Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 211

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 211
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 Korea Information and Communications Co., Ltd. (“KICC”) totaling $10,949,199, which included interest accrued
and compounded through December 31, 2022, converted into 5,474,599 shares of Series A-1 Preferred Stock. The convertible notes
were issued to KICC under convertible note purchase agreement entered into in 2019 with other holders, including NLabs, and in exchange
for deposits made by KICC under certain agreements between KICC and the Company covering the purchase by KICC of VeeaHubunits.
The convertible notes issued to the other holders under the 2019 purchase agreement previously converted into shares of Series A-1
Preferred Stock on December 21, 2022.

Other Related Party Debt

|                       |     |           | December 31, 2023 |     |          |           |     |       |            |     |           | December 31, 2022 |     |          |           |     |       |            |
|:----------------------|:----|:----------|------------------:|:----|:---------|----------:|:----|:------|-----------:|:----|:----------|------------------:|:----|:---------|----------:|:----|:------|-----------:|
|                       |     | Principal |                   |     | Accrued  
 Interest |           |     | Total |            |     | Principal |                   |     | Accrued  
 Interest |           |     | Total |            |
| NLabs Bridge Notes    |     | $         |         9,500,000 |     | $        | 1,957,863 |     | $     | 11,457,863 |     | $         |         9,500,000 |     | $        | 1,007,863 |     | $     | 10,507,863 |
| NLabs Promissory Note |     |           |         3,098,000 |     |          |   295,644 |     |       |  3,393,644 |     |           |           850,000 |     |          |     5,356 |     |       |    855,356 |
|                       |     | $         |        12,598,000 |     | $        | 2,253,507 |     | $     | 14,851,507 |     | $         |