Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 109

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 109
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 entry into the Binding Term Sheets, we and CAMT ultimately may not enter into definitive agreements
with Carrier on terms consistent with the Binding Term Sheets or at all.

On January 7, 2024, we entered into the Common
Unit Subscription Agreement with Carrier, pursuant to which Carrier, indirectly through TEP Montana LLC, purchased a number of units in
the Predecessor that converted into 1,176,471 shares in the Company upon the closing for an aggregate purchase price of approximately
$10.0 million.

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Also on January 7, 2024, we entered into
a letter agreement with Carrier pursuant to which Carrier was granted the right to nominate one (1) designee, subject to the approval
of the Company, for election to the board of directors for so long as Carrier satisfies certain investment conditions, following the Business
Combination. Pursuant to the terms of the agreement, Carrier has nominated its director.

GE Vernova.On January 25,
2024, we entered into the Framework Agreement with GE Vernova, and, solely for the purposes specified therein, GE Vernova LLC, a Delaware
limited liability company (“GE Vernova Parent”), pursuant to which we and GE Vernova agreed, subject to the terms and conditions
of the Framework Agreement, including certain closing conditions specified therein, to form the AirJoule, LLC (the “AirJoule JV”)
in which each of us and GE Vernova hold a 50% interest. The purpose of the AirJoule JV is to incorporate GE Vernova’s proprietary
sorbent materials into systems that utilize our AirJoule water capture technology and to manufacture and bring products incorporating
the combined technologies to market in the Americas, Africa, and Australia.

Upon the JV closing, each party to the Framework
Agreement entered into (i) the A&R Joint Venture Agreement, pursuant to which, among other things, the AirJoule JV has the exclusive
right to manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers
in the Americas, Africa and Australia, (ii) master services agreements, pursuant to which, among other things, each party to the
agreement agreed to provide certain agreed services to the AirJoule JV for a period of at least two years following the JV closing
(unless earlier terminated by the parties thereto) and (iii) an intellectual property agreement, pursuant to which, among other things,