Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 123

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 123
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 as of the prior June 30, and (ii) the Company’s annual revenue exceeds $100.0 million during such completed fiscal
year and the market value of the shares of Class A Common Stock held by non-affiliates exceeds $700.0 million as of the prior June 30.
To the extent the Company takes advantage of such reduced disclosure obligations, it may also make comparison of the Company’s financial
statements with other public companies difficult or impossible.

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EXECUTIVE AND DIRECTOR COMPENSATION</div>

Director and Officer Compensation of RWT Prior to the Business Combination

This section discusses the material components of the fiscal year 2024
executive compensation programs for the executive officers of RWT who were “named executive officers” for 2024. For information
regarding the compensation programs of Holdco following the completion of the Business Combination, which may differ materially from the
programs summarized or referred to in this discussion, see “- Director and Officer Compensation of Holdco.”

Introduction

The primary objective of RWT’s executive compensation program
is to attract and retain talented executives to effectively manage and lead the company.

RWT’s named executive officers for 2024 were:

| ● | Paul T. Dacier, Executive Chairman |

| ● | Chris Riley, Chief Executive Officer |

Summary Compensation Table

No named executive officer received compensation for services rendered
to RWT during 2024. RWT’s non-employee directors did not receive any compensation from RWT during 2024. On August 22, 2024, the
RWT Board approved the adoption of an equity incentive plan (the “2024 Equity Incentive Plan”). Prior to the Business Combination
closing, the 2024 Equity Incentive Plan allowed up to 2,000 shares of RWT’s Class A common stock, with an exercise price of not
less than 100% of the fair market value on the date the awards are granted.

RWT Executive Employment Agreement

On June 26, 2024, RWT entered into an employment agreement (the “Employment
Agreement”) with Christopher Riley for the position of Chief Executive Officer. The Employment Agreement was terminated effective
as of January 30, 2025, as discussed in more detail below. While in effect, the Employment Agreement provided for “at-will”
employment and became effective on December 10, 2024 (the “Effective Date”). Prior to the Effective Date, Mr. Riley