# EDGAR Filing Document

**Accession Number:** 0001959900
**File Stem:** 0001193125-23-026899
**Filing Date:** 2023-2
**Character Count:** 140671
**Document Hash:** c37113887b6a0d6c279aaeb5c64ad3ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-026899.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001193125-23-026899

**CONFORMED SUBMISSION TYPE**: SC 13D

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**GROUP MEMBERS**: ANZU NUBURU II LLC

**GROUP MEMBERS**: ANZU NUBURU III LLC

**GROUP MEMBERS**: ANZU NUBURU LLC

**GROUP MEMBERS**: ANZU NUBURU V LLC

**GROUP MEMBERS**: ANZU PARTNERS LLC

**GROUP MEMBERS**: CST GLOBAL LLC

**GROUP MEMBERS**: DANIEL HIRSCH

**GROUP MEMBERS**: DAVID & JENNIFER MICHAEL FAMILY LTD PARTNERSHIP

**GROUP MEMBERS**: DEBRAH HERMAN

**GROUP MEMBERS**: WHITNEY HARING-SMITH

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nuburu, Inc.
- **CENTRAL INDEX KEY:** 0001814215
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91669
- **FILM NUMBER:** 23594966

**BUSINESS ADDRESS:**
- **STREET 1:** 7442 S TUSCON WAY
- **STREET 2:** SUITE 130
- **CITY:** CENTENNIAL
- **STATE:** CO
- **ZIP:** 80112
- **BUSINESS PHONE:** (720) 767-1400

**MAIL ADDRESS:**
- **STREET 1:** 7442 S TUSCON WAY
- **STREET 2:** SUITE 130
- **CITY:** CENTENNIAL
- **STATE:** CO
- **ZIP:** 80112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tailwind Acquisition Corp.
- **DATE OF NAME CHANGE:** 20200604
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Seldin David
- **CENTRAL INDEX KEY:** 0001959900

**FILING VALUES:**
- **FORM TYPE:** SC 13D

**MAIL ADDRESS:**
- **STREET 1:** 12610 RACE TRACK ROAD
- **STREET 2:** SUITE 250
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33626

------

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**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

------

**SCHEDULE 13D** 

**Under the Securities Exchange Act of 1934** 

**(Amendment No.)\*** 

------

## Nuburu, Inc.
**(Name of Issuer)** 

**Common stock, par value $0.0001 per share** 

**(Title of Class of Securities)** 

**67021W103** 

**(CUSIP Number)** 

**David Seldin** 

**Anzu Partners LLC** 

**Anzu Nuburu LLC** 

**Anzu Nuburu II LLC** 

**Anzu Nuburu III LLC** 

**Anzu Nuburu V LLC** 

**Daniel Hirsch** 

**CST Global LLC** 

**David & Jennifer Michael Family Ltd Partnership** 

**Whitney Haring-Smith** 

**Debrah Herman** 

**c/o Debrah Herman** 

**12610 Race Track Road, Suite 250** 

**Tampa, Florida 33626** 

**(240) 428-6817** 

**(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)** 

**January 31, 2023** 

**(Date of Event which Requires Filing of this Statement)** 

------

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: ☐

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Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

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\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;David Seldin |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;United States |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;745,963(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;18,549,500(2) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;745,963(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;18,549,500(2) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;19,295,463 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;56.62% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;IN |

---

(1) Reflects (i) 503,141 shares of the Issuer's common stock, par value $0.0001 per share (" <u>Common Stock</u> "), held directly by Mr. Seldin and (ii) 121,411 shares of the Issuer's Series A Preferred Stock, par value $0.0001 per share (" <u>Preferred Stock</u> "), held directly by Mr. Seldin, assuming such shares of
Preferred Stock have been converted into Common Stock at a Conversion Price (as defined below) equal to $10.00 divided by $5.00, which represents the maximum number of shares issuable to holders of Preferred Stock (the " <u>Maximum Conversion Ratio</u> "). The Preferred Stock is convertible at any time into Common Stock at the applicable Conversion Price.

