Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 135

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 135
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 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 3,036,308 shares of Common Stock.                                                                  |
| (3) | Includes                                                                                                                          
 options to purchase 70,366 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                                                                               
 1,283,327 shares of Common Stock issuable upon exercise of Private Placement Warrants. |
| (9)  | Includes 973,358 shares of Common Stock issuable upon exercise                         
 of Private Placement Warrants.                                                         |
| (10) | Includes 1,517,644 shares of Common Stock issuable upon                                
 exercise of Private Placement Warrants.                                                |

<div align='center'>75

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</div>

Certain Relationships and Related Person Transactions of Veea

Lease Arrangements

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. In 2018, Private Veea renewed the sublease for an additional five-year term with
all other terms and conditions of the sublease remaining the same. The renewal term expired February 28, 2024 and was subsequently
extended to December 31, 2024. Rent for the office space is accrued and not paid in cash. The Company recognized rent expense of $61,200
and $61,200 in the three months ended September 30, 2024 and 2023, respectively, and $183,600 and $184,925 in the nine months ended September
30, 2024 and 2023, respectively, all of which is classified as general and administrative