Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 117

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 117
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 the Company acquired, upon the closing (the “Crowdkeep Closing”, and the date of such Crowdkeep Closing, the “Crowdkeep Closing Date”) certain assets
of Seller relating to Seller’s IoT technology platform business (collectively, the “Crowdkeep Assets”),
free and clear of any liens other than certain specified liabilities of Seller that are being assumed (collectively, the “Crowdkeep Liabilities” and such acquisition of the Crowdkeep Assets and assumption of the Crowdkeep Liabilities together, the “Crowdkeep Transaction”) in consideration for the issuance to the Seller of 4,065,689 shares of common stock (the “Crowdkeep Purchase Price”).

At the time of closing
of the transaction, Mr. Helder Antunes, a member of the Company’s board of directors, was the chief executive officer of Crowdkeep.
Following the closing, Mr. Antunes resigned as Crowdkeep’s chief executive officer. The APA contains other customary representations,
warranties and covenants of the parties.

Note Purchase Agreements and Convertible Promissory Notes

On April 17, 2025, and May
13, 2025, the Company and the majority stockholder of the Seller (“Crowdkeep Investor”), entered into two Note
Purchase Agreements (the “Crowdkeep Note Purchase Agreements”). Pursuant to the Crowdkeep Note Purchase Agreements,
the Crowdkeep Investor loaned to the Company an aggregate of $1,000,000 in two tranches (the “Crowdkeep Loans”),
of which $500,000 was provided on April 17, 2025 and $500,000 was provided on May 13, 2025. In connection with the entry into the Crowdkeep
Note Purchase Agreements the Company issued to the Crowdkeep Investor unsecured convertible promissory notes (the “Crowdkeep Convertible Notes”). The Crowdkeep Convertible Notes have an aggregate principal amount of $1,000,000, and the interest
under the Crowdkeep Convertible Notes accrues at an annual rate of 8%. The maturity date of the Crowdkeep Convertible Notes are April
17, 2026, and May 13, 2026, respectively.

Pursuant to the terms of
the Convertible Notes, upon an event of default, the outstanding principal amount of the applicable Crowdkeep Convertible Note, plus
accrued but unpaid interest, will become immediately due and payable in full. Events of