Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 216

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 216
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 |     |                 |  (5,369 | ) |     |         |   (367 | ) |     |       |  (5,736 | ) |
| Present value of lease liabilities      |     | $               | 476,841 |   |     | $       | 88,433 |   |     | $     | 565,274 |   |
| Operating lease liabilities, current    |     | $               | 357,417 |   |     | $       | 88,433 |   |     | $     | 445,850 |   |
| Operating lease liabilities, noncurrent |     |                 | 119,424 |   |     |         |      - |   |     |       | 119,424 |   |
|                                         |     | $               | 476,841 |   |     | $       | 88,433 |   |     | $     | 565,274 |   |

Warranties

The Company accrues the
estimated cost of product warranties at the time of recognizing revenue. The Company’s standard product warranty terms generally
include post-sales support and repairs or replacement of a product at no additional charge for a specified period of time. The Company
engages in product quality programs and processes, including actively monitoring and evaluating the quality of its component suppliers.
The estimated warranty obligation is based on contractual warranty terms, repair costs, current period product shipments and product
failure rates. Warranty terms are generally limited to twelve months.

Indemnifications

In the normal course of
business, the Company has indemnification obligations to other parties, including customers, lessors, and parties to other transactions
with us, with respect to certain matters. The Company has agreed to indemnify against losses arising from a breach of representations
or covenants or out of intellectual property infringement or other claims made against certain parties. These agreements may limit the
time or circumstances within which an indemnification claim can be made and the amount of the claim.

It is not possible to determine
the maximum potential amount for claims made under the indemnification obligations due to uncertainties in the litigation process, coordination
with and contributions by other parties and the defendants in these types of cases, and the unique facts and circumstances involved in
each particular case and agreement. To date, the Company has made no indemnity payments. In addition, the Company has entered into indemnification
agreements with its officers and directors, and its Amended and Restated By