BRIEF-Velo3D Says Entered Into Agreement With Space Exploration Technologies

Reuters09-13

Sept 13 (Reuters) -

* VELO3D - ENTERED INTO AGREEMENT WITH SPACE EXPLORATION TECHNOLOGIES GRANTING SPACEX NON-EXCLUSIVE LICENSE TO CO'S ADDITIVE MANUFACTURING TECHNOLOGIES

* VELO3D INC - SPACEX HAS AGREED TO PAY CO LICENSE FEE OF $5 MILLION IN AGGREGATE PAYABLE IN TWO TRANCHES

* VELO3D INC - ALSO ENTERED INTO A LIMITED CONSENT WITH NOTE HOLDERS

* VELO3D INC - NOTE HOLDERS HOLD A SERIES OF NOTES OF CO IN AGGREGATE PRINCIPAL AMOUNT OF $28.4 MILLION

* VELO3D - FOR PROVISION OF CERTAIN RELATED ENGINEERING, OTHER SUPPORT SERVICES BY CO UNDER AGREEMENT, SPACEX WILL PAY CO $3 MILLION

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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