Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002701
Chunk: 77

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 77
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 the
rules or regulations thereunder. Accordingly, both state and federal courts have jurisdiction to entertain such Securities Act claims.
To prevent having to litigate claims in multiple jurisdictions and the threat of inconsistent or contrary rulings by different courts,
among other considerations, Veea’s Charter provides that, unless Veea consents in writing to the selection of an alternative forum,
United States District Court for the District of Delaware shall be the exclusive forum for the resolution of any complaint asserting a
cause of action arising under the Securities Act. There is uncertainty as to whether a court would enforce the forum provision with respect
to claims under the federal securities laws.

This choice of forum provision in the Charter
may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with Veea or any of
Veea’s directors, officers, or other employees, which may discourage lawsuits with respect to such claims. There is uncertainty
as to whether a court would enforce such provisions, and the enforceability of similar choice of forum provisions in other companies’
charter documents has been challenged in legal proceedings. It is possible that a court could find these types of provisions to be inapplicable
or unenforceable, and if a court were to find the choice of forum provision contained in the Charter to be inapplicable or unenforceable
in an action, Veea may incur additional costs associated with resolving such action in other jurisdictions, which could harm Veea’s
business, results of operations and financial condition. Furthermore, investors cannot waive compliance with the federal securities laws
and rules and regulations thereunder.

The Charter provides for indemnification of officers and directors of Veea at Veea’s expense, which may result in a significant cost to Veea and hurt the interests of its stockholders because corporate resources may be expended for the benefit of officers and/or directors.

The Charter and applicable Delaware law provide
for the indemnification of Veea’s directors and officers, under certain circumstances, against any liability, action, proceeding,
claim, demand, costs, damages or expenses, including legal expenses, whatsoever which they or any of them may incur as a result of any
act or failure to act in carrying out their functions in connection with Veea, other than such liability (if any) that they may incur
by reason of their own actual fraud, dishonesty, willful neglect or willful default. Veea will also bear the expenses of such litigation
for any of its directors or officers, upon such