Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 185

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 185
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y) the fair market value. For these purposes (i) if the rights offering is for securities convertible into
or exercisable for shares of the common stock, in determining the price payable for the common stock, there will be taken into account
any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) fair market
value means the volume weighted average price of shares of the common stock as reported during the ten (10) trading day period ending
on the trading day prior to the first date on which the common stock trade on the applicable exchange or in the applicable market, regular
way, without the right to receive such rights.

In addition, if we, at any
time while the public warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets
to the holders of the common stock on account of such the common stock (or other securities into which the public warrants are convertible),
other than (a) as described above or (b) certain ordinary cash dividends, then the public warrant exercise price will be decreased, effective
immediately after the effective date of such event, by the amount of cash and/or the fair market value of any securities or other assets
paid on each share of the common stock in respect of such event.

<div align='center'>107</div>

If the number of outstanding
shares of the common stock is decreased by a consolidation, combination, reverse share split or reclassification of common stock or other
similar event, then, on the effective date of such consolidation, combination, reverse share split, reclassification or similar event,
the number of shares of common stock issuable on exercise of each public warrant will be decreased in proportion to such decrease in
outstanding shares of common stock.

Whenever the number of shares
of the common stock purchasable upon the exercise of the public warrants is adjusted, as described above, the public warrant exercise
price will be adjusted by multiplying the warrant exercise price immediately prior to such adjustment by a fraction (x) the numerator
of which will be the number of shares of the common stock purchasable upon the exercise of the public warrants immediately prior to such
adjustment, and (y) the denominator of which will be the number of shares of the common stock so purchasable immediately thereafter.

In case of any reclassification
or reorganization of the outstanding the common stock (other than those described above or that solely affects the par value of such
the common