Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 126

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 126
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 Letter, Mr. Seidl’s annual base salary is
$500,000, paid in accordance with Holdco’s normal payroll practice. Further, the Offer Letter provides that Mr. Seidl will be eligible
to earn an annual bonus with a target of 200% of base salary, based upon mutually agreed performance objectives and the terms and conditions
of Holdco’s annual bonus program in effect from time to time. The Offer Letter provides that within 30 days of the effective date
of the offer letter, Holdco shall issue to Mr. Seidl the Officer Note with a four-year term with a face value of $5,000,000, which shall
accrue interest at a rate equal to the applicable federal rate most recently published by the IRS as of the date of the Officer Note and
which shall become due and payable on the earlier to occur of (x) the four-year anniversary of the date of the Officer Note, subject to
Mr. Seidl’s continued service with Holdco through such date, (y) if Holdco terminates Mr. Seidl’s employment without cause
following the Business Combination, the date of such termination, and (z) the date on which a change in control is consummated.

Mr. Seidl will be eligible
to participate in Holdco’s comprehensive employee benefit offerings, including a 401(k) plan and various health and welfare benefits.
The Offer Letter also provides that Mr. Seidl will be eligible to participate in any additional executive-level plans that Holdco may
adopt for similarly situated employees.

Mr. Seidl’s employment
with Holdco is “at-will,” meaning either Holdco or Mr. Seidl may terminate Mr. Seidl’s employment at any time for any
reason. Upon termination, Mr. Seidl will be entitled to any earned but unpaid base salary and reimbursement of any expense properly incurred
through the date of termination, and, if Mr. Seidl is terminated by Holdco without cause, payment of the Officer Note.

Holdco and Mr. Seidl
agreed to replace the Officer Note, which was not yet issued, with the Retention Bonus to better reflect the nature of the commitment.
As of the date of this filing, the Retention Bonus has not been issued.

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Overview of Anticipated Executive Compensation Program

Decisions with respect to the compensation of Holdco’s executive
officers, including our named executive officers, will be made by the compensation committee of