(2) Reflects (i) (a) 178,002 shares of Common Stock and (b) 500,000 shares of Preferred Stock held directly by Anzu
Partners LLC (" <u>Anzu</u> <u>Partners</u> "), (ii) (a) 4,024,512 shares of Common Stock and (b) 97,409 shares of Preferred Stock held directly by Anzu Nuburu LLC (" <u>Anzu</u> <u> </u> <u>Nuburu</u> "), (iii) (a) 1,851,063 shares of
Common Stock and (b) 44,767 shares of Preferred Stock held directly by Anzu Nuburu II LLC (" <u>Anzu</u> <u> </u> <u>Nuburu</u> <u>II</u> "), (iv) (a) 1,521,036 shares of Common Stock and (b) 36,937 shares of Preferred Stock held directly by
Anzu Nuburu III LLC (" <u>Anzu</u> <u> </u> <u>Nuburu</u> <u>III</u> ") and (v) (a) 10,127,833 shares of Common Stock and (b) 244,414 shares of Preferred Stock held directly by Anzu Nuburu V LLC (" <u>Anzu</u> <u> </u> <u>Nuburu</u> <u>V</u> " and, collectively with Anzu Nuburu, Anzu Nuburu II and Anzu Nuburu III, the " <u>Anzu</u> <u>SPVs</u> "), assuming all of the foregoing shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion
Ratio. The Preferred Stock is convertible at any time into Common Stock at the applicable Conversion Price. Mr. Seldin and Mr. Haring-Smith are managing partners of Anzu Partners and share voting and dispositive power with respect to the
shares of Common Stock held directly by Anzu Partners. Mr. Seldin, Mr. Hirsch and Ms. Herman are managers of each of the Anzu SPVs and share voting and dispositive power with respect to the shares of Common Stock held directly by the
Anzu SPVs. Mr. Seldin disclaims beneficial ownership with respect to the shares held directly by Anzu Partners and the Anzu SPVs, except to the extent of his pecuniary interest therein, if any.

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;Anzu Partners LLC |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;Florida |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;1,178,002(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;1,178,002(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;1,178,002 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;3.47% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |

---

(1) Reflects (i) 178,002 shares of Common Stock held directly by Anzu Partners and (ii) 500,000 shares of Preferred
Stock held directly by Anzu Partners, assuming such shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio. The Preferred Stock is convertible at any time into Common Stock at the applicable Conversion Price.

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;Anzu Nuburu LLC |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;Florida |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;4,219,330(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;4,219,330(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;4,219,330 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;12.71% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |

---

(1) Reflects (i) 4,024,512 shares of Common Stock held directly by Anzu Nuburu and (ii) 97,409 shares of Preferred
Stock held directly by Anzu Nuburu, assuming such shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio. The Preferred Stock is convertible at any time into Common Stock at the applicable Conversion Price.

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;Anzu Nuburu II LLC |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;Florida |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;1,940,597(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;1,940,597(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;1,940,597 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;5.87% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |

---

(1) Reflects (i) 1,851,063 shares of Common Stock held directly by Anzu Nuburu II and (ii) 44,767 shares of
Preferred Stock held directly by Anzu Nuburu II, assuming such shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio. The Preferred Stock is convertible at any time into Common Stock at the applicable
Conversion Price.

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;Anzu Nuburu III LLC |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;Florida |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;1,594,910(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;1,594,910(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;1,594,910 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;4.82% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |

---

(1) Reflects (i) 1,521,036 shares of Common Stock held directly by Anzu Nuburu III and (ii) 36,937 shares of
Preferred Stock held directly by Anzu Nuburu III, assuming such shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio. The Preferred Stock is convertible at any time into Common Stock at the applicable
Conversion Price.

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;Anzu Nuburu V LLC |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;Florida |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;10,616,661(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;10,616,661(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;10,616,661 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;31.71% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |

---

(1) Reflects (i) 10,127,833 shares of Common Stock held directly by Anzu Nuburu V and (ii) 244,414 shares of
Preferred Stock held directly by Anzu Nuburu V, assuming such shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio. The Preferred Stock is convertible at any time into Common Stock at the applicable
Conversion Price.

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;Daniel Hirsch |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;United States |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;18,371,498(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;18,371,498(1) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;18,371,498 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;54.29% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;IN |

---

(1) Reflects (i) (a) 4,024,512 shares of Common Stock and (b) 97,409 shares of Preferred Stock held directly by
Anzu Nuburu, (ii) (a) 1,851,063 shares of Common Stock and (b) 44,767 shares of Preferred Stock held directly by Anzu Nuburu II, (iii) (a) 1,521,036 shares of Common Stock and (b) 36,937 shares of Preferred Stock held directly by Anzu Nuburu III and
(iv) (a) 10,127,833 shares of Common Stock and (b) 244,414 shares of Preferred Stock held directly by Anzu Nuburu V, assuming all of the foregoing shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio. The
Preferred Stock is convertible at any time into Common Stock at the applicable Conversion Price. Mr. Hirsch, Mr. Seldin and Ms. Herman are managers of each of the Anzu SPVs and share voting and dispositive power with respect to the
shares of Common Stock held directly by the Anzu SPVs. Mr. Hirsch disclaims beneficial ownership with respect to the shares held directly by the Anzu SPVs, except to the extent of his pecuniary interest therein, if any.

