Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 78

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 78
---
 the Company may exercise its right to sell its Common Stock. The
Company may deliver a Regular Purchase Notice (as such term is defined in the ELOC Purchase Agreement), pursuant to which the Company
can require White Lion to purchase shares of Common Stock and opt for the purchase price per share to be (i) 98% of the lowest daily
VWAP during the three consecutive business days after notice is delivered (“Regular Purchase Price Option 1”) or (ii) 96.5%
of the daily VWAP on the day notice is delivered (“Regular Purchase Price Option 2”). The number of shares that the Company
can require White Lion to purchase pursuant to a Regular Purchase Notice is subject to a limit of the lesser of:

| ● | $2.0 million divided                                                                          
 by the closing sale price of the Common Stock on the day prior to the day notice is delivered 
 (the “Fixed Limit”);                                                                          |

| ● | 100% of Average                                                                            
 Daily Trading Volume (as such term is defined in the ELOC Purchase Agreement) for Regular  
 Purchase Price Option 1, or 50% of Average Daily Trading Volume for Regular Purchase Price 
 Option 2; and                                                                              |

| ● | a dollar amount                                                                           
 equal to the quotient of (x) the product of (i) the Average Daily Trading Volume prior to 
 the effectiveness of the Registration Statement (the “Effective Date”), (ii)              
 the closing price on the Effective Date and (iii) 100% for Regular Purchase Price Option  
 1 and 50% for Regular Purchase Price Option 2 and (y) the closing price on the day prior  
 to the day notice is delivered.                                                           |

The Company may also deliver
a Rapid Purchase Notice (as such term is defined in the ELOC Purchase Agreement), pursuant to which the Company may require White Lion
to purchase shares of Common Stock at a purchase price per share equal to the lowest traded price of the Common Stock on the date that
the notice is delivered. The number of shares that the Company can require White Lion to purchase pursuant to a Rapid Purchase Notice
is subject to the Fixed Limit.

No purchase notice shall
result in White Lion beneficially owning (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended,
and Rule 13d-3 thereunder) more than 4.99% (subject to increase, in the sole discretion of White Lion, to 9.99%) of the number