Company: VEEAW
Filing Date: 2025-08-14
Form Type: 424B4
Source: 0001213900-25-076086
Chunk: 276

Company: VEEA INC.
Filing Date: 2025-08-14
Form: 424B4
Chunk 276
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which depends on a variety of factors including, among other things, market conditions, the trading price of the Company’s common
stock, and determinations by the Company as to appropriate sources of funding for its business and operations. However, White Lion’s
obligation to purchase shares is subject to certain conditions, including the daily trading volume of the Company’s stock. In all
instances, the Company may not sell shares of its common stock under the Purchase Agreement if it would result in White Lion and its affiliate
beneficially owning more than 4.99% of its outstanding voting power or shares of common stock at any one point in time, or the aggregate
number of shares of common stock would not exceed 19.99% of the voting power of the issued and outstanding common stock.

<div align='center'>F-48

Veea Inc. and Subsidiaries
Notes to the Consolidated Financial Statements
For the Years ended December 31, 2024 and 2023</div>

10 - STOCK INCENTIVE PLANS

In September 2014, the Private Veea’s Board of Directors adopted the Max2 Inc. Equity Incentive Plan (“2014 Plan”). Upon adoption of the 2014 Plan, the aggregate number of shares of common stock reserved for awards under the Plan were 1,250,000. In September 2018, Private Veea’s Board of Directors adopted the Veea Inc. 2018 Equity Incentive Plan (“2018 Plan” and collectively with the 2014 Plan, the “Private Veea Plans”). Upon adoption of the 2018 Plan, 4,900,000 shares of the Company’s common stock were reserved for the issuance of incentive awards. In January 2021, the 2018 Plan was amended to increase the total number of authorized shares reserved for issuance to 12,492,910. Under the Private Veea Plans, option awards were generally granted with an exercise price equal to the fair market value of the Company’s stock at the date of grant; those option awards generally vested with a range of one to four years of continuous service and had ten-year contractual terms. Certain option awards provided for accelerated vesting if there was a change in control, as defined in the Private Veea Plans. The Private Veea Plans also permitted the granting of restricted stock and other stock-based awards. Unexercised options were cancelled upon termination of employment and became available for reissuance under the Private Veea Plans