Company: VEEAW
Filing Date: 2025-01-15
Form Type: 424B3
Source: 0001213900-25-003892
Chunk: 218

Company: VEEA INC.
Filing Date: 2025-01-15
Form: 424B3
Chunk 218
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:------|-----------:|:----|:----------|------------------:|:----|:---------|----------:|:----|:------|-----------:|
|                       |     | Principal |                   |     | Accrued  
 Interest |           |     | Total |            |     | Principal |                   |     | Accrued  
 Interest |           |     | Total |            |
| NLabs Bridge Notes    |     | $         |         9,500,000 |     | $        | 1,957,863 |     | $     | 11,457,863 |     | $         |         9,500,000 |     | $        | 1,007,863 |     | $     | 10,507,863 |
| NLabs Promissory Note |     |           |         3,098,000 |     |          |   295,644 |     |       |  3,393,644 |     |           |           850,000 |     |          |     5,356 |     |       |    855,356 |
|                       |     | $         |        12,598,000 |     | $        | 2,253,507 |     | $     | 14,851,507 |     | $         |        10,350,000 |     | $        | 1,013,219 |     | $     | 11,363,219 |

In 2021 and 2022, NLabs
made loans to the Company evidenced by promissory notes aggregating $9,500,000 (the “Bridge Notes”). The Bridge Notes bear
interest on the outstanding principal at a rate of 10% per annum, calculated on the basis of a 365-day year. Principal and accrued interest
are payable on the maturity date of the Notes. The original maturity date of the Bridge Notes was December 31, 2022, which was extended
to December 31, 2023. The maturity date of the Bridge Notes was extended to June 30, 2024. Refer to Note 17 - Subsequent Events.The
Company accounted for the extension as a modification of the Bridge Notes. The unpaid principal amount and accrued unpaid interest on
the Bridge Notes are due and payable upon the date of the first to occur of: (i) the maturity date and (ii) the consummation of a debt
or