Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 270

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 270
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       | 14,870,993 |
| Total                        |     | $         | 21,598,000 |     | $        | - |     | $        | 2,272,993 |     | $     | 23,870,993 |

<div align='center'>F-45

Veea Inc. and Subsidiaries

Notes to the Consolidated Financial Statements

For the Years ended December 31, 2024 and 2023</div>

Revolving Loan Facility

In June 2021, the Company entered into
a revolving loan agreement (the “2021 Revolving Loan Agreement”)with First Republic Bank , which was subsequently acquired
by JPMorgan Chase, (the “Bank”) providing up to $14,000,000 of advances (collectively, the “Loan”). The Loan
accrues interest at a variable rate based on an index rate established by reference to the average 12-month trailing one-year US treasuries
plus a spread of 1.80% per annum and a minimum floor rate of 1.5% per annum. Interest is payable monthly in cash. The Company was not
required to provide collateral for the advances or comply with any covenants. The advances were secured by a lien on certain personal
assets of the CEO. In consideration for the security provided by the CEO, the Company issued common stock warrants (the “Related
Party Common Stock Warrants”) to NLabs a significant shareholder of the Company (“NLabs”) in consideration for the
CEO’s guaranteeing the advances. See Note 12 – Related Party Transactions, Common Stock Warrants. In December
2023, the Company repaid $5,000,000 of the principal balance of the Loan. Following the acquisition of First Republic the Loan was transferred
to the Bank. As of December 31, 2024, the outstanding principal amount of the Loan was $12.7 million and $1.3 million is available for
borrowing.

Convertible Note Payable

Simultaneously with the closing of the Business Combination, the Company
and Private Veea issued convertible notes under note purchase agreements (the “Note Purchase Agreements”) with certain accredited
investors unaffiliated with the Company and Private Veea (each, an “Investor”) for the sale of unsecured subordinated convertible
promissory notes (the “September 2024 Notes”) as part of a private placement offering of up to $15 million