Company: VEEAW
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001213900-25-002716
Chunk: 76

Company: VEEA INC.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 76
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or Bylaws, or (iv) any action, suit or proceeding asserting a claim against Veea, its current or former directors, officers, employees,
agents or stockholders governed by the internal affairs doctrine. The foregoing provisions will not apply to any claims as to which the
Delaware Court of Chancery determines that there is an indispensable party not subject to the jurisdiction of such court, which is rested
in the exclusive jurisdiction of a court or forum other than such court (including claims arising under the Exchange Act), or for which
such court does not have subject matter jurisdiction, or to any claims arising under the Securities Act and, unless Veea consents in
writing to the selection of an alternative forum, the United States District Court for the District of Delaware will be the sole and
exclusive forum for resolving any action asserting a claim arising under the Securities Act.

Section 22 of the Securities
Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the
Securities Act or 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