Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 247

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 247
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     1,000 |     |         |     |         |         |     |         |     1,000 |
| Earn-out share liability          |     |       | 5,030,000 |     |         |     |         |         |     |         | 5,030,000 |
| Total                             |     | $     | 5,451,497 |     | $       |     | $       | 420,497 |     | $       | 5,031,000 |

| December 31, 2024                 |     | Total |            |     | Level 1 |   |     | Level 2 |         |     | Level 3 |            |
|:----------------------------------|:----|:------|-----------:|:----|:--------|:--|:----|:--------|--------:|:----|:--------|-----------:|
| Assets                            |     |       |            |     |         |   |     |         |         |     |         |            |
| Money Market Funds                |     | $     |          - |     | $       | - |     | $       |       - |     | $       |          - |
| Liabilities                       |     |       |            |     |         |   |     |         |         |     |         |            |
| Private warrant liability         |     |       |    840,995 |     |         | - |     |         | 840,995 |     |         |          - |
| Convertible note option liability |     |       |     60,000 |     |         | - |     |         |       - |     |         |     60,000 |
| Earn-out Share Liability          |     |       | 15,560,000 |     |         | - |     |         |       - |     |         | 15,560,000 |
| Total                             |     | $     | 16,460,995 |     | $       | - |     | $       | 840,995 |     | $       | 15,620,000 |

Convertible Note Option Liability

The Company established the initial
fair value for the convertible note option liability as of September 13, 2024, which was the date the Convertible Note was executed. As
of March 31, 2025, the fair value was remeasured using an option pricing model.