Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 165

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 165
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<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83</div>

The numbers in the table below represent the number of shares of common stock that a warrant holder will receive upon exercise in connection with a redemption by us pursuant to this redemption feature, based on the “fair market value” of the common stock on the corresponding redemption date (assuming holders elect to exercise their warrants and such warrants are not redeemed for $0.10 per warrant), determined based on volume weighted average price of the shares of common stock as reported during the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants, and the number of months that the corresponding redemption date precedes the expiration date of the warrants, each as set forth in the table below.

The share prices set forth in the column headings of the table below will be adjusted as of any date on which the number of shares of common stock issuable upon exercise of a warrant is adjusted as set forth below in the first three paragraphs discussing anti-dilution adjustments. The adjusted share prices in the column headings will equal the share prices immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the number of shares deliverable upon exercise of a warrant immediately prior to such adjustment and the denominator of which is the number of shares deliverable upon exercise of a warrant as so adjusted. The number of shares in the table below shall be adjusted in the same manner and at the same time as the number of shares issuable upon exercise of a warrant.

|                                    |     | Fair                         
 Market Value of Common Stock |       |     |    |       |     |    |       |     |    |       |     |    |       |     |    |       |     |    |       |     |    |       |     |        |       |
| Redemption                         
 Date                               
 (period to expiration of warrants) |     | ≤10.00                       |       |     | 11 |       |     | 12 |       |     | 13 |       |     | 14 |       |     | 15 |       |     | 16 |       |     | 17 |       |     | ≥18.00 |       |
| 57 months                          |     |                              | 0.257 |     |    | 0.277 |     |    |