Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 211

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 211
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or Other Taxable Disposition of Common Shares and Warrants.” The U.S. federal income tax treatment for a Non-U.S. Holder of a redemption
of warrants for cash (or if we purchase warrants in an open market transaction) would be similar to that described below in “Non-U.S.
Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Our Common Shares and Common Warrants.”

Gain on Sale, Taxable Exchange or Other Taxable Disposition of Our Common Shares and Common Warrants

Subject to the discussion of
FATCA and backup withholding below, a Non-U.S. Holder generally will not be subject to U.S. federal income or withholding tax in respect
of gain recognized on a sale, taxable exchange or other taxable disposition of our common shares (including upon a dissolution and liquidation
if we do not complete an initial business combination within the required time period) or warrants (including an expiration or redemption
of our warrants), unless:

| ● | the gain is effectively connected with the conduct of a trade                                                                       
 or business by the Non-U.S. Holder within the United States (and, under certain income tax treaties, is attributable to a permanent 
 establishment or fixed base maintained by the Non-U.S. Holder in the United States); or                                             |

Unless an applicable treaty
provides otherwise, gain described in the first bullet point above will generally be subject to tax at the applicable U.S. federal income
tax rates as if the Non-U.S. Holder were a U.S. resident. Any gains described in the first bullet point above of a Non-U.S. Holder that
is a foreign corporation may also be subject to an additional “branch profits tax” at a 30% rate (or lower treaty rate).

If the second bullet point
above applies to a Non-U.S. Holder, gain recognized by such holder on the sale, exchange or other disposition of our common shares or
warrants will generally be subject to tax at applicable U.S. federal income tax rates as if the Non-U.S. Holder were a U.S. resident.
In addition, a buyer of our common shares or warrants from such holder may be required to withhold U.S. federal income tax at a rate of
15% of the amount realized upon such disposition. We cannot determine whether we will be a United States real property holding corporation
in the future until we complete an initial business combination. In general, we would be classified as a United States real property
holding corporation if the fair