.

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;CST Global LLC |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;Wyoming |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;72,846(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;72,846(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;72,846 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;0.22% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |

---

(1) Reflects (i) 24,282 shares of Common Stock held directly by CST Global LLC and (ii) 24,282 shares of Preferred
Stock held directly by CST Global LLC, assuming such shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio. The Preferred Stock is convertible at any time into Common Stock at the applicable Conversion
Price.

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;David & Jennifer Michael Family Ltd Partnership |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;California |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;103,101(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;103,101(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;103,101 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;0.31% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |

---

(1) Reflects 103,101 shares of Common Stock held directly by David & Jennifer Michael Family Ltd
Partnership.

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;Whitney Haring-Smith |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;United States |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;36,423(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;1,178,002(2) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;36,423(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;1,178,002(2) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;1,214,425 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;3.57% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;IN |

---

(1) Reflects (i) 12,141 shares of Common Stock held directly by Mr. Haring-Smith and (ii) 12,141 shares of
Preferred Stock held directly by Mr. Haring-Smith, assuming such shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio. The Preferred Stock is convertible at any time into Common Stock at the applicable
Conversion Price.

(2) Reflects (i) (a) 178,002 shares of Common Stock and (b) 500,000 shares of Preferred Stock held directly by Anzu
Partners, assuming such shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio. The Preferred Stock is convertible at any time into Common Stock at the applicable Conversion Price. Mr. Haring-Smith and
Mr. Seldin are managing partners of Anzu Partners and share voting and dispositive power with respect to the shares of Common Stock held directly by Anzu Partners. Mr. Haring-Smith disclaims beneficial ownership with respect to the shares
held directly by Anzu Partners, except to the extent of his pecuniary interest therein, if any.

------

CUSIP Number: 67021W103

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;NAMES OF REPORTING PERSONS<br>&nbsp;&nbsp;&nbsp;&nbsp;Debrah Herman |
| &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> &nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ (b) ☒ |
| &nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp;SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;OO |
| &nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br>&nbsp;&nbsp;&nbsp;&nbsp;United States |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;18,371,498(1) |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 10 | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER<br>&nbsp;&nbsp;&nbsp;&nbsp;18,371,498(1) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>&nbsp;&nbsp;&nbsp;&nbsp;18,371,498 |
| &nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;☐ |
| &nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<br>&nbsp;&nbsp;&nbsp;&nbsp;54.29% |
| &nbsp;&nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>&nbsp;&nbsp;&nbsp;&nbsp;IN |

---

(1) Reflects (i) (a) 4,024,512 shares of Common Stock and (b) 97,409 shares of Preferred Stock held directly by
Anzu Nuburu, (ii) (a) 1,851,063 shares of Common Stock and (b) 44,767 shares of Preferred Stock held directly by Anzu Nuburu II, (iii) (a) 1,521,036 shares of Common Stock and (b) 36,937 shares of Preferred Stock held directly by Anzu Nuburu III and
(iv) (a) 10,127,833 shares of Common Stock and (b) 244,414 shares of Preferred Stock held directly by Anzu Nuburu V, assuming all of the foregoing shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio. The
Preferred Stock is convertible at any time into Common Stock at the applicable Conversion Price. Ms. Herman, Mr. Hirsch and Mr. Seldin are managers of each of the Anzu SPVs and share voting and dispositive power with respect to the
shares of Common Stock held directly by the Anzu SPVs. Ms. Herman disclaims beneficial ownership with respect to the shares held directly by the Anzu SPVs, except to the extent of her pecuniary interest therein, if any.

------

CUSIP Number: 67021W103

**Item 1.** **Security and Issuer.** <br>

This statement on Schedule 13D (this "<u>Schedule 13D</u>") relates to the shares of common stock, par value $0.0001 per share (the "<u>Common Stock</u>"), of Nuburu, Inc., a Delaware corporation (the "<u>Issuer</u>"). The address of the principal executive offices of the Issuer is 7442 Tucson Way, Suite 130, Centennial, Colorado 80112.

