Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 125

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 125
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 his unpaid base salary through the termination date, unreimbursed business expenses, and any
vested non-forfeitable amounts owing or accrued as of the termination date, in each case in accordance with RWT’s policies and practices.
In addition, (i) in the event that Mr. Riley’s employment is terminated by RWT without Cause, then RWT will pay Mr. Riley an amount
in cash equal to 12 months of his then-current base salary in equal installments over the 12-month period following his termination (the
“Severance Payment”), and (ii) in the event Mr. Riley’s employment is terminated by RWT without Cause upon or within
12 months following a Change in Control (as defined in RWT’s incentive plan), provided such Change in Control constitutes a change
in control under Section 409A of the Internal Revenue Code, then, in addition to the Severance Payment, any unvested equity awards will
immediately vest and become exercisable. Such Severance Payment and award vesting acceleration are further conditioned upon Mr. Riley
executing a general release of claims within 60 days following termination.

Pursuant to the Employment Agreement, Mr. Riley was also eligible to
participate in the Company’s benefit plans and programs, including vacation and health insurance.

On January 29, 2025, Mr. Riley, Holdco and RWT entered into a letter
agreement whereby Mr. Riley resigned as Co-Chief Executive Officer of Holdco and RWT effective as of January 30, 2025 (the “Termination
Letter”). Pursuant to the Termination Letter, in lieu of all other compensation and payments of any kind due and payable under the
Employment Agreement, Mr. Riley will be paid for consulting services rendered in an amount of $124,500, payable in 18 monthly installments
beginning in February 2025. Additionally, conditioned on approval by the Compensation Committee of the Board, the Termination Letter provides
that Mr. Riley will be granted 10,000 shares of Class A Common Stock of the Company vesting one year from the date of grant.

Director and Officer Compensation of Holdco

Employment Agreements

On December 31, 2024,
the Closing Date of the Business Combination, Holdco and Randy Seidl entered into the Offer Letter, pursuant to which Mr. Seidl was offered,
and accepted, the position of Chief Executive Officer of Holdco. Pursuant to the Offer