Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 136

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 136
---
aries of the applicable vesting commencement 
 date, subject to the named executive officer’s continued service through the applicable vesting date. These awards of restricted               
 stock units are subject to accelerated vesting in connection with certain terminations of the named executive officer’s service                
 with the Company, as further described under the section titled “Narrative Disclosure to Summary Compensation Table — Equity                   
 Compensation — Restricted Stock Units” above.                                                                                                  |

| (3) | The market value for the restricted stock units is calculated                                              
 based on the closing price of our Class A Common Stock as of December 31, 2024, which was $7.97 per share. |

Executive Compensation Arrangements

Jore Consulting Arrangement

Pursuant to the consulting agreement between AirJoule
and MRJ, an entity partially owned by Mr. Jore, dated January 1, 2019 (the “Jore Consulting Agreement”), Mr. Jore
(through MRJ) provided consulting services to AirJoule in exchange for a monthly consulting fee equal to $20,000 through April 30,
2024. The Jore Consulting Agreement contained confidentiality and non-disclosure covenants and invention assignment provisions. On May 1,
2024, Mr. Jore became a full-time employee of AirJoule and, in connection therewith, the Jore Consulting Agreement was terminated.

<div align='center'>73</div>

Offer Letters

The Company is and was during 2024, following
the close of the Business Combination, party to an offer letter with each of the named executive officers, which sets forth the terms
and conditions of employment for each named executive officer, including his initial base salary, initial target bonus, eligibility to
receive equity awards and eligibility to participate in our employee benefit plans.

Executive Severance Plan

On June 6, 2024, the Company adopted an Executive
Severance Plan, pursuant to which certain employees with a title of Vice President or higher selected by the Compensation Committee to
participate in the Executive Severance Plan are eligible for severance benefits upon certain terminations of employment. In 2024, after
the adoption of the Executive Severance Plan, each of Messrs. Jore, Pang and Eilers were participants in the Executive Severance Plan.

Under the Executive Severance Plan, in the event
of a named executive officer’s termination of employment by the Company without “cause” or by the executive for “good
reason” (