Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 168

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 168
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 the occurrence of which automatically
trigger the unpaid principal balance of the Burns Note and all other sums payable with regard to the Burns Note becoming immediately
due and payable. On September 11, 2024 the Burns Note was amended to provide that upon consummation of the Business Combination, the
outstanding principal balance would convert into common stock of the Company in an amount of shares equal to the outstanding principal
balance divided by $5.00 per share.

On March 16, 2023, Plum issued
an unsecured promissory note in the total principal amount of up to $250,000 (the “Roy Note”) to Mr. Kanishka
Roy, individually and as a member of Plum Sponsor. Mr. Roy funded the initial principal amount of $250,000 on March 16, 2023. The Roy
Note did not bear interest and matured upon the consummation of Plum’s initial business combination with one or more businesses
or entities. In the event Plum did not consummate a business combination, the Roy Note would be repaid upon Plum’s liquidation
only from amounts remaining outside of Plum’s trust account, if any. The Roy Note was subject to customary events of default, the
occurrence of which automatically trigger the unpaid principal balance of the Roy Note and all other sums payable with regard to the
Roy Note becoming immediately due and payable. On September 11, 2024 the Roy Note was amended to provided that upon consummation of the
Business Combination, the outstanding principal balance would convert into common stock of the Company in an amount of shares equal to
the outstanding principal balance divided by $5.00 per share.

<div align='center'>97</div>

Administrative Support Agreement

Plum entered into certain
administrative support agreement, pursuant to which Plum paid the Plum Sponsor or an affiliate of the Plum Sponsor for office space,
secretarial and administrative services provided to members of the management team. In addition, Plum reimbursed the Plum Sponsor for
the reasonable costs of salaries and other services provided to Plum by the employees, consultants and or members of the Plum Sponsor
or its affiliates. For the year ended December 31, 2023, Plum incurred $120,000 in fees for office space, secretarial and administrative
services and $215,094 in fees for reimbursement of costs of salaries. Pursuant to its terms, the Administrative Support Agreement terminated
upon the Closing of the Business Combination.

Certain Relationships and Related Person Transactions of the