Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 160

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 160
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 Mr. 
 Salmasi’s spouse and options to purchase 2,992,475 shares of common stock.                |

| 3) | Includes options to purchase 57,124 shares. |

| 4) | Includes option to purchase 19,000 shares. |

| 5) | Includes options to purchase 68,924 shares. |

| 6) | Includes options to purchase 19,619 shares. |

| 7) | Includes 20,000 shares issuable upon conversion of the September 2024 
 Note.                                                                 |

| 8) | Includes 985,277 shares issuable upon exercise of SPAC Private Placement 
 Warrants.                                                                |

| 9) | Includes 973,358 shares issuable upon exercise of SPAC Private Placement 
 Warrants.                                                                |

| 10) | Includes 1,517,644 shares issuable upon exercise of SPAC Private Placement 
 Warrants.                                                                  |

<div align='center'>CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</div>

Certain Relationships and Related Person Transactions of Veea

Lease Arrangements

On March 1, 2014, Private
Veea entered into a sublease agreement with NLabs Inc., an affiliate of Private Veea’s CEO for office space for an initial term
of five years. In 2018, Private Veea renewed the sublease for an additional five-year term with all other terms and conditions of the
sublease remaining the same. The renewal term expired February 28, 2024 and was subsequently extended to December 31, 2025. Rent
for the office space is accrued and not paid in cash. The Company recognized rent expense of $61,200 for each of the three months ended
March 31, 2025 and 2024, which was classified as general and administrative expenses in the Company’s condensed consolidated statements
of operations and comprehensive income (loss). Accrued and unpaid rent expense included in the Company’s condensed consolidated
balance sheets was $1,774,800 as of March 31, 2025 and $1,713,600 as of December 31, 2024.

In April 2017, Private Veea
entered into a lease agreement with 83 Street LLC to lease office space for an initial term of two years. The sole
member of 83 Street LLC is the Salmasi 2004 Trust. At December 31, 2024, the Sal