Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 221

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 221
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uries
plus a spread of 1.80% per annum and a minimum floor rate of 1.5% per annum. Interest is payable monthly in cash. Private Veea was not
required to provide collateral for the advances or comply with any covenants. The advances were secured by a lien on certain personal
assets of the CEO. In consideration for the security provided by the CEO, Private Veea issued common stock warrants (the “Related
Party Common Stock Warrants”) to NLabs, a principal shareholder of the Company and affiliate of Allen Salmasi (“NLabs”),
in consideration for the CEO’s guaranteeing the advances. See Note 12 for further information. In December 2023, Private Veea repaid
$5,000,000 of the principal balance of the Loan. Following the acquisition of First Republic, the Loan was transferred to the Bank. Total
borrowings during the three months ended March 31, 2025, were $1.3 million. As of March 31, 2025, the outstanding principal amount of
the Loan was $14.0 million, and there is no availability to borrow additional funds.

Convertible Note Payable

Simultaneously with the closing of the Business Combination, the Company
and Private Veea issued convertible notes under note purchase agreements (the “Note Purchase Agreements”) with certain accredited
investors unaffiliated with the Company and Private Veea (each, an “Investor”) for the sale of unsecured subordinated convertible
promissory notes (the “September 2024 Notes”) as part of a private placement offering of up to $15.0 million in purchase price
for such September 2024 Notes in the aggregate (the “Financing Closing”). The Company received $[__] million in proceeds from
the issuance of its convertible promissory notes. In addition to a September 2024 Note, each Investor received, as a transfer from NLabs
immediately prior to the Financing Closing, a number of shares of Private Veea’s Series A-1 Preferred Stock that upon the Closing
became a number of registered shares of Common Stock equal to such Investors’ original principal note loan amount under their respective
notes divided by $7.50 (the “Transferred Shares”). 2.0 million Transfer Shares were delivered to Investors at the Financing
Closing. The Note Purchase Agreements include customary registration rights.

<div align='center'>F-11</div>

The Transferred Shares were