Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 273

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 273
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 Lease agreements may provide for increasing rental payments at fixed intervals. The Company’s CEO has guaranteed
the obligations under the office space leased in New Jersey.

| Lease cost:                
 Operating lease costs      |     | Nine Months ended 
 September 30,     
 2024              |         |     | 2023 |         |
|:---------------------------|:----|:------------------|--------:|:----|:-----|--------:|
| Other than related parties |     | $                 | 269,915 |     | $    | 265,664 |
| Related parties            |     |                   | 391,399 |     |      | 361,713 |
| Total                      |     |                   | 661,314 |     |      | 627,377 |
| Short-term lease cost      |     |                   |         |     |      |         |
| Other than related parties |     |                   |  30,817 |     |      | 134,206 |
| Related parties            |     |                   |       - |     |      |       - |
| Total                      |     |                   |  30,817 |     |      | 134,206 |
| Variable lease cost        |     |                   |         |     |      |         |
| Other than related parties |     |                   |   9,893 |     |      |  28,325 |
| Related parties            |     |                   |       - |     |      |       - |
| Total                      |     |                   |   9,893 |     |      |  28,325 |
| Total lease cost           |     | $                 | 702,024 |     | $    | 789,908 |

<div align='center'>F-61

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

| Cash paid for amounts included in the measurement of lease liabilities 
 Operating lease costs                                                  |     | Nine Months ended 
 September 30,     
 2024              |           |   |     | 2023 |           |   |
|:-----------------------------------------------------------------------|:----|:------------------|----------:|:--|:----|:-----|----------:|:--|
| Other than related parties                                             |     | $                 |   269,915 |   |     | $