Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 219

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 219
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 KICC and the Company covering the purchase by KICC of VeeaHub
units. 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.

|                       |     |           | 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 |     | $         |        10,350,000 |     | $        | 1,013,219 |     | $     | 11,363,219 |

In 2021 and 2022, NLabs made loans to the Company evidenced by promissory notes aggregating $ 9,500,000(the “Bridge Notes”). The Bridge Notes bear interest on the outstanding principal at a rate of 10% per annum, calculated on the basis of a 365-day year. Principal and accrued