Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 108

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 108
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Parties”), pursuant to which the CATL Parties agreed, among other things, that they would not, following the Business Combination,
directly or indirectly, (i) seek election to, or to place a representative on, our board of directors, or (ii) acquire equity
interest in the Company if, following such acquisition, the CATL Parties and their affiliates would hold, in the aggregate, an interest
in the Company of greater than 9.8% on either an economic or voting basis. Pursuant to the Investment Agreement, the CATL Parties also
agreed that they would not, and would cause their affiliates not to, access, obtain, or seek to access or obtain our trade secrets, know-how,
or other confidential, proprietary, or competitively sensitive information (excluding any such information that we are obligated to provide
to CAMT or the CATL Parties pursuant to the CAMT joint venture agreement described above), including by reverse engineering, or seeking
to reverse engineer, any of our products.

Carrier.On January 7,
2024, we and CAMT entered into binding term sheets for a commercialization and collaboration agreement (together, the “Binding Term
Sheets”) with Carrier, pursuant to which, among other things, the parties agreed to negotiate in good faith to finalize and enter
into, as promptly as reasonably practicable, definitive agreements relating to the development of a system that incorporates AirJoule
technology into HVAC equipment (the “Applicable Products”) and the viability of the commercialization of the Applicable Products.
Subject to certain milestones to be set forth in the definitive agreements relating to the proposed collaboration, the Binding Term Sheets
provide that Carrier will have (i) the exclusive right to commercialize the Applicable Products in North and South America (subject,
in each case, to exclusively sourcing primary components of the AirJoule technology from us, our designated affiliates and joint venture
entities of which we are a member) for a period of three years from the earlier of (a) the date of the definitive agreement
relating thereto and (b) the first commercialization of the Applicable Products by Carrier and (ii) a non-exclusive right
to commercialize the Applicable Products in Europe, India and the Middle East (subject, in each case, to exclusively sourcing primary
components of the AirJoule technology from CAMT or its affiliates) for a period of three years from the first commercialization of
the Applicable Products by Carrier. Despite