Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 213

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 213
---
 granted to the Company.

9 - STOCK-BASED COMPENSATION

The Company maintains
equity incentive plans under which employees, nonemployee directors and consultants of the Company, its affiliates and/or subsidiaries
may be offered the opportunity to acquire shares of the Company’s common stock.

2014 Equity Incentive Plan

On September 1, 2014,
the Company’s Board of Directors adopted the Max Inc. Equity Incentive Plan (“2014 Plan”). Upon adoption
of the 2014 Plan, the aggregate number of shares of Common Stock reserved for awards under the Plan were .

|                                                     |     | Number      
 of Options  
 (in Shares) |         |   |     | Weighted 
 Average  
 Exercise 
 Price    |        |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Terms       
 (in Years)  |      |     | Aggregate 
 Intrinsic 
 Values    |         |
|:----------------------------------------------------|:----|:------------|--------:|:--|:----|:---------|-------:|:----|:------------|-----:|:----|:----------|--------:|
| Balances as of January 1, 2022                      |     |             | 385,531 |   |     | $        | 0.0001 |     |             | 5.68 |     | $         | 335,373 |
| Granted                                             |     |             |       - |   |     |          |      - |     |             |      |     |           |         |
| Exercised                                           |     |             |       - |   |     |          |      - |     |             |      |     |           |         |
| Forfeited or cancelled                              |     |             |       - |   |     |          |      - |     |             |      |     |           |         |
| Balances as of December 31, 2022                    |     |             | 385,531 |   |     |          | 0.0001 |     |             | 4.68 |     |           | 277,544 |
| Granted                                             |     |             |       - |   |     |          |      - |     |             |      |     |           |         |
| Exercised                                           |     |             | (40,000 | ) |     |          | 0.0001 |     |             |      |     |           |