Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 220

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 220
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 a non-employee director as compensation for services as a non-employee director during any fiscal year of the Company may not exceed $ 500,000(or, with respect to the first fiscal year of the Post-Combination Company during which a non-employee director first serves as a non-employee director, $ 1,000,000). F-60 AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 11 — SHARE-BASED COMPENSATION(cont.)

The Company recorded share-based compensation
expense in the following expense categories of its accompanying consolidated statements of operations:

|                                |     | Year Ended   
 December 31, |      2024 |     |   |   2023 |
|:-------------------------------|:----|:-------------|----------:|:----|:--|-------:|
| General and administrative     |     | $            | 1,303,546 |     | $ | 52,000 |
| Research and development       |     |              |    20,390 |     |   |      — |
| Total share-based compensation |     | $            | 1,323,936 |     | $ | 52,000 |

Total share-based compensation includes expense
for awards granted to non-employee equity method investees that are fully reimbursed by the AirJoule JV per the statement of work as described
further in Note 9 — Related Party Transactions.As of the year ended December 31, 2024, $ million
is to be reimbursed by the AirJoule JV and is recorded as a due from related party receivable on the consolidated balance sheets and within
contra-expense accounts on the consolidated statements of operations.

Stock Options

The following table summarizes option activity
for the year ended December 31, 2024:

|                                      |     | Options |           |   |     | Weighted       
 Average        
 Exercise Price |       |     | Weighted       
 Average        
 Remaining Life 
 (Years)        |      |
|:-------------------------------------|:----|:--------|----------:|:--|:----|:---------------|------:|:----|:---------------|-----:|
| Balance at January 1, 2024           |     |         | 1,335,078 |   |     | $              |  0.23 |     |                | 5.83 |
| Granted                              |     |         | 1