Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 222

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 222
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 to litigate claims in multiple jurisdictions and the threat of inconsistent or contrary rulings by
different courts, among other considerations, the Holdco A&R Articles provide that, unless Holdco consents in writing to the selection
of an alternative forum, to the fullest extent permitted by law, the federal district courts of the United States of America will be
the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act; however, there
is uncertainty as to whether a court would enforce such provision, and investors cannot waive compliance with federal securities laws
and the rules and regulations thereunder. Notwithstanding the foregoing, the Holdco A&R Articles provide that the exclusive forum
provision will not apply to suits brought to enforce any cause of action arising under the Securities Act, any duty or liability
created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction. Section 27 of the Exchange
Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange
Act or the rules and regulations thereunder.

Holdco A&R Articles also provide that, without
prejudice to any other rights or remedies that we may have, each of our shareholders acknowledges that damages alone would not be an
adequate remedy for any breach of the selection of the courts of the Commonwealth of Massachusetts as exclusive forum and that accordingly
we shall be entitled, without proof of special damages, to the remedies of injunction, specific performance or other equitable relief
for any threatened or actual breach of the selection of the courts of the Commonwealth of Massachusetts as exclusive forum.

39

These choice of forum provisions may increase
a shareholder’s cost and limit the shareholder’s ability to bring a claim in a judicial forum that it finds favorable for
disputes with us or our directors, executive officers or other employees, which may have the effect of discouraging lawsuits against
Holdco’s directors and officers. Any person or entity purchasing or otherwise acquiring any of our shares or other securities,
whether by transfer, sale, operation of law or otherwise, shall be deemed to have notice of and have irrevocably agreed and consented
to these provisions. The enforceability of similar choice of forum provisions in other companies’ certificates of incorporation
has been challenged in legal proceedings, and it is possible that, in connection with any applicable action brought against Holdco, a
court could find the choice of forum provisions contained in the Holdco A&R