Company: RAIN
Filing Date: 2025-01-03
Form Type: SCHEDULE 13D
Source: 0001104659-25-000973
Chunk: 3

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-03
Form: SCHEDULE 13D
Chunk 3
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 must be effected at an annual or special meeting of the shareholders and may not be effected by consent in lieu of a meeting. Notwithstanding any provision of the A&R Articles or the A&R Bylaws to the contrary, shareholders may act without a meeting by unanimous written consent, and none of the foregoing provisions shall apply to such action. Any action by written consent must be a proper subject for shareholder action by written consent. 
 Amendments to the A&R Articles - the A&R Articles provides that, prior to the Voting Threshold Date, any amendment to the A&R Articles will require the affirmative vote of at least a majority of all shares entitled generally to vote on such matter. On and after the Voting Threshold Date, any amendment to the A&R Articles will require the affirmative vote of two-thirds of all shares entitled generally to vote on such matter, and in addition, a majority of the shares of any voting group entitled to vote separately on the matter pursuant to the Massachusetts Business Corporation Act, by the A&R Articles or the A&R Bylaws, or by action of the Board. Notwithstanding the foregoing, as long as any shares of Class A Common Stock are outstanding, the Issuer shall not, without the prior affirmative vote of the holders of a majority of the outstanding shares of Class A Common Stock, voting as a separate class, in addition to any other vote required by applicable law or the A&R Articles, directly or indirectly, whether by amendment, or through merger, recapitalization, consolidation or otherwise amend, alter, change, repeal or adopt any provision of the A&R Articles (1) in a manner that is inconsistent with, or that otherwise alters or changes the powers, preferences, or special rights of the shares of Class A Common Stock so as to affect them adversely; or (2) to provide for each share of Class B Common Stock to have more than fifteen (15) votes per share or any rights to a separate class vote of the holders of shares of Class B Common Stock other than as provided by the A&R Articles or the Massachusetts Business Corporation Act.                                                                                                                                  
 Indemnification Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 As a director of the Issuer, Mr. You entered into the Issuer's standard form of Indemnification Agreement (the "Indemnification Agreement"). The Indemnification Agreement provides for indemnification and advancement by the Issuer of certain expenses and costs relating to claims, suits, or proceedings arising from service by Mr. You to the Issuer