Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 166

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 166
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 of up to $1,500,000 to Plum Sponsor, which may be drawn down by Plum from time to time prior to the consummation of Plum’s
business combination. An initial draw in the amount of $480,000 occurred on March 17, 2023. The March 2023 Note did not bear interest,
matured on the date of consummation of the Business Combination and was subject to customary events of default. The March 2023 Note would
be repaid only to the extent that Plum had funds available to it outside of its Plum IPO Trust Account established in connection with
its Plum IPO, and is convertible into the SPAC Private Placement Warrants at a price of $1.50 per warrant at the option of the Plum Sponsor.

On July 25, 2023, Plum
issued an unsecured promissory note (the “July 2023 Note”), in the principal amount of up to $1,090,000, to
Plum Sponsor, which may be drawn down by Plum from time to time prior to the consummation of Plum’s Business Combination. The July
2023 Note did not bear interest, matured on the date of consummation of the Business Combination and was subject to customary events
of default. The July 2023 Note would be repaid only to the extent that Plum had funds available to it outside of its trust account established
in connection with its Initial Public Offering and was convertible into the SPAC Private Placement Warrants at a price of $1.50 per warrant
at the option of the Plum Sponsor.

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On September 11, 2024 the
Company entered into an amendment to the SPAC 2021 Note where, upon consummation of a business combination, the outstanding principal
balance in excess of $250,000 were converted into shares of common stock of the Company in an amount of shares equal to the outstanding
principal balance divided by $5.00 per share.

On January 31, 2022, Plum
issued an unsecured promissory note (the “Dinsdale Note”) in the principal amount of $500,000 to Mike Dinsdale.
The Dinsdale Note did not bear interest and was repayable in full upon consummation of a Business Combination. Plum could draw on the
Dinsdale Note from time to time, in increments of not less than $50,000, until the earlier of March