Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 137

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 137
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each as defined in the Executive Severance Plan) (each, a “Qualifying Termination”), the executive will be
eligible to receive the following payments and benefits:

| ● | continued payment of the executive’s base salary for nine months        
 (or, for Mr. Jore, 12 months) following the Qualifying Termination; and |

| ● | Company-subsidized COBRA continuation for the executive and                                                                  
 his covered dependents for a period of up to nine months (or, for Mr. Jore, 12 months) following the Qualifying Termination. |

In the event of the applicable named executive
officer’s Qualifying Termination during the 12-month period following the consummation of a “change in control” of the
Company (as defined in the Incentive Plan) or, solely if such Qualifying Termination is by reason of a termination by the Company without
“cause,” during the three month period prior to the consummation of a change in control, then in lieu of the payments and
benefits described above, the executive will be eligible to receive following payments and benefits:

| ● | an amount equal to 12 months (or, for Mr. Jore, 18 months) 
 of base salary, payable in a lump-sum;                     |

| ● | an amount equal to 12 months (or, for Mr. Jore, 18 months)                                                                           
 of the Company’s portion of monthly COBRA premium contributions for the executive and his covered dependents, payable in a lump-sum; 
 and                                                                                                                                  |

| ● | an amount equal to 100% (or, for Mr. Jore, 150%) of the                                                                        
 executive’s target annual cash performance bonus for the calendar year in which such Qualifying Termination occurs, payable in 
 a lump-sum.                                                                                                                    |

The Executive Severance Plan provides that each
outstanding Company equity award held by the applicable named executive officer as of the date of his Qualifying Termination will be treated
in accordance with the terms and conditions of the applicable Company equity plan and award agreement governing such equity award.

The applicable named executive officer’s
right to receive the applicable severance payments and benefits described above is subject to his execution and non-revocation of a general
release of claims in favor of the Company and its affiliates, and his continued compliance with any applicable restrictive covenants.

In the event that any payments under the Executive
Severance Plan,