Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 153

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 153
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 of the Business
Combination, was formed by TEP and XMS XPDI Sponsor Holdings II LLC, which was formed by professionals of XMS Capital. Additionally,
TEP is controlled by Patrick C. Eilers, a member of the Board. The Company also agreed to reimburse affiliates of the Sponsor an
amount equal to $20,000 per month, or $540,000 in the aggregate, for office space, secretarial and administrative services provided during
the period from the consummation of the XPDB IPO until the consummation of the Business Combination. Per agreement, these payments and
reimbursements are being deferred for an indeterminate period of time.

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DESCRIPTION OF SECURITIES OF AIRJOULE</div>

The following description summarizes certain terms
of our Third Amended and Restated Certificate of Incorporation (the “Charter”), our Third Amended and Restated Bylaws (the
“Bylaws”) and the Delaware General Corporation Law (the “DGCL”). This description is summarized from, and
qualified in its entirety by reference to, our Charter and Bylaws, each of which has been publicly filed with the SEC, as well as the
relevant provisions of the DGCL. Our purpose is to engage in any lawful activity for which corporations may now or hereafter be organized
under the DGCL.

Authorized and Outstanding Stock

The total amount of AirJoule authorized capital
stock consists of 600,000,000 shares of Class A Common Stock, par value $0.0001 per share and 25,000,000 shares of preferred
stock, par value $0.0001 per share (“Preferred Stock”). No shares of Preferred Stock are outstanding.

Common Stock

Class A Common Stock

Voting Power

Each holder of Class A Common Stock is entitled
to one vote for each share of Class A Common Stock held for record in person or by proxy on all matters submitted to a vote of the
stockholders of Class A Common Stock, whether voting separately as a class or otherwise. Our Class A Common Stock does not have
cumulative voting rights.

Dividends

Subject to applicable law and the rights and preferences
of any holders of any outstanding series of preferred stock or any class or series of stock having a preference over or the right to participate
with the Class A Common Stock with respect to the payment of dividends, holders of Class A Common Stock, as such, shall be entitled
to the payment of dividends on