Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 213

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 213
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 shares reserved for issuance to .

<div align='center'>F-25

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

9 - STOCK-BASED COMPENSATION(cont.)

|                                                    |     | 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                     |     |             | 7,048,675 |   |     | $        | 0.54 |     |             | 7.52 |     | $         | 2,332,498 |
| Granted                                            |     |             | 1,286,641 |   |     |          | 0.59 |     |             |      |     |           |           |
| Exercised                                          |     |             |         - |   |     |          |    - |     |             |      |     |           |           |
| Forfeited or cancelled                             |     |             |  (997,723 | ) |     |          | 0.54 |     |             |      |     |           |           |
| Balances as of December 31, 2022                   |     |             | 7,337,593 |   |     |          | 0.55 |     |             | 6.82 |     |           | 1,278,419 |
| Granted                                            |     |             |   152,800 |   |     |          | 0.59 |     |             |      |     |           |           |
| Exercised                                          |     |             |         - |   |     |          |    - |     |             |      |     |           |           |
| Forfeited or cancelled                             |     |             |  (446,144 | ) |     |          | 0.56 |     |             |      |     |           |           |
| Balances