Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 284

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 284
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 Securities Act claims. To prevent having to litigate claims in multiple jurisdictions and the threat of inconsistent or
contrary rulings by different courts, among other considerations, Veea’s Charter provides that, unless Veea consents in writing
to the selection of an alternative forum, United States District Court for the District of Delaware shall be the exclusive forum for
the resolution of any complaint asserting a cause of action arising under the Securities Act. There is uncertainty as to whether a court
would enforce the forum provision with respect to claims under the federal securities laws.

This
choice of forum provision in the Charter may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable
for disputes with Veea or any of Veea’s directors, officers, or other employees, which may discourage lawsuits with respect to
such claims. There is uncertainty as to whether a court would enforce such provisions, and the enforceability of similar choice of forum
provisions in other companies’ charter documents has been challenged in legal proceedings. It is possible that a court could find
these types of provisions to be inapplicable or unenforceable, and if a court were to find the choice of forum provision contained in
the Charter to be inapplicable or unenforceable in an action, Veea may incur additional costs associated with resolving such action in
other jurisdictions, which could harm Veea’s business, results of operations and financial condition. Furthermore, investors cannot
waive compliance with the federal securities laws and rules and regulations thereunder.

The
Charter provides for indemnification of officers and directors of Veea at Veea’s expense, which may result in a significant cost
to Veea and hurt the interests of its stockholders because corporate resources may be expended for the benefit of officers and/or directors.

The
Charter and applicable Delaware law provide for the indemnification of Veea’s directors and officers, under certain circumstances,
against any liability, action, proceeding, claim, demand, costs, damages or expenses, including legal expenses, whatsoever which they
or any of them may incur as a result of any act or failure to act in carrying out their functions in connection with Veea, other than
such liability (if any) that they may incur by reason of their own actual fraud, dishonesty, willful neglect or willful default. Veea
will also bear the expenses of such litigation for any of its directors or officers, upon such person’s undertaking to repay any
amounts paid, advanced