**Item 2.** **Identity and Background.** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Schedule 13D is being filed by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) David Seldin;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Anzu Partners LLC, a Florida limited liability company ("<u>Anzu Partners</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Anzu Nuburu LLC, a Florida limited liability company ("<u>Anzu Nuburu</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Anzu Nuburu II LLC, a Florida limited liability company ("<u>Anzu Nuburu II</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Anzu Nuburu III LLC, a Florida limited liability company ("<u>Anzu Nuburu III</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Anzu Nuburu V LLC, a Florida limited liability company ("<u>Anzu Nuburu V</u>" and, collectively with Anzu Nuburu, Anzu Nuburu II and Anzu Nuburu III, the "<u>Anzu SPVs</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Daniel Hirsch,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) CST Global LLC, a Wyoming limited liability company ("<u>CST Global</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) David & Jennifer Michael Family Ltd Partnership, a California limited partnership (the "<u>Michael Family Ltd Partnership</u>")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Whitney Haring-Smith; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) Debrah Herman.

Each of the foregoing is referred to as a "<u>Reporting Person</u>" and collectively as the "<u>Reporting Persons</u>." Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.

Set forth on Schedule A annexed hereto ("<u>Schedule A</u>") is the name and present principal occupation or employment, principal business address and citizenship of the members of Anzu Partners and each of the Anzu SPVs and the partners of the Michael Family Ltd Partnership. To the best of the Reporting Persons' knowledge, except as otherwise set forth herein, none of the persons listed on Schedule A beneficially owns any securities of the Issuer or is a party to any contract, agreement or understanding required to be disclosed herein.

Because each of the Reporting Persons may be deemed a member of a "group" with the other Reporting Persons for purposes of Rule 13d-5(b)(1) under the Act, each of the Reporting Persons may be deemed to beneficially own the Shares owned by the other Reporting Persons. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Act, the beneficial owners of any securities that any particular Reporting Person does not directly own. Each Reporting Person disclaims beneficial ownership of the securities reported herein that such Reporting Person does not directly own.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The principal business address of each of the Reporting Persons is 12610 Race Track Road, Suite 250, Tampa, Florida 33626.

------

CUSIP Number: 67021W103

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The principal business of Anzu Partners is venture investment management. The principal business of each of the Anzu SPVs, CST Global and the Michael Family Ltd Partnership is investing in securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No Reporting Person, nor any person listed on Schedule A, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No Reporting Person, nor any person listed on Schedule A, has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Anzu Partners and each of the Anzu SPVs is organized under the laws of the State of Florida. CST Global is organized under the laws of the State of Wyoming. The Michael Family Ltd Partnership is organized under the laws of the State of California. Messrs. Seldin, Hirsch and Haring-Smith and Ms. Herman are citizens of the United States of America.

**Item 3.** **Source and Amount of Funds or Other Consideration.** <br>

The securities reported herein as beneficially owned by the Reporting Persons were acquired in connection with the transactions consummated on January 31, 2023 pursuant to that certain Business Combination Agreement, dated August 5, 2022 (as it has been and may be amended, supplemented or otherwise modified from time to time, the "<u>Business Combination Agreement</u>"), by and among Tailwind Acquisition Corp. ("<u>Tailwind</u>"), Compass Merger Sub, Inc., a wholly owned subsidiary of Tailwind ("<u>Merger Sub</u>"), and Nuburu, Inc. ("<u>Nuburu</u>"), pursuant to which, among other things, (i) Nuburu changed its name to "Nuburu Subsidiary, Inc."; (ii) Merger Sub merged with and into Nuburu, with Nuburu as the surviving company and continuing as a wholly owned subsidiary of Tailwind (the "<u>Business Combination</u>") and (iii) Tailwind changed its name to "Nuburu, Inc."

**Business Combination Agreement** 

Pursuant to the Business Combination Agreement, at the effective time of the Business Combination (the "<u>Effective Time</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each share of Nuburu preferred stock, par value $0.0001 per share, including Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series B-1 Preferred Stock, and Series C Preferred Stock (" <u>Company Preferred Stock</u> "), issued and outstanding
immediately prior to the Effective Time was canceled and converted into the right to receive the number of shares of Common Stock equal to the greater of (A) the quotient obtained from (x) the applicable Preferred Stock Liquidation
Preference of such share of Company Preferred Stock *divided by* (y) $10.00 (such shares of Company Preferred Stock receiving a number of shares of Common Stock, " <u>Unconverted Preferred Stock</u> "), and (B) the
product of (x) the number of shares of Company Common Stock (as defined below) that such share of Company Preferred Stock would be entitled to convert into as of immediately prior to the Effective Time in accordance with Nuburu's
Certificate of Incorporation, *multiplied* by (y) the Common Stock Exchange Ratio (as defined below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each share of Nuburu common stock, par value $0.0001 per share (" <u>Company Common Stock</u> " and,
together with Company Preferred Stock, " <u>Company Equity Securities</u> ") issued and outstanding immediately prior to the Effective Time was canceled and converted into the right to receive the number of shares of Common Stock equal to
the Common Stock Exchange Ratio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each option to purchase shares of Company Common Stock (each such option, a " <u>Company Option</u> ")
outstanding immediately prior to the Effective Time, whether vested or unvested, was converted into an option to purchase a number of shares of Common Stock (such option, an " <u>Exchanged Option</u> ") equal to the product (rounded down to
the nearest whole number) of (x) the

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CUSIP Number: 67021W103

number of shares of Company Common Stock subject to such Company Option immediately prior to the Effective Time and (y) the Common Stock Exchange Ratio, at an exercise price per share (rounded up to the nearest whole cent) equal to the quotient of (A) the exercise price per share of such Company Option immediately prior to the Effective Time divided by (B) the Common Stock Exchange Ratio. Except as specifically provided above, following the Effective Time, each Exchanged Option will continue to be governed by the same terms and conditions, including vesting and exercisability terms, as were applicable to the corresponding former Company Option immediately prior to the Effective Time. <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each restricted stock unit granted by Nuburu (each a " <u>Company RSU</u> ") outstanding immediately
prior to the Effective Time was converted into a restricted stock unit of Common Stock (such option, an " <u>Exchanged RSU</u> ") equal to the product (rounded down to the nearest whole number) of (x) the number of shares subject to a
Company RSU immediately prior to the Effective Time and (y) the Common Stock Exchange Ratio. Except as specifically provided above, following the Effective Time, each Exchanged RSU will continue to be governed by the same terms and conditions
as were applicable to the corresponding former Company RSU immediately prior to the Effective Time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each warrant to purchase shares of Nuburu Common Stock (each, a " <u>Company Warrant</u> ") outstanding
immediately prior to the Effective Time was treated in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each convertible promissory note issued by Nuburu (each a " <u>Company Note</u> ") outstanding
immediately prior to the Effective Time was canceled and converted into (A) shares of Nuburu Common Stock in accordance with the terms of such Company Note as of immediately prior to the Effective Time, which shares were then outstanding as of
immediately prior to the Effective Time and subsequently converted into Common Stock (and with such shares entitled to participate in the Preferred Stock Issuance (as defined below).

The "<u>Common Stock Exchange Ratio</u>" means the quotient obtained by dividing (x) the Aggregate Common Stock Merger Consideration (as defined below) by (y) the number of Fully-Diluted Company Shares (as defined below). The "<u>Aggregate Common Stock Merger Consideration</u>" means a number of shares of Common Stock equal to (a) 35,000,000 less (b) the aggregate number of Common Stock issuable in respect of Unconverted Preferred Stock pursuant to the Business Combination Agreement. "<u>Fully-Diluted Company Shares</u>" means an amount equal to, without duplication, (i) the aggregate number of shares of Company Capital Stock (as defined in the Business Combination Agreement) that were issued and outstanding as of immediately prior to the Effective Time on a fully-diluted, as converted-to Company Common Stock basis, plus (ii) the aggregate number of shares of Company Common Stock issuable upon the full exercise, exchange or conversion of Company Warrants, Company Options, Company RSUs and Company Notes that were outstanding as of immediately prior to the Effective Time; provided, however, that "Fully-Diluted Shares" shall exclude (A) all Unconverted Preferred Stock and (B) certain equity set forth in the schedules to the Business Combination Agreement.

