Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 102

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 102
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 a non-employee director, as defined in Rule 16b-3 promulgated
under the Exchange Act and satisfies the independence requirements of Nasdaq.

The purpose of the compensation
committee is to assist the Board in discharging its responsibilities relating to (1) setting Holdco’s compensation program and compensation
of its executive officers and directors, (2) monitoring Holdco’s incentive and equity-based compensation plans, (3) approving and
modifying, as needed, clawback policies allowing Holdco to recoup improper compensation paid to employees, and (4) preparing the compensation
committee report required to be included in Holdco’s proxy statement under the rules and regulations of the SEC.

The Board has adopted
a written charter for the compensation committee which is available on Holdco’s website.

56

Nominating and Corporate
Governance Committee

Holdco has a nominating
and corporate governance committee, consisting solely of independent directors. The nominating and corporate governance committee consists
of Alexandra Steele and Lyman Dickerson. The Board has determined that each of the members of the nominating and corporate governance
committee satisfies the independence requirements of Nasdaq.

The purpose of the nominating
and corporate governance committee is to assist the Board in discharging its responsibilities relating to (1) identifying individuals
qualified to become Board members, consistent with criteria approved by the Board, (2) reviewing the qualifications of incumbent directors
to determine whether to recommend them for reelection and selecting, or recommending that the Board select, the director nominees for
the next annual meeting of stockholders, (3) identifying Board members qualified to fill vacancies on any Board committee and recommending
that the Board appoint the identified member or members to the applicable committee, (4) reviewing and recommending to the Board corporate
governance principles applicable to Holdco, (5) overseeing the evaluation of the Board and management and (6) handling such other matters
that are specifically delegated to the committee by the Board from time to time.

The Board has adopted
a written charter for the nominating and corporate governance committee which is available on Holdco’s website.

Code of Ethics 

We maintain a Code of
Ethics that is applicable to all of our directors, officers and employees. The Code of Ethics sets forth standards of ethical business
conduct, including conflicts of interest, compliance with applicable laws, rules and regulations, timely and truthful disclosure, and
reporting mechanisms for illegal or unethical behavior. The Code of Ethics also satisfies the requirements for a