving a 3-year term. The term
of office of the first class of directors will expire at Holdco’s first annual meeting of shareholders. The term of office of the
second class of directors will expire at Holdco’s second annual meeting of shareholders. The term of office of the third class of
directors will expire at Holdco’s third annual meeting of shareholders.

Holdco’s officers
are appointed by the Board and will serve at the discretion of the Board, rather than for specific terms of office. The Board is authorized
to appoint persons to the offices set forth in the A&R Articles and/or A&R Bylaws as it deems appropriate.

Role of the Board
in Risk Oversight

The Board’s role
in risk oversight at the Company is consistent with its leadership structure, with the Executive Chairperson, CEO, President and other
members of senior management having responsibility for assessing and managing Holdco’s risk exposures, and the Board and its committees
providing oversight in connection with those efforts and attempts to mitigate identified risks. As part of the Board’s meetings,
the Board will review and seek to assess on an ongoing basis the risks faced by Holdco in executing its business plans. These risks include
business, operational, technological, cybersecurity, financial and liquidity risks. The Board will periodically receive updates from management
on the primary risks facing Holdco and the measures that Holdco is taking to mitigate such risks.

The Board also dedicates
time to review and consider the relevant risks that need to be addressed at the time of any Board meeting. In addition to the full Board,
the Audit Committee plays an important role in the oversight of Holdco’s risk management processes, as well as assessing Holdco’s
and RWT’s major financial risk exposures. The Compensation Committee is charged with reviewing Holdco’s and RWT’s compensation
policies and practices and confirming that they do not encourage risk taking in a manner that would