Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 110

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 110
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 deems necessary or desirable for the administration of the 2024 Incentive Plan, and any such determinations
or actions taken by the Committee shall be final, conclusive and binding upon all persons and entities. The Committee may delegate to
one or more officers of Holdco or any affiliate the authority to act on behalf of the Committee with respect to any matter, right, obligation
or election that is the responsibility of or that is allocated to the Committee in the 2024 Incentive Plan and that may be so delegated
as a matter of law, except for grants of awards to persons subject to Section 16 of the Exchange Act.

Eligibility. Certain
employees, directors, officers, advisors or consultants of Holdco or its affiliates are eligible to participate in the 2024 Incentive
Plan.

Number of Shares Authorized. Holdco
has initially reserved 747,168 shares of Class A Common Stock for the issuance of awards under the 2024 Incentive Plan. The number of
shares reserved for issuance under the 2024 Incentive Plan will increase automatically on January 1 of each of 2025 through 2034 by the
number of shares equal to 5.0% of the total number of outstanding shares (rounded down to the nearest whole share) of Class A Common Stock
as of December 31 of the immediately preceding year. Notwithstanding anything to the contrary in the 2024 Incentive Plan, no more than
the number of shares of Class A Common Stock initially reserved under the 2024 Incentive Plan may be issued pursuant to the exercise of
incentive stock options (“ISOs”) under the 2024 Incentive Plan.

Shares of Class A Common
Stock underlying awards under the 2024 Incentive Plan that are forfeited, canceled, expire unexercised or are settled in cash will be
available again for new awards under the 2024 Incentive Plan. If there is any change in Holdco’s corporate capitalization, the Committee
in its sole discretion may make substitutions or adjustments to the number of shares of Class A Common Stock reserved for issuance under
the 2024 Incentive Plan, the number of shares of Class A Common Stock covered by awards then outstanding under the 2024 Incentive Plan,
the limitations on awards under the 2024 Incentive Plan, the exercise price of outstanding options and such other equitable substitutions
or adjustments as it may determine