Step 1: Given the parametric equations for lines \( L_1 \) and \( L_2 \). Line \( L_3 \) intersects \( L_1 \) and \( L_2 \) at a common point and is parallel to the vector sum \( \overrightarrow{a} + \overrightarrow{b} \).
Step 2: Determine the point of intersection of \( L_1 \) and \( L_2 \) by solving their parametric equations simultaneously. This yields the coordinates of the intersection point.
Step 3: Utilize the direction vector \( \overrightarrow{a} + \overrightarrow{b} \) and the intersection point to identify the specific coordinates that satisfy the parallelism condition for \( L_3 \). Consequently, option (A) is the correct selection.