Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 35

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 35
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 correct the product or service to conform to the warranty provision as set forth in the applicable agreement,
or, if Veea is unable to do so, the customer is entitled to seek a refund of the purchase price of the product and service (generally
prorated over the contract term). The sale and support of Veea’s products also entail the risk of product liability claims. Veea
maintains insurance to protect against certain claims associated with the use of its products, but its insurance coverage may not adequately
cover any claim asserted against us. In addition, even claims that ultimately are unsuccessful could result in Veea’s expenditure
of funds in litigation and divert management’s time and other resources.

In addition, Veea’s
platforms integrate a wide variety of other elements, and Veea’s platforms must successfully interoperate with products from other
vendors and its customers’ internally developed software. As a result, when problems occur for a customer using Veea’s platforms,
it may be difficult to identify the sources of these problems, and Veea may receive blame for a security, access control, or other compliance
breach that was the result of the failure of one of the other elements in a customer’s or another vendor’s information technology,
security, or compliance infrastructure. The occurrence of software or errors in data, whether or not caused by Veea’s platforms,
could delay or reduce market acceptance of Veea’s platforms and have an adverse effect on Veea’s business and financial performance,
and any necessary revisions may cause Veea to incur significant expenses. The occurrence of any such problems could harm Veea’s
business, financial condition, and results of operations. If an actual or perceived breach of information correctness, auditability,
integrity, or availability occurs in one of our customers’ systems, regardless of whether the breach is attributable to Veea’s
platforms, the market perception of the effectiveness of Veea’s platforms could be harmed. Alleviating any of these problems could
require additional significant expenditures of Veea’s capital and other resources and could cause interruptions, delays, or cessation
of Veea’s product licensing, which could cause Veea to lose existing or potential customers and could adversely affect Veea’s
business, financial condition, results of operations, and growth prospects.

A product failure could expose
Veea to damages (including consequential damages or strict liability) if used in certain critical usage situations (e.g., monitoring
a critical system like a transportation control system or water level control use case). Veea