Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 310

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 310
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 such adjudication but in view of all of the circumstances, he or she
is entitled to indemnification of such expenses. Notwithstanding the foregoing, to the extent that any Indemnitee has been successful,
on the merits or otherwise, he or she will be indemnified by the Company against all expenses (including attorneys’ fees) actually
and reasonably incurred by him or her or on his or her behalf in connection therewith. If the Company does not assume the defense, expenses
must be advanced to an Indemnitee under certain circumstances.

In addition, the Company
has entered into indemnification agreements with all of the Company’s executive officers and directors. In general, these agreements
provide that the registrant will indemnify the executive officer or director to the fullest extent permitted by law for claims arising
in his or her capacity as an executive officer or director of the Company or in connection with his or her service at the Company request
for another corporation or entity. The indemnification agreements also provide for procedures that will apply in the event that an executive
officer or director makes a claim for indemnification and establish certain presumptions that are favorable to the executive officer
or director.

The Company maintains a general
liability insurance policy that covers certain liabilities of the Company’s directors and officers arising out of claims based
on acts or omissions in their capacities as directors or officers.

<div align='center'>II-2</div>

Item 15. Recent Sales of Unregistered Securities.

Set forth below is information
regarding shares of capital stock issued by us within the past three years. Also included is the consideration received by us for such
shares and information relating to the section of the Securities Act, or rule of the Securities and Exchange Commission, under which
exemption from registration was claimed.

Asset Purchase Transaction with Crowdkeep, Inc.

Asset Purchase Agreement

On May 13, 2025, the Company entered into an
Asset Purchase Agreement (the “APA”) with Crowdkeep, Inc., a Delaware corporation (the “Seller”),
pursuant to which, subject to the terms and conditions set forth in the APA, the Company acquired, upon the closing (the “Crowdkeep Closing”, and the date of such Crowdkeep Closing, the “Crowdkeep Closing Date”) certain assets
of Seller relating to Seller’s IoT technology platform business (collectively, the “Crowdkeep Assets”),
free and clear of any liens other than certain specified liabilities of Seller that are being assumed (