Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 212

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 212
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 market value of our “United States real property interests” equals or exceeds 50% of
the sum of the fair market value of our worldwide real property interests plus our other assets used or held for use in a trade or business,
as determined for U.S. federal income tax purposes.

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Possible Constructive Distributions

Depending on the circumstances,
certain adjustments to the warrants may be treated as constructive distributions. An adjustment which has the effect of preventing dilution
pursuant to a bona fide reasonable adjustment formula generally is not taxable. The Non-U.S. Holders of the warrants would, however, be
treated as receiving a constructive distribution from us if, for example, the adjustment increases the warrant holders’ proportionate
interest in our assets or earnings and profits (e.g., through an increase in the number of shares of our common shares that would be obtained
upon exercise or through a decrease to the exercise price) as a result of a taxable distribution of cash or other property to the holders
of shares of our common shares. Any such constructive distribution would generally be taxed as described under “Non-U.S. Holders
— Taxation of Distributions” above, in the same manner as if the Non-U.S. Holders of the warrants received a cash distribution
from us equal to the fair market value of such increased interest resulting from the adjustment.

Information Reporting and Backup Withholding

Dividend payments (including
constructive dividends) with respect to our common shares and proceeds from the sale, exchange or redemption of shares of our common shares
or warrants may be subject to information reporting to the IRS and possible United States backup withholding. Backup withholding
will not apply, however, to payments made to a U.S. Holder who furnishes a correct taxpayer identification number and makes other required
certifications, or who is otherwise exempt from backup withholding and establishes such exempt status. Payments made to a Non-U.S. Holder
generally will not be subject to backup withholding if the Non-U.S. Holder provides certification of its foreign status, under penalties
of perjury, on a duly executed applicable IRS Form W-8 or by otherwise establishing an exemption.

Backup withholding is not an
additional tax. Amounts withheld under the backup withholding rules may be credited against a holder’s U.S. federal income tax liability,
and a holder generally may obtain a refund of any excess amounts withheld by timely filing the appropriate claim for refund with the IRS
and furnishing any required information