Company: VEEAW
Filing Date: 2025-07-07
Form Type: DRS
Source: 0001213900-25-061586
Chunk: 204

Company: VEEA INC.
Filing Date: 2025-07-07
Form: DRS
Chunk 204
---
 OUR SECURITIES. EACH PROSPECTIVE
INVESTOR IN OUR SECURITIES IS URGED TO CONSULT ITS OWN TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO SUCH INVESTOR OF
THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES, INCLUDING THE APPLICABILITY AND EFFECT OF ANY STATE, LOCAL, AND NON-UNITED
STATES TAX LAWS.

<div align='center'>119</div>

Treatment of Pre-Funded Warrants

Although it is not entirely
free from doubt, applicable authority indicates that, and we intend to take the position that, the Pre-Funded Warrants should be treated
as a separate class of our common shares for U.S. federal income tax purposes and a U.S. Holder of Pre-Funded Warrants should generally
be taxed in the same manner as a holder of common shares except as described below. Accordingly, no gain or loss should be recognized
upon the exercise of a Pre-Funded Warrant and, upon exercise, the holding period of the common shares received upon exercise of the Pre-Funded
Warrant should include the holding period of the a Pre-Funded Aarrant. The tax basis of the Pre-Funded Warrant should carry over to the
common shares received upon exercise, increased by the exercise price of $0.001 per share. However, such characterization is not binding
on the IRS, and the IRS may treat the Pre-Funded Warrants as warrants to acquire common shares. If so, the amount and character of a U.S.
Holder’s gain with respect to an investment in Pre-Funded Warrants could change. Accordingly, each U.S. Holder should consult its
own tax advisor regarding the risks associated with the acquisition of a Pre-Funded Warrant pursuant to this prospectus (including potential
alternative characterizations). The balance of this discussion generally assumes that the characterization described above is respected
for U.S. federal income tax purposes.

U.S. Federal Income Tax Consequences of the Acquisition of a Combination of Common Share or Pre-Funded Warrant and Common Warrant

The purchase price for each
combination of a common share and a common warrant will be allocated between these two components in proportion to their relative fair
market values at the time such securities are purchased by the U.S. Holder. This allocation of the purchase price for each such combination
will establish a U.S. Holder’s initial tax basis for U.S. federal income tax purposes in the