**Preferred Stock Issuance** 

Prior to the closing of the Business Combination (the "<u>Closing</u>"), on January 31, 2023, the Issuer declared an issuance of shares of Preferred Stock (the "<u>Preferred Stock Issuance</u>") to the holders of record of Common Stock as of as of the close of business on the date of the Closing (the "<u>Closing Date</u>") (other than (a) stockholders of Nuburu who waived their entire right, title and interest in, to or under, any participation in the Preferred Stock Issuance by executing a Written Consent (which, for clarity, excludes shares of Common Stock received as a result of the conversion of any Company Note) and (b) Tailwind Sponsor LLC (the "<u>Sponsor</u>"), who waived right, title and interest in, to or under, a portion of the Preferred Stock Issuance), with one share of Preferred Stock to be issued in respect of each such share of Common Stock. For clarity, any stockholder of Nuburu that elected to redeem their shares in connection with the Business Combination did not participate in the Preferred Stock Issuance with respect to the shares so redeemed, as such holder was not a record holder of Common Stock with respect to such shares as of the close of business on the Closing Date. The terms of the Preferred Stock are set forth in the Certificate of Designations (as defined below).

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CUSIP Number: 67021W103

**Reporting Persons** 

In connection with the Business Combination, on January 31, 2023:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Mr. Seldin received (x) an aggregate of 503,141 shares of Common Stock in exchange for Company Warrants and Company Notes, in each case pursuant to the Business Combination Agreement, and (y) an aggregate of 121,411 shares of Preferred Stock pursuant to the Preferred Stock Issuance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Anzu Partners received (x) an aggregate of 178,002 shares of Common Stock in exchange for Company Equity Securities and Company Warrants, in each case pursuant to the Business Combination Agreement, and (y) an aggregate of 500,000 shares of Preferred Stock upon exercise in full of a warrant issued by Nuburu to Anzu Partners, which had a strike price of $0.01 per share of Preferred Stock, was exercisable upon issuance and expired on December 31, 2024;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Anzu Nuburu received (x) an aggregate of 4,024,512 shares of Common Stock in exchange for Company Equity Securities pursuant to the Business Combination Agreement and (y) an aggregate of 97,409 shares of Preferred Stock in exchange for Company Notes pursuant to the Business Combination Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Anzu Nuburu II received (x) an aggregate of 1,851,063 shares of Common Stock in exchange for Company Equity Securities pursuant to the Business Combination Agreement and (y) an aggregate of 44,767 shares of Preferred Stock in exchange for Company Notes pursuant to the Business Combination Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Anzu Nuburu III received (x) an aggregate of 1,521,036 shares of Common Stock in exchange for Company Equity Securities pursuant to the Business Combination Agreement and (y) and (y) an aggregate of 36,937 shares of Preferred Stock in exchange for Company Notes pursuant to the Business Combination Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Anzu Nuburu V received (x) an aggregate of 10,127,833 shares of Common Stock in exchange for Company Equity Securities pursuant to the Business Combination Agreement and (y) an aggregate of 244,414 shares of Preferred Stock in exchange for Company Notes pursuant to the Business Combination Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) CST Global received (x) an aggregate of 24,282 shares of Common Stock in exchange for Company Warrants pursuant to the Business Combination Agreement and (y) an aggregate of 24,282 shares of Preferred Stock pursuant to the Preferred Stock Issuance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Michael Family Ltd Partnership received an aggregate of 103,101 shares of Common Stock in exchange for Company Equity Securities pursuant to the Business Combination Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Mr. Haring-Smith received (x) an aggregate of 12,141 shares of Common Stock in exchange for Company Notes pursuant to the Business Combination Agreement and (y) an aggregate of 12,141 shares of Preferred Stock pursuant to the Preferred Stock Issuance.

**Item 4. Purpose of Transaction.** 

The information set forth in Items 3 and 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 4.

The Reporting Persons own the securities reported herein for investment purposes. Other than with respect to the sales under the 10b5-1 Sales Plan and potential purchases under the Sale Option Agreement (each as described in Item 6 hereof), the Reporting Persons intend to review on a continuing basis their investment in the Issuer and may from time to time increase or decrease their investment in the Issuer depending upon the price and

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CUSIP Number: 67021W103

availability of the Issuer's securities, subsequent developments affecting the Issuer, the Issuer's business and prospects, other investment and business opportunities available to the Reporting Persons, general stock market and economic conditions, tax considerations and other factors, through, among other things, the purchase or sale of the Issuer's securities on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

In his capacity as a director of the Issuer, Mr. Hirsch intends to continue taking an active role in advising the Issuer's management. Also, subject to applicable approvals from the compensation committee of the Board, Mr. Hirsch may receive additional securities of the Issuer in connection with his compensation program. In addition, in his capacity as a director of the Issuer, Mr. Hirsch intends to be involved in approvals or recommendations with respect to the issuance of additional securities of the Issuer to other employees of the Issuer or its subsidiaries.

