Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 34

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 34
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, failures, or bugs. Although Veea has limitation of liability
provisions in Veea’s standard software licensing and service agreement terms and conditions, these provisions may not be enforceable
in some circumstances, may vary in levels of protection across our agreements, or may not fully or effectively protect Veea from such
claims and related liabilities and costs.

Veea generally provides a warranty to its customers
for its software products and services. In the event that there is a failure of warranties in such agreements, Veea is generally obligated
to correct the product or service to conform to the warranty provision as set forth in the applicable agreement, or, if Veea is unable
to do so, the customer is entitled to seek a refund of the purchase price of the product and service (generally prorated over the contract
term). The sale and support of Veea’s products also entail the risk of product liability claims. Veea maintains insurance to protect
against certain claims associated with the use of its products, but its insurance coverage may not adequately cover any claim asserted
against us. In addition, even claims that ultimately are unsuccessful could result in Veea’s expenditure of funds in litigation
and divert management’s time and other resources.

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In addition, Veea’s platforms integrate
a wide variety of other elements, and Veea’s platforms must successfully interoperate with products from other vendors and its customers’
internally developed software. As a result, when problems occur for a customer using Veea’s platforms, it may be difficult to identify
the sources of these problems, and Veea may receive blame for a security, access control, or other compliance breach that was the result
of the failure of one of the other elements in a customer’s or another vendor’s information technology, security, or compliance
infrastructure. The occurrence of software or errors in data, whether or not caused by Veea’s platforms, could delay or reduce market
acceptance of Veea’s platforms and have an adverse effect on Veea’s business and financial performance, and any necessary
revisions may cause Veea to incur significant expenses. The occurrence of any such problems could harm Veea’s business, financial
condition, and results of operations. If an actual or perceived breach of information correctness, auditability, integrity, or availability
occurs in one of our customers’ systems, regardless of whether the breach is attributable to Veea’s platforms, the market
perception of the effectiveness of V