Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003888
Chunk: 205

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 205
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 dividends, rights of redemption and voting rights, or increase the authorized number of shares of any series of Preferred Stock or
increase the authorized number of shares of any additional class or series of capital stock unless the same ranks junior to or pari passuwith the Preferred Stock with respect to the distribution of assets on the liquidation, dissolution or winding up of the Company,
the payment of dividends, rights of redemption and voting rights, or reclassify, alter or amend any existing class or series of capital
stock that is junior to, or pari passuwith, the Preferred Stock; or (iv) purchase or redeem (or permit any subsidiary to
purchase or redeem) or pay or declare any dividend or make any distribution on, any shares of capital stock of the Company other than
(i) redemptions of or dividends or distributions on the Preferred Stock as expressly authorized in the Certificate of Incorporation,
(ii) repurchases of stock from former employees, officers, directors, consultants or other persons who performed services for the
Company or any subsidiary pursuant to written agreements giving the Company the right to repurchase such security in connection with
the cessation of such employment or service at the lower of the original purchase price or the then-current fair market value thereof
or (iv) as approved by the board of directors of the Company.

<div align='center'>F-24

Veea Inc. and Subsidiaries
Notes to Consolidated Financial Statements
Years Ended December 31, 2023 and 2022</div>

8 - STOCKHOLDERS’ EQUITY (cont.)

Holders of the Company’s
Preferred Stock are parties to a stockholders’ agreement that contains customary provisions relating to the right of certain stockholders
to delegate members to the board of directors of the Company, restrictions on transfer, rights of first refusal on equity issuance by
the Company and “drag-along rights” granted to the Company.

9 - STOCK-BASED COMPENSATION

The Company maintains two
equity incentive plans under which employees, nonemployee directors and consultants of the Company, its affiliates and/or subsidiaries
may be offered the opportunity to acquire shares of the Company’s common stock.

2014 Equity Incentive Plan

On September 1, 2014,
the Company’s Board of Directors adopted the Max Inc. Equity Incentive Plan (“2014 Plan”). Upon adoption
of the 2014 Plan, the aggregate number of shares of Common Stock reserved for awards under the Plan were 1,250,000