Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 85

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 85
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 for disputes with Veea or its directors, officers, stockholders, employees or agents.

The
Charter provides that, unless Veea consents in writing to the selection of an alternative forum, the Court of Chancery of the State of
Delaware shall be the sole and exclusive forum for state law claims for (i) any derivative action or proceeding brought on behalf of
Veea; (ii) any action, suit or proceeding asserting a claim of breach of a fiduciary duty owed by any current or former director, officer
or other employee, agent or stockholder of Veea against it or against its stockholders, (iii) any action, suit or proceeding asserting
a claim against Veea, its current or former directors, officers, employees, agents or stockholders arising pursuant to any provision
of the DGCL or the Charter or Bylaws, or (iv) any action, suit or proceeding asserting a claim against Veea, its current or former directors,
officers, employees, agents or stockholders governed by the internal affairs doctrine. The foregoing provisions will not apply to any
claims as to which the Delaware Court of Chancery determines that there is an indispensable party not subject to the jurisdiction of
such court, which is rested in the exclusive jurisdiction of a court or forum other than such court (including claims arising under the
Exchange Act), or for which such court does not have subject matter jurisdiction, or to any claims arising under the Securities Act and,
unless Veea consents in writing to the selection of an alternative forum, the United States District Court for the District of Delaware
will be the sole and exclusive forum for resolving any action asserting a claim arising under the Securities Act.

Section
22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability
created by the Securities Act or the rules or regulations thereunder. Accordingly, both state and federal courts have jurisdiction to
entertain such Securities Act claims. To prevent having to litigate claims in multiple jurisdictions and the threat of inconsistent or
contrary rulings by different courts, among other considerations, Veea’s Charter provides that, unless Veea consents in writing
to the selection of an alternative forum, United States District Court for the District of Delaware shall be the exclusive forum for
the resolution of any complaint asserting a cause of action arising under the Securities Act. There is uncertainty as to whether a court
would enforce the forum provision with respect to claims under the federal securities laws