Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 107

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 107
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 production of
our MOF materials.

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Pursuant to the terms of the Joint Development
Agreement, for as long as BASF is able and willing to supply MOF materials developed under the Joint Development Agreement with a competitive
performance profile at a competitive price, we are required to procure all of our MOF materials exclusively from BASF during the term
of the Joint Development Agreement and for at least ten years thereafter. In the event that commercial dealings between us and BASF
are discontinued, and we instead utilize third-party manufacturers to produce the MOF materials, we will be required to pay BASF a license
fee based on MOF quantities manufactured if the third-party utilizes intellectual property that is jointly owned by us and BASF. The
Joint Development Agreement has a three-year term that ends on September 27, 2025.

CATL US Joint Venture.On
October 27, 2021, we entered into a joint venture agreement with CATL US, pursuant to which we and CATL US formed CAMT. We and
CATL US both own 50% of CAMT’s issued and outstanding shares. CAMT is managed by a four-member board of directors, with two
directors designated by CATL US and two directors designated by us. Under the joint venture agreement, as revised, CAMT has the exclusive
right to commercialize our AirJoule technology in Europe and Asia.

Pursuant to the amended and restated joint venture
agreement, entered into on September 29, 2023, we and CATL US have each agreed to contribute $6.0 million to CAMT. Contributions
may be called once a business plan and operating budget is set by CAMT’s board of directors, but no action to establish a business
plan or operating budget has occurred to date. Therefore, through December 31, 2024, neither we nor CATL US have funded CAMT. Accordingly,
our financial statements do not reflect any accounting for CAMT as no assets (including IP) or cash have been contributed to CAMT and
there has been no activity as of December 31, 2024.

CATL US Investment Agreement.Prior
to the Business Combination, an affiliate of CATL US purchased equity interest in our Predecessor. In connection therewith, we entered
into an Investment Agreement (the “Investment Agreement”) with CATL US and the affiliated entity (together, the “CATL