Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 135

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 135
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 basis, for 3,880,000 shares of common stock of Private Veea at a conversion price of $0.01 per share for an aggregate
purchase price of $38,800. A total of 21,798 shares of Common Stock were surrendered in payment of the purchase price.

Indemnification
Agreements

Our
corporate governance documents provide that we will indemnify our directors and officers to the fullest extent permitted by Delaware
law, subject to certain exceptions contained in our restated certificate of incorporation. We have also entered into indemnification
agreements with certain officers and directors. These agreements provide, among other things, that the Company will indemnify the officer
or director, under the circumstances and to the extent provided for in the agreement, for expenses, damages, judgments, fines and settlements
they may be required to pay in actions or proceedings which they are or may be made a party by reason of their position as a director,
officer or other agent of the Company, and otherwise to the fullest extent permitted under Delaware law and our bylaws.

79

Certain
Pre-Business Combination Relationships and Related Person Transactions of Plum

Founder
Shares

On
January 13, 2021, the Plum Sponsor paid $25,000, or approximately $0.003 per share, to cover certain offering costs in consideration
for 8,625,000 Class B ordinary shares, par value $0.0001 per share (the “Founder Shares”). Up to 1,125,000 Founder Shares
were subject to forfeiture to the extent that the over-allotment option was not exercised in full by the underwriter. On April 14, 2021,
the underwriter partially exercised its over-allotment option buying 1,921,634 Units thus reducing the total number of share subject
to forfeiture to 644,591. On May 2, 2021, the underwriter’s over-allotment option expired and 644,591 Founder Shares were forfeited
to the Company.

Plum
Sponsor and Plum’s directors and executive officers agreed not to transfer, assign or sell any of their Founder Shares until earliest
of (A) 180 days after the completion of the initial Business Combination and (B) subsequent to the initial Business Combination, (x)
if the closing price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share capitalizations,
reorganizations, recapitalizations and the like