Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 188

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 188
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 Private Placement Warrants and public warrants, which could limit the ability of such warrant holders to obtain a favorable judicial forum for disputes with the Company.” This provision applies to claims
under the Securities Act but does not apply to claims under the Exchange Act or any claim for which the federal district courts of the
United States of America are the sole and exclusive forum.

SPAC Private Placement Warrants

The SPAC Private Placement
Warrants have terms and provisions that are identical to those of the public warrants, as described above, except where the context otherwise
requires or where otherwise indicated.

Assumed Warrants

Duration and Exercise Price

All of the Assumed Warrants
are held by one institutional investor whose previously held warrants of Private Veea were assumed by the Company at the Closing of the
Business Combination. The Assumed Warrants have an exercise price of $10.19 per share. The Assumed Warrants were immediately exercisable
upon issuance and are exercisable for five years after the date of issuance. The exercise price and number of shares of common stock
issuable upon exercise are subject to appropriate adjustment in the event of share dividends, share splits, reorganizations or similar
events affecting our shares of common stock. Except for certain exceptions, the exercise price is also subject to adjustment in the event
of subsequent equity sales by the Company at a price less than the then current exercise price of the Assumed Warrants.

Exercisability

The Assumed Warrants are
exercisable, at the option of the holder, in whole or in part, by delivering to us a duly executed exercise notice accompanied by payment
in full for the number of shares of common stock purchased upon such exercise (except in the case of a cashless exercise as discussed
below).

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Cashless Exercise

In lieu of making the cash
payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate exercise price, the holder may elect instead
to receive upon such exercise (either in whole or in part) the net number of shares of common stock determined according to a formula
set forth in the Assumed Warrants.

Liquidity Event

In the event of any liquidity
event, as described in the Assumed Warrants and generally including any merger with or into another entity, sale of all or substantially
all of our assets, tender offer or exchange offer, or reclassification of our shares of common stock, then upon any subsequent exercise
of such warrant, the