Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 110

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 110
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each of the we and GE Vernova Parent agreed to license certain intellectual property to the AirJoule JV. In addition, pursuant to
the A&R Joint Venture Agreement, we contributed $10.0 million to the AirJoule JV at the JV closing and expected to contribute
additional capital to the AirJoule JV based on a business plan and annual operating budgets to be agreed between us and GE Vernova.

Pursuant to the A&R Joint Venture Agreement,
we have agreed to contribute up to an additional $90.0 million in capital contributions to the AirJoule JV following the JV closing
based on a business plan and annual operating budgets to be agreed between us and GE Vernova. In general, for the first six years,
GE Vernova has the right, but not the obligation, to make capital contributions to the AirJoule JV. Until GE Vernova elects to participate
and contributes its pro-rata share of all past capital contributions and commits to contribute its pro-rata share for all future
capital contributions, we shall be solely responsible for funding the AirJoule JV, and we shall have a distribution preference under the
A&R Joint Venture Agreement for the amount of its post-closing capital contributions plus a 9.50% preferred return on such amounts.

Our Patents

We hold and license foundational patent applications
relating to atmospheric latent energy and water harvesting that uniquely position us to capture and drive a meaningful amount of the growth
in the rapidly developing atmospheric water harvesting sector. In the first quarter of 2021, we obtained an exclusive worldwide license
from PNNL with respect to the self-regenerating dehumidifier technology. We also have two master patent PCT applications and have filed
patent applications in all relevant markets relating to the AirJoule units. Our patent applications cover various technologies and components,
including latent energy and water harvesting systems, evaporative cooling and water recapture systems, evaporative heat pump systems,
water heating systems, low relative humidity drying systems, pre- and mid-cool integration coils, advanced vacuum pump systems, isothermal
condenser design, gate and seal systems and methods, HVAC systems with AirJoule integration, and microchannel harvesters and contactors.
See “— Intellectual Property.”

Sales and Marketing

As an early participant in the rapidly growing
ecosystem of atmospheric water harvesting, we believe we are well-positioned to capture and drive a meaningful amount of growth in the
sector. As