Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 2009

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9B
Chunk 2009
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 the extent permitted by governing law, have the sole and absolute authority
to make retroactive adjustments to any cash or equity-based incentive compensation paid to executive officers and certain other officers
where the payment was predicated upon the achievement of certain financial results that were subsequently the subject of a restatement.
Where applicable, the Company will seek to recover any amount determined to have been inappropriately received by the individual executive.

Clawback
Policy

We have adopted a Compensation Recovery Policy in accordance with applicable
Nasdaq rules, a copy of which is filed as the Exhibit 97.1 to this Annual Report. It is generally our policy that the Company will recoup
any incentive compensation erroneously awarded to any current or former executive officers due to material noncompliance with any financial
reporting requirement under applicable securities laws during the three completed fiscal years immediately preceding the date the Company
determines that an accounting restatement is required.

Policies and Practices Related to the Grant
of Certain Equity Awards Close in Time to the Release of Material Non-Public Information

The Company does not maintain a policy on the timing
of awards of options in relation to the disclosure of material nonpublic information. Our board and compensation committee did not take
into account any material nonpublic information in determining the timing of the equity awards made to our NEOs in 2024. We did not time
the disclosure of material nonpublic information for the purpose of affecting the value of our executive compensation in 2024.

Summary
Compensation

We
have also included the material elements of compensation awarded to, earned by or paid to other officers of the company that may be named
executive officers of the Business Combination. Together, these officers are referred to as our “named executive officers”
or “NEOs.”

Other than as set forth in the table and described more fully below,
during the fiscal year ended December 31, 2024, Veea did not pay any fees, make any equity awards or non-equity awards, or pay any other
compensation to the named executive officers. The compensation reported in this summary compensation table below is not necessarily indicative
of how we will compensate our named executive officers in the future. We expect that we will continue to review, evaluate and modify our
compensation framework as a result of becoming a publicly-traded company, and our compensation program following the consummation of the
Business Combination could vary significantly from our historical practices.

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Summary
Compensation Table

    Name and Principal Position