Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 79

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 79
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arrants will be in the money at the time they become exercisable, and they may expire worthless.

The
exercise price for the outstanding Public Warrants is $11.50 per share. There can be no assurance that such Public Warrants will be in
the money following the time they become exercisable and prior to their expiration, and as such, the Public Warrants may expire worthless.

The
Warrant Agreement designates the courts of the State of New York or the United States District Court for the Southern District of New
York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of its Warrants, which
could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with Plum.

Warrant
Agreement provides that, subject to applicable law, (i) any action, proceeding or claim against Plum arising out of or relating in any
way to the Warrant Agreement, including under the Securities Act, will be brought and enforced in the courts of the State of New York
or the United States District Court for the Southern District of New York, and (ii) that Plum irrevocably submits to such jurisdiction,
which jurisdiction shall be the exclusive forum for any such action, proceeding or claim. Plum will waive any objection to such exclusive
jurisdiction and that such courts represent an inconvenient forum.

Notwithstanding
the foregoing, these provisions of the Warrant Agreement will not apply to suits brought to enforce any liability or duty created by
the Exchange Act or any other claim for which the federal district courts of the United States of America are the sole and exclusive
forum. Any person or entity purchasing or otherwise acquiring any interest in any of its Warrants shall be deemed to have notice of and
to have consented to the forum provisions in its Warrant Agreement. If any action, the subject matter of which is within the scope of
the forum provisions of the Warrant Agreement, is filed in a court other than a court of the State of New York or the United States District
Court for the Southern District of New York (a “Foreign Action”) in the name of any holder of Warrants, such
holder shall be deemed to have consented to: (x) the personal jurisdiction of the state and federal courts located in the State of New
York in connection with any action brought in any such court to enforce the forum provisions (an “Enforcement Action”),
and (y) having service of process made upon such Warrant holder in any such