Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 145

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 145
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letter provides for an indefinite term of employment. Pursuant to the offer letter, Mr. Tubinis was entitled to an initial annual salary
of $210,000.

On April 30, 2025, Veea and
Mr. Stephenson entered an offer letter, pursuant to which Mr. Stephenson was appointed the Company’s Senior Vice President, Finance
and Chief Strategy Officer of the Veea. Pursuant to the offer letter, Mr. Stephenson is entitled to an annual base salary of $84,000,
which may be raised to $425,000 or above starting on July 1, 2025, dependent on the cash condition of the Company. Mr. Stephenson is
also eligible to receive an annual performance bonus, at the discretion of the CEO and the Compensation Committee of the Board, in an
amount up to 100% (one hundred percent) of his annual base salary (pro-rated for calendar year 2025). In addition, Mr. Stephenson received
non-qualified options to purchase 88,000 shares of common, with an amount of 19,000 shares vesting on each of May, 31 2025 and June 30,
2025, 12,500 shares vesting on May 1, 2026 and remaining vesting in equal amounts quarterly until the award is fully vested.

Each of the NEOs is eligible
to participate in a number of Company-sponsored benefit plans, programs and arrangements.

Outstanding Equity Awards at Year-End

The following table provides information on outstanding
equity awards as of December 31, 2024 to our NEOs.

<div align='center'>82</div>

Stock Awards

|                      | Name |     | Number of shares or units of stock 
                      that have not 
                             vested 
                                (#) |     |     | Market value of shares or units of 
                stock that have not 
                             vested 
                                ($) |     |     |                    Equity incentive plan awards: Number 
 of unearned shares, units or other rights that have not 
                                                  vested 
                                                     (#) |     |   |                                    Equity Incentive Plan awards: Market 
 or payout value of unearned shares, units or other rights that have not 
                                                                  vested 
                                                                     ($) |
|:---------------------|:-----|:----|-----------------------------------:|:----|:----|-----------------------------------:|:----|:----|--------------------------------------------------------:|:----|:--|------------------------------------------------------------------------:|
| Allen