Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 125

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 125
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4 through November 2017. Mr. Derham also has experience as a private equity investor, working as an associate
at First Reserve and as an investment banker at Barclays Investment Bank. Mr. Derham earned a Bachelor of Science in Economics from
the Wharton School of the University of Pennsylvania. We believe that Mr. Derham is qualified to serve as a member of the Board due
to his extensive public company and executive management experience.

Family Relationships

There are no familial relationships among our
directors and executive officers.

Corporate Governance

Composition of the Board

The business and affairs of the Company are organized
under the direction of its Board. The primary responsibilities of the Board are to provide oversight, strategic guidance, counseling,
and direction to the AirJoule’s management. The Board meets on a regular basis and additionally as required. In accordance with
the terms of the Bylaws, which became effective upon the consummation of the Business Combination, the Board may establish the authorized
number of directors from time to time by resolution. The Board consists of eight members. In accordance with the Charter, which became
effective upon the consummation of the Business Combination, the Board is divided into three classes with staggered three-year terms.
At each annual meeting of stockholders, the successors to directors whose terms then expire will be elected to serve from the time of
election and qualification until the third annual meeting following election. The members of the Board are divided among the three classes
as follows:

| ● | the Class I directors are Matthew B. Jore and Stuart                                         
 Porter and their terms will expire at the annual meeting of stockholders to be held in 2025. |

| ● | the Class II directors are Max S. Baucus, Paul Dabbar                                                        
 and J. Kyle Derham and their terms will expire at the annual meeting of stockholders to be held in 2026; and |

| ● | the Class III directors are Patrick C. Eilers, Marwa                                                           
 Zaatari and Ajay Agrawal and their terms will expire at the annual meeting of stockholders to be held in 2027. |

Any additional directorships resulting from an
increase in the number of directors will be distributed among the three classes so that, as nearly as possible, each class will consist
of one-third of the directors. The division of the Board into three classes with staggered three-year terms may delay or prevent a change
of AirJoule’s management or a change