Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 131

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 131
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 an entity controlled by Mr. Salmasi and members
                                            of his immediate family, 2,808,475 shares held by Salmasi 2004 Trust, the trustee of which
                                            is a member of Mr. Salmasi’s immediate family, 437,029 shares held directly by Mr.
                                            Salmasi, 491,059 shares held by Mr. Salmasi’s spouse and options to purchase 2,992,475
                                            shares of Common Stock.

(3)Includes
                                            options to purchase 47,359 shares of Common Stock.

(4)Consists
                                            of options to purchase 52,518 shares of Common Stock.

(5)Includes
                                            options to purchase 14,714 shares of Common Stock.

(6)Includes
                                            20,000 shares of Common Stock issuable upon conversion of a convertible promissory note issued
                                            at the Closing of the Business Combination.

(7)Includes
                                            985,277 shares of Common Stock issuable upon exercise of Private Warrants.

    (8)
    Includes 973,358 shares of Common Stock issuable upon
    exercise of Private Placement Warrants..

    (9)
     Includes 1,517,644 shares of Common Stock issuable
    upon exercise of Private Placement Warrants.

77

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

The following includes a summary
of transactions since January 1, 2023 to which we have been a party in which the amount involved will exceed $120,000, and in which any
of our directors, executive officers or, to our knowledge, beneficial owners of more than 5% of our capital stock, or any member of the
immediate family of any of the foregoing persons had or will have a direct or indirect material interest, other than equity and other
compensation, termination, change in control and other arrangements, which are described under “Item 11 - Executive Compensation.”
We also describe below certain other transactions with our directors, executive officers and stockholders.

Certain
Relationships and Related Person Transactions of Veea

Lease
Agreements

On March 1, 2014, Private Veea entered into a sublease agreement with NLabs
Inc., an affiliate of Private Veea’s CEO (“NLabs”) for office space for an initial term of five years.
At December 31, 2024, NLabs held approximately