Sigma Labs Inc (SASI)

[wickw50]

Consists of (i) 400,000 shares of our common stock that we issued to one of our selling stockholders, and (ii) an aggregate of 220,000 shares of common stock issuable upon the exercise of outstanding Warrants (which Warrants may be exercised at an exercise price of $1.56 per share (as to 200,000 shares) and of $1.75 per share (as to 20,000 shares).

(2) As of June 5, 2019, and does not include (i) a total of 4,753,802 shares of common stock issuable upon the exercise of outstanding options (with exercise prices ranging from $0.8658 to $11.80 per share) and warrants (with exercise prices ranging from $1.08 to $4.00), and (ii) 25,000 shares of our common stock currently issuable upon the conversion of our secured convertible promissory note.

(3) Assumes the exercise of all of the Warrants by the selling stockholders and the sale of the shares issued upon such exercise, but does not include the 4,533,802 shares of common stock issuable upon the exercise of outstanding options and other warrants.