Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 77

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 77
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 Veea’s business, results of operations and financial condition. Furthermore, investors cannot waive compliance with the federal
securities laws and rules and regulations thereunder.

The Charter provides for indemnification of officers and directors of Veea at Veea’s expense, which may result in a significant cost to Veea and hurt the interests of its stockholders because corporate resources may be expended for the benefit of officers and/or directors.

The Charter and applicable
Delaware law provide for the indemnification of Veea’s directors and officers, under certain circumstances, against any liability,
action, proceeding, claim, demand, costs, damages or expenses, including legal expenses, whatsoever which they or any of them may incur
as a result of any act or failure to act in carrying out their functions in connection with Veea, other than such liability (if any)
that they may incur by reason of their own actual fraud, dishonesty, willful neglect or willful default. Veea will also bear the expenses
of such litigation for any of its directors or officers, upon such person’s undertaking to repay any amounts paid, advanced, or
reimbursed by Veea if it is ultimately determined that any such person shall not have been entitled to indemnification. This indemnification
policy could result in substantial expenditures by Veea that we will be unable to recoup.

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ELOC FINANCING</div>

On December 2, 2024, the
Company entered into a Common Stock Purchase Agreement with White Lion and a related Registration Rights Agreement (the “RRA”).
Pursuant to the ELOC Purchase Agreement, the Company has the right, but not the obligation, to require White Lion to purchase, from time
to time, up to $25.0 million in aggregate gross purchase price of newly issued Common Stock, subject to certain limitations and conditions
set forth in the ELOC Purchase Agreement.

Subject to the satisfaction
of certain customary conditions including, without limitation, the effectiveness of the registration statement of which this prospectus
forms a part (the “Registration Statement”) registering the resale of the shares issuable pursuant to the ELOC Purchase Agreement,
the Company’s right to sell shares to White Lion commenced on the date of the execution of ELOC Purchase Agreement and extends
until (i) 24 months from the date of execution of the ELOC Purchase Agreement (the “Commitment Period”).

During the Commitment Period,
subject to the terms and conditions of the ELOC Purchase Agreement,