Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1035

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 1035
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. On September 11, 2024 the Roy
Note was amended to provided that upon consummation of the Business Combination, the outstanding principal balance would convert into
common stock of the Company in an amount of shares equal to the outstanding principal balance divided by $5.00 per share.

Administrative
Support Agreement

Plum entered into certain administrative support agreement, pursuant
to which Plum paid the Plum Sponsor or an affiliate of the Plum Sponsor for office space, secretarial and administrative services provided
to members of the management team. In addition, Plum reimbursed the Plum Sponsor for the reasonable costs of salaries and other services
provided to Plum by the employees, consultants and or members of the Plum Sponsor or its affiliates. For the year ended December 31,
2023, Plum incurred $120,000 in fees for office space, secretarial and administrative services and $215,094 in fees for reimbursement
of costs of salaries. Pursuant to its terms, the Administrative Support Agreement terminated upon Closing.

ITEM
14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

The following table sets forth
the aggregate fees billed by PKF O’Connor Davies, LLP for the fiscal years ending December 31, 2024 and 2023, respectively, as
described below:

    2024  
    2023 
  
    Audit and Related Fees 
    $620,472  
    $404,975 
  
    Tax Fees 
    $21,299  
    $34,000 
  
    Total 
    $641,771  
    $438,975 

Pre-Approval
Policies and Procedures

The
Audit Committee mandate requires that the Audit Committee pre-approve any retainer of the auditor of the Company to perform any non-audit
services to the Company that it deems advisable in accordance with applicable legal and regulatory requirements and policies and procedures
of the Board. The Audit Committee is permitted to delegate pre-approval authority to one of its members; however, the decision of any
member of the Audit Committee to whom such authority has been delegated must be presented to the full Audit Committee at its next scheduled
meeting.

82

PART
IV

ITEM
15. EXHIBITS, FINANCIAL STATEMENTS AND SCHEDULES.

Report of Independent Registered Public Accounting
Firm

To the Stockholders and the Board of Directors

of Veea Inc.

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated