Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 268

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 268
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 include
post-sales support and repairs or replacement of a product at no additional charge for a specified period of time. The Company engages
in product quality programs and processes, including actively monitoring and evaluating the quality of its component suppliers. The estimated
warranty obligation is based on contractual warranty terms, repair costs, current period product shipments and product failure rates.
Warranty terms are generally limited to twelve months.

Indemnifications

In the normal course of business,
the Company has indemnification obligations to other parties, including customers, lessors, and parties to other transactions with us,
with respect to certain matters. The Company has agreed to indemnify against losses arising from a breach of representations or covenants
or out of intellectual property infringement or other claims made against certain parties. These agreements may limit the time or circumstances
within which an indemnification claim can be made and the amount of the claim.

It is not possible to determine the
maximum potential amount for claims made under the indemnification obligations due to uncertainties in the litigation process, coordination
with and contributions by other parties and the defendants in these types of cases, and the unique facts and circumstances involved in
each particular case and agreement. To date, the Company has made no indemnity payments. In addition, the Company has entered into indemnification
agreements with its officers and directors, and its Amended and Restated Bylaws contain similar indemnification obligations to its agents.

<div align='center'>F-62

Veea Inc. and Subsidiaries

Notes to the Condensed Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023</div>

Litigation

In the normal course of business,
the Company may become involved in various lawsuits and legal proceedings. While the ultimate results of these matters cannot be predicted
with certainty, management does not expect them to have a material adverse effect on the financial position or results of operations
of the Company.

Other Commitments

In connection with the Business Combination
transaction, Veea agreed to pay certain legal expenses contingent upon the closing of the Business Combination. As of September 30, 2024,
the amount of the deferred fees totaled approximately $1,750,000.

13 - FAIR VALUE MEASUREMENTS

Recurring Fair Value Measurements

The Company’s initial value
of the warrant liability was based on a valuation model utilizing management judgment and pricing inputs from observable and unobservable
markets with less volume and transaction frequency than active markets and classified as