Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 151

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 151
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dated as of January 1, 2019, with MRJ, LLC, which is owned in part by Mr. Jore, the Chief Executive Officer of AirJoule, pursuant
to which AirJoule engaged MRJ, LLC to provide certain consulting services to AirJoule in connection with the development and sales of
AirJoule’s technologies and products. Under the terms of the consulting agreement, AirJoule was responsible for a base fee to the
consultant of $20,000 per month. On May 1, 2024, Mr. Jore became a full-time employee of AirJoule and, in connection therewith,
the Company terminated the consulting agreement with MRJ, LLC.

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AirJoule was party to a consulting agreement,
dated as of April 9, 2021, with Doxey Capital LLC, which is owned by Mr. Gutke, the then Chief Financial Officer of AirJoule,
pursuant to which AirJoule engaged Doxey Capital LLC to provide certain consulting services to AirJoule in connection with the activities,
responsibilities and functions associated with Mr. Gutke’s role of Chief Financial Officer of AirJoule. Under the terms of
the consulting agreement, AirJoule was responsible for a consulting fee equal to $20,000 per month. On May 1, 2024, Mr. Gutke
became a full-time employee of AirJoule and, in connection therewith, the Company terminated the consulting agreement with Doxey Capital
LLC.

Subscription Agreements

On January 26, 2024, March 4, 2024,
March 8, 2024 and March 14, 2024, AirJoule entered into Subscription Agreements with TEP Montana LLC, an investment entity controlled
by Patrick C. Eilers, a member of the Board, pursuant to which TEP Montana acquired AirJoule Class B common units that converted
into an aggregate of 5,116,176 shares of Class A Common Stock upon the consummation of the Business Combination for an aggregate
purchase price of approximately $43.5 million.

On January 29, 2024, AirJoule entered into
a Subscription Agreement with Stu Porter, a member of the Board, pursuant to which Mr. Porter acquired AirJoule Class B common
units that