Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 301

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 301
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’s board of directors to grant, indemnity to directors and officers under certain circumstances and subject to certain limitations. The terms of Section 145 of the Delaware General Corporation Law are sufficiently broad to permit indemnification under certain circumstances for liabilities, including reimbursement of expenses incurred, arising under the Securities Act.

As permitted by the Delaware General Corporation Law, the Certificate of Incorporation, contains provisions that eliminate the personal liability of its directors and officers for monetary damages for any breach of fiduciary duties as a director or officer, except liability for the following:

| ● | any                                                                                          
 breach of the director’s or officer’s duty of loyalty to the Registrant or its               
 stockholders;                                                                                |
| ● | acts                                                                                         
 or omissions not in good faith or that involve intentional misconduct or a knowing violation 
 of law;                                                                                      |
| ● | under                                                                                        
 Section 174 of the Delaware General Corporation Law (regarding liability of directors for    
 unlawful dividends and stock purchases); or                                                  |
| ● | any                                                                                          
 transaction from which the director or officer derived an improper personal benefit.         |

In addition, the exculpation provision of the Certificate of Incorporation would not shield officers from liability for claims brought by or in the right of the corporation, such as derivative claims.

As permitted by the Delaware General Corporation Law, the Bylaws provide that:

| ● | the                                                                                            
 Registrant is required to indemnify its directors and officers to the fullest extent permitted 
 by the Delaware General Corporation Law, subject to very limited exceptions;                   |
| ● | the                                                                                            
 Registrant is required to advance expenses, as incurred, to its directors and officers in      
 connection with a legal proceeding to the fullest extent permitted by the Delaware General     
 Corporation Law, subject to limited exceptions; and                                            |
| ● | the                                                                                            
 rights conferred in the Bylaws are not exclusive.                                              |

The Registrant has entered into indemnification agreements with its directors and executive officers, which provide for indemnification and advancements by the Registrant of certain expenses and costs under certain circumstances. At present, there is no pending litigation or proceeding involving a director or executive officer of the Registrant for which indemnification is sought. The indemnification provisions in the Registrant’s Certificate of Incorporation, Bylaws and the indemnification agreements entered into between the Registrant and each of its directors and executive officers may be sufficiently broad to permit indemnification of the Registrant’s directors and executive officers for liabilities arising under the Securities Act.

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