On April 30, 2024, the Board of Directors of Nuburu, Inc. approved an increase in the size of the Board from seven to eight directors and appointed Matteo Ricchebuono and Alessandro Zamboni to the Board. Mr. Ricchebuono and Mr. Zamboni will serve as Class I directors, with initial terms expiring at the Company?s 2026 Annual Meeting of Stockholders. Mr. Ricchebuono, 49, is currently the President and Chief Executive Officer of SFE Société Financière Européenne SA.

Mr. Ricchebuono has also served since May 2014 as a member of the Board Monaco MC of Groupe Financier de Gestion SAM, which is the investment manager of GFG Funds, a Luxembourg SICAV that manages four fixed income-focused funds available for European distribution. Prior to this role, Mr. Ricchebuono was a partner of Global Funds Europe in London, United Kingdom (UK), from March 2014 through February of 2020. Global Funds Europe acts as a distributor of third-party investment funds to Italian institutional investors and is the sole distributor for Lazard Feres Gestion in Italy.

Prior to this role, Mr. Ricchebuono was in the Institutional Client Group and in the Debt Capital Market Group with Deutsche Bank in London, UK, from April 2006 through January 2014. Prior to this role, Mr. Ricchebuono was with UBS in London, UK, from July 2005 through March 2006. Mr. Ricchebuono also served at the retail desk of Banca IMI in Milan, Italy, which developed a range of retail financial products.

Mr. Ricchebuono holds a Masters degree in Economics from the Bocconi University in Milan, Italy. The Company believes Mr. Ricchebuono is qualified to serve on its Board based on his extensive experience in the financial services industry and capital raising. Mr. Zamboni, 45, worked for 11 years as equity partner and managing director of the management consulting company NIKE Group S.p.A., now part of Accenture, which specializes in regulatory and internal controls for banks and insurance firms. In 2014, Mr. Zamboni founded The AvantGarde Group, a venture builder based in Milan, Italy, which launched ?Supply@ME,?

a working capital (inventory) monetization platform listed on the UK Main Market since 2020, and ?RegTech Open Project,? an operational resilience software platform recently listed on the UK Main Market. He is also the founding member of DevoLab, the SDA Bocconi?

think tank group focused on exponential technologies and innovations. Mr. Zamboni is currently the Chief Executive Officer of Supply@ME Capital plc. Mr. Zamboni holds a Bachelor of Arts (BA) degree in Economics from the University of Turin in Turin, Italy.

The Company believes Mr. Zamboni is qualified to serve on its Board based on his extensive experience with strategic investing, capital raising, and business consulting. John Bolton, who has been serving as a member of the Board?s Audit Committee and Nominating and Corporate Governance Committee, resigned from the Board. Mr. Bolton?s resignation was not as the result of any disagreement with the Company.