Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 322

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 322
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 provide working capital to the Company during the Extension (“Investor’s Capital Commitment”). As such, subject to, and in accordance with the terms and conditions of the Second Subscription Agreement, the Parties agreed,

| (a) | from time to time, the                                                                                                            
 Company will request funds from the Sponsor for working capital purposes or for the Sponsor to fund an extension payment pursuant 
 to the Company’s Amended and Restated Memorandum and Articles of Association (each a “Drawdown Request”). The Sponsor,            
 upon on at least five (5) calendar days’ prior written notice (“Capital Notice”), may require a drawdown                          
 against the Investor’s Capital Commitment under a Drawdown Request (each a “Capital Call”). An amount of up to                    
 $750,000 of the Investor’s Capital Commitment was deemed the subject of a Capital Call concurrently with the execution of the     
 Second Subscription Agreement, and an amount that is up to the balance of the Investor’s Capital Commitment may be called upon    
 the filing of a registration statement by the SPAC or the surviving entity in relation to the business combination.               |

| (c) | each member of the Sponsor                                                                                                               
 has the right to contribute any amount requested under each Drawdown Request (“Sponsor Capital Contribution”), provided                  
 that such Sponsor Capital Contributions will be made on terms no more favorable than the Investor’s Capital Commitment. In               
 addition, the Company and Sponsor maintain the ability to enter into other agreements with each other or with other parties which        
 shall provide for funding of the Company (through the issuance of equity, entry into promissory notes, or otherwise) outside of Drawdown 
 Requests, provided that the terms of any such agreement between the Company or Sponsor with each other or any party or parties will      
 be no more favorable than the terms under the Second Subscription Agreement;                                                             |

| (d) | any amounts funded by the                                                                                                            
 Sponsor to the Company under a Drawdown Request shall not accrue interest and shall be promptly repaid by the Company to the Sponsor 
 upon the Business Combination Closing. Following receipt of such sums from the Company, and in any event within 5 business days      
 of the Business Combination Closing, the Sponsor or Company shall pay to the Investor, an amount equal to all Capital Calls funded   
 under the Second Subscription Agreement (the “Business Combination Payment”). The Investor may elect at the Business                 
 Combination Closing to receive such Business Combination Payment in cash or Class A ordinary shares at a rate of 1 Class A           
 ordinary share for each