Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 134

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 134
---
 executive officer’s continued service through
the applicable vesting date.

Each option will vest in full (to the extent then-unvested)
upon the applicable named executive officer’s termination of service due to his death or disability. In addition, if the applicable
named executive officer incurs a termination of service (i) without “cause” (as defined in the applicable award agreement)
within three months prior to, or 12 months following, a “change in control” of the Company (as defined in the Incentive
Plan) or (ii) due to his resignation for “good reason” (as defined in the applicable award agreement) within 12 months
following a change in control, then subject to his timely execution and non-revocation of a release of claims, the option will vest in
full (to the extent then-unvested).

<div align='center'>71</div>

Restricted Stock Units

On June 6, 2024, the Compensation Committee
granted Messrs. Jore, Pang and Eilers 50,000, 25,000 and 25,000 restricted stock units, respectively, under the Incentive Plan. The Compensation
Committee also granted Mr. Pang a one-time award of 67,500 restricted stock units on September 9, 2024. The awards of restricted
stock units granted to the named executive officers in 2024 are eligible to vest as to 25% of the restricted stock units subject thereto
on each of the first four anniversaries of June 6, 2024, subject to the named executive officer’s continued service through
the applicable vesting date.

Each award of restricted stock units will vest
in full (to the extent then-unvested) upon the applicable named executive officer’s termination of service due to his death or disability.
In addition, if the applicable named executive officer incurs a termination of service (i) without “cause” (as defined
in the applicable award agreement) within three months prior to, or 12 months following, a “change in control” of
the Company (as defined in the Incentive Plan) or (ii) due to his resignation for “good reason” (as defined in the applicable
award agreement) within 12 months following a change in control, then subject to his timely execution and non-revocation of a release
of claims, the restricted stock units will vest in full (to the extent then-unvested).

Equity