Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 209

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 209
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 in the same manner as if the U.S. Holders of the warrants received a cash distribution from us equal to the
fair market value of such increased interest resulting from the adjustment.

Non-U.S. Holders

This section applies to “Non-U.S.
Holders.” As used herein, the term “Non-U.S. Holder” means a beneficial owner of our common shares or warrants
that is not a U.S. Holder and is not a partnership or other entity classified as a partnership for U.S. federal income tax purposes, but
such term generally does not include an individual who is present in the United States for 183 days or more in the taxable year
of disposition. If you are such an individual, you should consult your tax advisor regarding the U.S. federal income tax consequences
of the acquisition, ownership or sale or other disposition of our securities.

Taxation of Distributions

In general, any distributions
(including constructive distributions) we make to a Non-U.S. Holder of shares of our common shares, to the extent paid out of our current
or accumulated earnings and profits (as determined under U.S. federal income tax principles), will constitute dividends for U.S. federal
income tax purposes. Provided such dividends are not effectively connected with the Non-U.S. Holder’s conduct of a trade or business
within the United States (or, if required pursuant to an applicable income tax treaty, are not attributable to a permanent establishment
of fixed base maintained by the Non-U.S. Holder in the United States), we will be required to withhold tax from the gross amount
of the dividend at a rate of 30%, unless such Non-U.S. Holder is eligible for a reduced rate of withholding tax under an applicable income
tax treaty and provides proper certification of its eligibility for such reduced rate (usually on an IRS Form W-8BEN or W-8BEN-E,
as applicable). In the case of any constructive dividend, it is possible that this tax would be withheld from any amount owed to a Non-U.S.
Holder by the applicable withholding agent, including cash distributions on other property or sale proceeds from warrants or other property
subsequently paid or credited to such holder. Any distribution not constituting a dividend will be treated first as reducing (but not
below zero) the Non-U.S. Holder’s adjusted tax basis in our common shares and, to the extent such distribution exceeds the Non-U.S.
Holder’s adjusted tax basis, as gain realized from the sale or other disposition of our