Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1907

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9A
Chunk 1907
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December 2021, the Company issued warrants to purchase 630,000 shares of common stock in connection with the Bridge Notes issued
to NLabs (the “Tranche 1 Bridge Note Warrants”). The exercise price of the warrants is $.01 per share. The warrants are exercisable
for a period of seven years. The warrants were equity classified and had a relative fair value of $499,416 on the date of grant which
was recognized as original issue discount on the Bridge Notes in the year ended December 31, 2021.

In
2022, the Company issued warrants to purchase 320,000 shares of common stock in connection with the Bridge Notes issued to NLabs
(the “Tranche 2 Bridge Note Warrants” and collectively with the Loan Guarantee Warrants and the Tranche 1 Bridge Note Warrants,
the “Related Party Common Stock Warrants”). The exercise price of the warrants is $.01 per share. The warrants are exercisable
for a period of seven years. The warrants were equity classified and had a fair value of approximately $253,816 on the date of grant
which was recognized as original issue discount on the Bridge Notes in the year ended December 31, 2022.

At Closing, the Related Party Common Stock Warrants were exercised
in whole, on a net basis, for 3,880,000 shares of common stock of Private Veea at a conversion price of $0.01 per share for an aggregate
purchase price of $38,800. A total of 21,798 shares of Common Stock were surrendered in payment of the purchase price.

Indemnification
Agreements

Our
corporate governance documents provide that we will indemnify our directors and officers to the fullest extent permitted by Delaware
law, subject to certain exceptions contained in our restated certificate of incorporation. We have also entered into indemnification
agreements with certain officers and directors. These agreements provide, among other things, that the Company will indemnify the officer
or director, under the circumstances and to the extent provided for in the agreement, for expenses, damages, judgments, fines and settlements
they may be required to pay in actions or proceedings which they are or may be made a party by reason of their position as a director,
officer or other agent of the Company, and otherwise to the fullest extent permitted under Delaware law and our bylaws.

79

Certain
Pre-Business Combination Relationships and Related Person Transactions of Plum

Founder
Shares

On