Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 105

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 105
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 Shares to a brokerage account and/or to be held by DTC or another nominee (a “Brokerage Transfer”).
If the Investor provides such notice or otherwise has any Transferred Shares subject to a Brokerage Transfer within 6 months after the
Closing, a portion of the outstanding obligations under such Investor’s Note will automatically convert into a number of Conversion
Shares equal to the number of Transferred Shares subject to such Brokerage Transfer, and the lock-up period for such Conversion Shares
will be extended for an additional 6 months to 12 months after the Financing Closing.

The Note Purchase Agreements
include customary registration rights.

Equity Line of Credit

On November 15, 2024, the Company
and White Lion signed a term sheet providing for the issuance by the Company to White Lion of up to $25 million of shares of the Company’s
common stock. The Company anticipates closing the transactions contemplated by the term sheet on or about November 20, 2004. At the closing,
the Company and White Lion will enter into a common stock purchase agreement (the “Common Stock Purchase Agreement”) and
related registration rights agreement. Pursuant to the Common Stock Purchase Agreement, the Company has the right to sell to White Lion
up to the lesser of (i) 25,000,000 shares of common stock (“ELOC Shares) and (ii) the Purchase Notice Limit (as defined in the
Common Stock Purchase Agreement), subject to certain limitations and conditions set forth in the Common Stock Purchase Agreement. The
Company expects to utilize proceeds from the Common Stock Purchase Agreement for working capital and other general corporate purposes.
Subject to the terms of the Common Stock Purchase Agreement, the Company will have the right from time to time at its sole discretion
until the 24th month following signing of the Common Stock Purchase Agreement, to direct White Lion to purchase up to a specified maximum
number of shares of common stock as set forth in the Common Stock Purchase Agreement by delivering written notice to White Lion prior
to the commencement of trading on any trading day. The Company will control the timing and amount of any sales of the common stock to
White Lion. Actual sales of shares to White Lion under the Common Stock Purchase Agreement will depend on a variety of factors to be
determined by the Company from time to time, including, among other things, market conditions, and the trading price of the common stock.

The Company and White Lion executed definitive agreements
for the equity line of credit on December 2, 202