Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1151

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 7A
Chunk 1151
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 right to receive the equivalent value of dividends paid on shares of Class A Common Stock and may be granted
alone or in tandem with awards other than stock options or SARs. Dividend equivalents are credited as of the dividend record dates during
the period between the date an award is granted and the date such award vests, is exercised, is distributed or expires, as determined
by the Committee; however, dividend equivalents will not be payable unless and until the underlying award becomes payable and will be
subject to forfeiture to the same extent as the underlying award.

Performance Awards. Performance
awards granted pursuant to the 2024 Incentive Plan may be in the form of a cash bonus, or an award of performance shares or performance
units denominated in shares of Class A Common Stock, that may be settled in cash, property or by issuance of those shares subject to the
satisfaction or achievement of specified performance conditions.

Transferability. Each
award may be exercised during the participant’s lifetime only by the participant or, if permissible under applicable law, by the
participant’s guardian or legal representative and may not be otherwise assigned, alienated, pledged, attached, sold or otherwise
transferred or encumbered by a participant other than by will or by the laws of descent and distribution and any such purported assignment,
alienation, pledge, attachment, sale, transfer or encumbrance will be void and unenforceable against Holdco or its affiliates. The Committee,
however, may permit awards (other than ISOs) to be transferred to family members, a trust for the benefit of such family members, a partnership
or limited liability company whose partners or stockholders are the participant and his or her family members or anyone else approved
by it.

Amendment and Termination;
Repricing. In general, the Board may amend, alter, suspend, discontinue or terminate the 2024 Incentive Plan at any time. However,
stockholder approval to amend the 2024 Incentive Plan may be necessary if applicable law or the 2024 Incentive Plan so requires. No amendment,
alteration, suspension, discontinuance or termination will materially and adversely impair the rights of any participant or recipient
of any award without the consent of the participant or recipient. Stockholder approval will not be required for any amendment that reduces
the exercise price of any stock option or SAR, or cancels any stock option or SAR that has an exercise price that is greater than the
then-current fair