Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 543

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 543
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 42,583 
  
    Thereafter 
     10,715 
  
    Total undiscounted lease payments 
     170,313 
  
    Less: effects of discounting 
     (16,084)
  
    Operating Lease Liability 
    $154,229 

    Classified as: 

    Operating lease liability, current 
    $30,227 
  
    Operating lease liability, non-current 
    $124,002 

F-20

Note 9 — RELATED PARTY TRANSACTIONS

Lease Agreement

The Company had a property lease agreement with its Chief Executive
Officer as discussed in Note 8 – Leases. The lease agreement was terminated upon close of the Business Combination on
March 14, 2024. As of December 31, 2024 and December 31, 2023, $0 and $2,000 were owing under this agreement and included in accounts
payable on the consolidated balance sheets.

Consultancy Agreement

On January 1, 2019, the Company entered into a consultancy agreement
with a company affiliated with the Chief Executive Officer for a monthly payment of $20,000 in exchange for the Chief Executive Officer
providing services in connection with the development and sales of Company technologies and products. $80,000 and $240,000 was included
in general and administrative expenses on the consolidated statements of operations for the years ended December 31, 2024 and 2023, respectively.
On May 1, 2024, this consultancy agreement was terminated. As of December 31, 2024, $0 was owed under this agreement.

Office Services Agreement

On October 31, 2020, the Company entered into a consultancy agreement
with an affiliate for a monthly payment of $5,000 to provide office services. $20,000 and $60,000 was included in research and development
expenses on the consolidated statements of operations for the years ended December 31, 2024 and 2023, respectively. On May 1, 2024, this
office services agreement was terminated. As of December 31, 2024, $0 was owed under this agreement.

Due to Related Party

Commencing on December 9, 2021, through the consummation of the initial
Business Combination, XPDB agreed to pay affiliates of the sponsor a total of $20,000 per month for office space, administrative and support
services. Upon the