Other than as described above, the Reporting Persons do not currently have any plans or proposals that relate to, or may result in, any of the matters listed in subparagraphs (a) through (j) of Item 4 of Schedule 13D. However, as part of their ongoing evaluation of this investment and investment alternatives, the Reporting Persons may consider such matters and, subject to applicable law, may formulate a plan or proposal with respect to such matters, and, from time to time, may hold discussions with or make formal proposals to management or the Board, other stockholders of the Issuer or other third parties regarding such matters.

**Item 5.** **Interest in Securities of the Issuer.** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) – (b) The percentage of beneficial ownership reported by each Reporting Person in this Schedule 13D is based on an aggregate of 32,990,092 shares of Common Stock outstanding as of January 31, 2023, as reported in the Issuer's Form 8-K filed with the Securities and Exchange Commission ("<u>SEC</u>") on February 6, 2023, and any shares of Common Stock issuable upon the conversion of any shares of Preferred Stock (assuming such shares of Preferred Stock have been converted into Common Stock at the Maximum Conversion Ratio) beneficially owned by the Reporting Person, as applicable (the "<u>Outstanding Shares</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Mr. Seldin beneficially owns an aggregate of 19,295,463 shares of Common Stock constituting approximately 56.62% of the Outstanding Shares. Mr. Seldin has sole power to vote or direct the vote and sole power to dispose or direct the disposition of an aggregate of 745,963 shares of Common Stock. Mr. Seldin and Mr. Haring-Smith are managing partners of Anzu Partners and share voting and dispositive power with respect to the shares of Common Stock held directly by Anzu Partners. Mr. Seldin, Mr. Hirsch and Ms. Herman are managers of each of the Anzu SPVs and share voting and dispositive power with respect to the shares of Common Stock held directly by the Anzu SPVs. As a result of the foregoing, Mr. Seldin has shared power to vote or direct the vote and sole power to dispose or direct the disposition of an aggregate of 18,549,500 shares of Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Anzu Partners beneficially owns an aggregate of 1,178,002 shares of Common Stock constituting approximately 3.47% of the Outstanding Shares and has sole power to vote or direct the vote and sole power to dispose or direct the disposition of such shares of Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Anzu Nuburu beneficially owns an aggregate of 4,219,330 shares of Common Stock constituting approximately 12.71% of the Outstanding Shares and has sole power to vote or direct the vote and sole power to dispose or direct the disposition of such shares of Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Anzu Nuburu II beneficially owns an aggregate of 1,940,597 shares of Common Stock constituting approximately 5.87% of the Outstanding Shares and has sole power to vote or direct the vote and sole power to dispose or direct the disposition of such shares of Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Anzu Nuburu III beneficially owns an aggregate of 1,594,910 shares of Common Stock constituting approximately 4.82% of the Outstanding Shares and has sole power to vote or direct the vote and sole power to dispose or direct the disposition of such shares of Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Anzu Nuburu V beneficially owns an aggregate of 10,616,661 shares of Common Stock constituting approximately 31.71% of the Outstanding Shares and has sole power to vote or direct the vote and sole power to dispose or direct the disposition of such shares of Common Stock;

