Sigma Labs Inc (SASI)

[r0und3r]

"3 new employees"

During July 2014, the Company issued an aggregate of 6,000,000 shares of common stock to three new employees valued at $0.129 per share or $774,000. Twenty-five percent of each employee’s shares vested immediately upon the grant date and 25% of such shares will vest on each of the first, second and third annual anniversary of each employee’s start date, provided that such employee remains in the Company’s continuous employ through such vesting date.