Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 172

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 172
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) for ten (10) consecutive trading days. The
obligations under each September 2024 Note will also automatically convert in connection with a Brokerage Transfer, as described below.

<div align='center'>99</div>

The September 2024 Notes
and the Conversion Shares are subject to a lock-up for a period of 6 months after the Financing Closing, and such lock-ups have expired
as of the date of this prospectus. The 2024 Note Offering Transferred Shares are not be subject to any lock-up restrictions, but for
a period of 6 months after the Closing they were separately designated by the Transfer agent and kept as book entry shares on the Transfer
Agent’s records and were not be eligible to be held by Depository Trust Company (“DTC”) without the investor first
notifying the Company of its intent to transfer any such shares to a brokerage account and/or to be held by DTC or another nominee (a
“Brokerage Transfer”). If the investor provides such notice or otherwise has any such shares subject to a Brokerage Transfer
within 6 months after the Closing of the Business Combination, a portion of the outstanding obligations under such Investor’s September
2024 Note will automatically convert into a number of 2024 Note Conversion Shares equal to the number of the transferred shares subject
to such Brokerage Transfer, and the lock-up period for such 2024 Note Conversion Shares would be extended for an additional 6 months
to 12 months after the closing of the September 2024 Note Offering. As of December 31, 2024, $250,000 in aggregate principal amount of
the September 2024 Notes, together with associated interest, had automatically converted upon the occurrence of a Brokerage Transfer.

2025 Convertible Note Financing

Note Purchase Agreements and Convertible Promissory Notes

On April 17, 2025, and May
13, 2025, the Company and the Crowdkeep Investor, entered into two Crowdkeep Note Purchase Agreements. Pursuant to the Crowdkeep Note
Purchase Agreements, the Crowdkeep Investor loaned to the Company an aggregate of $1,000,000 in two tranches, of which $500,000 was
provided on April 17, 2025 and $500,000 was provided on May 13, 2025. In connection with the entry into the Crowdkeep Note Purchase
Agreements the Company issued to the Crowdkeep Investor unsecured convertible promissory notes.