X0407 4 2023-06-23 0 0001814215 Nuburu, Inc. BURU 0001952798 Nicol Ronald Lee C/O NUBURU, INC. 7442 S TUCSON WAY, SUITE 130 CENTENNIAL CO 80112 1 0 0 0 0 7% Convertible Promissory Note due 2026 0.688 2023-06-23 4 P 0 1000000.00 1000000.00 A 2023-06-24 2026-06-23 Common Stock 1453488 1453488 I See footnote Warrant (right to buy) 1.03 2023-06-23 4 P 0 1453488 A 2023-12-23 2028-06-23 Common Stock 1453488 1453488 I See footnote The 7% convertible promissory note with an aggregate principal amount of $1,000,000 ("Note") was issued on June 23, 2023 pursuant to that certain Note and Warrant Purchase Agreement, dated as of June 12, 2023, by and among Nuburu, Inc. and the investors listed on Schedule I thereto (the "Purchase Agreement"). The Note and any accrued interest thereon are convertible at the option of the holder at any time following June 23, 2023 prior to repayment of the Note into shares of Nuburu common stock at a conversion price of $0.688 (subject to adjustment pursuant to the terms of the Note, the "Conversion Price"). Interest accrues on the unpaid principal amount at a rate equal to 7% per annum but it is not due and payable until the maturity date. All unpaid principal, together with any then unpaid and accrued interest and other amounts payable under the Note, will be due and payable on the earlier of (i) June 23, 2026, or (ii) following the occurrence of an event of default. The securities are held directly by Eunomia, LP. Mr. Nicol is the manager of Eunomia, LP and exercises voting and investment control over these securities. Subject to adjustment pursuant to the terms of the warrant to purchase shares of Nuburu common stock, par value $0.0001 per share (the "Warrant"), issued on June 23, 2023 pursuant to the Purchase Agreement. The Warrant was issued pursuant to the Purchase Agreement in connection with the purchase of the Note as partial consideration for the Note. /s/ Brian Knaley, by power of attorney on behalf of Ronald Lee Nicol 2023-06-23