DEMAND PROMISSORY NOTE
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| $250,000 | August 26, 2026 |
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FOR VALUE RECEIVED, VEEA INC., a Delaware corporation (the “Company”), hereby promises to pay to the order of NLabs Inc., a Delaware corporation or such holder’s assigns (“Holder”), the principal sum of TWO HUNDRED AND FIFTY THOUSAND DOLLARS AND NO CENTS ($250,000) (the “Principal Amount”) together with interest thereon from the date hereof to maturity at a simple interest at the rate of ten percent (10%) per annum, calculated on the basis of a 365-day year and actual days elapsed since the issuance of this Demand Promissory Note (this “Note”).
The Principal Amount is due on demand, and in the absence of any demand is due on December 31, 2026. All installments, prepayments, and other payments of principal and interest are payable to Holder in cash in immediately available funds to the account designed by Holder.
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