Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 81

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 81
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 claims in multiple jurisdictions and the threat of inconsistent or contrary rulings
by different courts, among other considerations, Veea’s Charter provides that, unless Veea consents in writing to the selection
of an alternative forum, United States District Court for the District of Delaware shall be the exclusive forum for the resolution of
any complaint asserting a cause of action arising under the Securities Act. There is uncertainty as to whether a court would enforce
the forum provision with respect to claims under the federal securities laws.

This choice of forum provision
in the Charter may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with
Veea or any of Veea’s directors, officers, or other employees, which may discourage lawsuits with respect to such claims. There
is uncertainty as to whether a court would enforce such provisions, and the enforceability of similar choice of forum provisions in other
companies’ charter documents has been challenged in legal proceedings. It is possible that a court could find these types of provisions
to be inapplicable or unenforceable, and if a court were to find the choice of forum provision contained in the Charter to be inapplicable
or unenforceable in an action, Veea may incur additional costs associated with resolving such action in other jurisdictions, which could
harm Veea’s business, results of operations and financial condition. Furthermore, investors cannot waive compliance with the federal
securities laws and rules and regulations thereunder.

The Charter provides for indemnification of officers and directors of Veea at Veea’s expense, which may result in a significant cost to Veea and hurt the interests of its stockholders because corporate resources may be expended for the benefit of officers and/or directors.

The Charter and applicable
Delaware law provide for the indemnification of Veea’s directors and officers, under certain circumstances, against any liability,
action, proceeding, claim, demand, costs, damages or expenses, including legal expenses, whatsoever which they or any of them may incur
as a result of any act or failure to act in carrying out their functions in connection with Veea, other than such liability (if any)
that they may incur by reason of their own actual fraud, dishonesty, willful neglect or willful default. Veea will also bear the expenses
of such litigation for any of its directors or officers, upon such person’s undertaking to repay any amounts paid, advanced, or
reimbursed by Veea if it is ultimately determined that any such