Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 194

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 194
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 in the stockholder becoming an interested stockholder;                                        |

| (2) | upon consummation of the transaction                                                              
 which resulted in the stockholder becoming an interested stockholder, the interested stockholder  
 owned at least 85% of the voting stock of the corporation outstanding at the time the transaction 
 commenced, excluding for purposes of determining the voting stock outstanding (but not the        
 outstanding voting stock owned by the interested stockholder) those shares owned (i) by persons   
 who are directors and also officers and (ii) employee stock plans in which employee participants  
 do not have the right to determine confidentially whether shares held subject to the plan         
 will be tendered in a tender or exchange offer; or                                                |

| (3) | at or subsequent to such time the business                                               
 combination is approved by the board of directors and authorized at an annual or special 
 meeting of stockholders, and not by written consent, by the affirmative vote of at least 
 66.67% of the outstanding voting stock which is not owned by the interested stockholder. |

Generally, a “business
combination” includes a merger, asset or stock sale or other transaction resulting in a financial benefit to the interested stockholder.
Subject to certain exceptions, an “interested stockholder” is a person who, together with that person’s affiliates
and associates, owns, or within the previous three (3) years owned, 15% or more of the Company’s outstanding voting stock. For
purposes of this section only, “voting stock” has the meaning given to it in Section 203 of the DGCL.

Since the Company has not
opted out of Section 203 of the DGCL, it will apply to the Company. As a result, this provision will make it more difficult for a person
who would be an “interested stockholder” to effect various business combinations with the Company for a three (3) year period.
This provision may encourage companies interested in acquiring the Company to negotiate in advance with the Board because the stockholder
approval requirement would be avoided if the Board approves either the business combination or the transaction which results in the stockholder
becoming an interested stockholder. These provisions also may have the effect of preventing changes in the Board and may make it more
difficult to accomplish transactions which stockholders may otherwise deem to be in their best interests.

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Cumulative Voting

Under Delaware law, the right
to vote cumulatively does not exist