Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 152

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 152
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 converted into an aggregate of 294,118 shares of Class A Common Stock upon the consummation of the Business Combination
for an aggregate purchase price of $2.5 million.

Lease Agreement

The Company had a property lease agreement with
its Chief Executive Officer. The lease agreement was terminated upon close of the Business Combination on March 14, 2024. As of December 31,
2024 and December 31, 2023, $0 and $2,000 were owing under this agreement and included in accounts payable on the condensed consolidated
balance sheets.

Office Services Agreement

On October 31, 2020, the Company entered
into a consultancy agreement with an affiliate for a monthly payment of $5,000 to provide office services. On May 1, 2024, this office
services agreement was terminated. As of December 31, 2024, $0 was owed under this agreement.

Statement of Policy Regarding Transactions with Related Persons

In connection with the closing of the Business
Combination, we adopted a formal written policy providing that the Company’s officers, directors, nominees for election as directors,
beneficial owners of more than 5% of our Class A Common Stock, any member of the immediate family of any of the foregoing persons
and any firm, corporation or other entity in which any of the foregoing persons is employed or is a general partner or principal or in
a similar position or in which such person has a 5% or greater beneficial ownership interest, are not permitted to enter into a related
party transaction with AirJoule without the approval of our Audit Committee, subject to certain exceptions.

Indemnification of Directors and Officers

Our Bylaws provide that we will indemnify our
directors and officers to the fullest extent permitted by the DGCL. We have entered into indemnification agreements with each member
of our Board and one of our officers.

Advisory, Consulting and Service Fees

In connection with the Business Combination, the
Company agreed to (i) pay XMS Capital Partners, LLC (“XMS Capital”), a global independent financial services firm, primarily
providing strategic and financial advisory services, and Transition Equity Partners, LLC (“TEP”), a private equity fund focused
on renewable and transition energy infrastructure in North America, an aggregate amount equal to $3,000,000 for advisory and consulting
services provided to XPDB prior to the Closing. The Sponsor, which was an affiliate of the Company prior to the consummation