Veea borrows $1.65M from CEO affiliate NLabs via 10% demand notes due Dec 31, 2026

VEEA INC.

NLabs Inc, a principal stockholder and affiliate of Veea's CEO, made unsecured loans totaling $1.65M on September 29, 2026, split into $500,000, $500,000, $500,000 and $150,000 notes.
Interest accrues at a 10% annual rate on a 365-day year, actual days elapsed; principal and interest are payable on the earlier of December 31, 2026 or demand by NLabs.
Veea may prepay the notes in whole or in part without penalty at any time; proceeds are for working capital purposes.
The notes are evidenced by a form of Demand Promissory Note attached as Exhibit 4.1; filing signed by Greg Deisher, Acting CFO and COO.

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