Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 79

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 79
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 of shares
of Common Stock outstanding immediately prior to the issuance of Common Stock issuable pursuant to a purchase notice.

The Company has the right
to terminate the ELOC Purchase Agreement in the event of a material breach of the ELOC Purchase Agreement by White Lion. The ELOC Purchase
Agreement also automatically terminates upon the earlier of (i) the end of the Commitment Period and (ii) the date that the Company commences
a voluntary bankruptcy proceeding, a custodian is appointed for the Company or for all or substantially all of its property, or the Company
makes a general assignment for the benefit of its creditors.

In consideration for the
commitments of White Lion, as described above, the Company has agreed that it will issue to White Lion an amount of Common Stock equal
to $25,000 divided by the average VWAP of the Common Stock 10 days prior to the the earlier of (i) the business day prior to the effectiveness
of the Registration Statement or (ii) the business day prior to the date that White Lion delivers a written request to the Company for
such shares (the “Commitment Shares”). The Commitment Shares will be fully earned by White Lion regardless of termination
of the ELOC Purchase Agreement.

<div align='center'>36</div>

Concurrently with the ELOC
Purchase Agreement, the Company entered into the RRA with White Lion, pursuant to which the Company agreed to file, within 30 days following
the execution of the ELOC Purchase Agreement, the Registration Statement with the SEC covering the resale by White Lion of the number
of shares determined appropriate by the Company and permitted to be included therein in accordance with applicable SEC rules, regulations
and interpretations and the Commitment Shares. The RRA also contains usual and customary damages provisions for failure to file and failure
to have the Registration Statement declared effective by the SEC within the time periods specified therein.

The ELOC Purchase Agreement
and the RRA contain customary representations, warranties, conditions and indemnification obligations of the parties. The representations,
warranties and covenants contained in such agreements were made only for purposes of such agreements and as of specific dates, were solely
for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties.

Effect of Sales of our Common Stock under the ELOC Purchase Agreements on our Stockholders

The Common Stock being registered for resale in this offering may be issued and sold by us to the selling stockholder from time to time at our