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CUSIP Number: 67021W103

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Mr. Hirsch beneficially owns an aggregate of 18,371,498 shares of Common Stock constituting approximately 54.29% of the Outstanding Shares. Mr. Seldin, Mr. Hirsch and Ms. Herman are managers of each of the Anzu SPVs and share voting and dispositive power with respect to the shares of Common Stock held directly by the Anzu SPVs. As a result of the foregoing, Mr. Hirsch has shared power to vote or direct the vote and shared power to dispose or direct the disposition of an aggregate of 18,371,498 shares of Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) CST Global beneficially owns an aggregate of 72,846 shares of Common Stock constituting approximately 0.22% of the Outstanding Shares and has sole power to vote or direct the vote and sole power to dispose or direct the disposition of such shares of Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Michael Family Ltd Partnership beneficially owns an aggregate of 103,101 shares of Common Stock constituting approximately 0.31% of the Outstanding Shares and has sole power to vote or direct the vote and sole power to dispose or direct the disposition of such shares of Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Mr. Haring-Smith beneficially owns an aggregate of 1,214,425 shares of Common Stock constituting approximately 3.57% of the Outstanding Shares. Mr. Haring-Smith has sole power to vote or direct the vote and sole power to dispose or direct the disposition of an aggregate of 36,423 shares of Common Stock. Mr. Seldin and Mr. Haring-Smith are managing partners of Anzu Partners and share voting and dispositive power with respect to the shares of Common Stock held directly by Anzu Partners. As a result of the foregoing, Mr. Haring-Smith has shared power to vote or direct the vote and shared power to dispose or direct the disposition of an aggregate of 1,178,002 shares of Common Stock; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) Ms. Herman beneficially owns an aggregate of 18,371,498 shares of Common Stock constituting approximately 54.29% of the Outstanding Shares. Mr. Seldin, Mr. Hirsch and Ms. Herman are managers of each of the Anzu SPVs and share voting and dispositive power with respect to the shares of Common Stock held directly by the Anzu SPVs. As a result of the foregoing, Ms. Herman has shared power to vote or direct the vote and shared power to dispose or direct the disposition of an aggregate of 18,371,498 shares of Common Stock.

Because of the relationships among the Reporting Persons, as described herein, the Reporting Persons may be deemed a "group" within the meaning of Rule 13d-5 of the Act. Each of the Reporting Persons disclaims beneficial ownership with respect to the shares not held directly by such Reporting Person, except to the extent of his or her pecuniary interest therein, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as described in Item 3 of this Schedule 13D, none of the Reporting Persons has effected any transactions in the Common Stock during the past 60 days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the securities of the Issuer held by the Reporting Persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Not applicable.

**Item 6.** **Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.** <br>

The information provided or incorporated by reference in Items 3, 4 and 5 is hereby incorporated by reference herein.

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CUSIP Number: 67021W103

**Joint Filing Agreement** 

On January 27, 2023, the Reporting Persons entered into a Joint Filing Agreement (the "<u>Joint Filing Agreement</u>") in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law.

The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

**Certificate of Designations of Series A Preferred Stock** 

On the Closing Date, the Issuer filed a Certificate of Designations of Series A Preferred Stock (the "<u>Certificate of Designations</u>") with the Secretary of State of the State of Delaware to designate 25,000,000 shares as "Series A Preferred Stock" and establish the voting powers, designations, preferences and relative, participating, optional or other special rights, and the qualifications, limitations and restrictions of the shares of Preferred Stock, which are described in more detail below.

*Ranking* 

The Preferred Stock ranks senior to the Common Stock with respect to rights on the distribution of assets on any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Issuer.

*Dividends* 

Holders of Preferred Stock participate, on an as-converted basis (without regard to any conversion limitations) in all dividends paid to the holders of Common Stock.

*Conversion Rights* 

The Preferred Stock is convertible at any time into Common Stock at a conversion rate equal to $10.00 (subject to equitable adjustment in the event of a stock split, stock consolidation, subdivision or certain other events of a similar nature that increase or decrease the number of shares of Preferred Stock outstanding) (the "<u>Original Issuance Price</u>") divided by the lesser of (i) $11.50 and (ii) the greater of (x) 115% of the lowest volume weighted average price per share of Common Stock as displayed under the heading Bloomberg VWAP (the "<u>VWAP</u>") for any consecutive ninety-trading day period prior to the calculation of such VWAP and (y) $5.00, in each case subject to adjustment as set forth in the Certificate of Designations (the "<u>Conversion Price</u>").

Any conversion will be settled only in shares of Common Stock; provided, that, upon any conversion that would result in the holders beneficially owning greater than 9.99% of the Issuer's voting stock outstanding as of the conversion date or any individual holder beneficially owning Common Stock in excess of the maximum number of shares of Common Stock that could be issued to the holder without triggering a change of control under the applicable stock exchange listing rules, the excess, if any, of the conversion consideration otherwise payable upon such conversion shall be paid in cash, based on an amount per share of Common Stock equal to the last reported price per share of the Common Stock on the trading day immediately preceding the conversion date.

*Mandatory Conversion* 

If the VWAP is greater than 200% of the Conversion Price for any 20 trading days in a 30-day trading day period, the Issuer may elect to convert all, but not less than all, of the Preferred Stock then outstanding into Common Stock at a conversion rate with respect to each share of Preferred Stock equal to the Original Issuance Price as of the date of such conversion divided by the then applicable Conversion Price.

*Voting Rights* 

The holders of Preferred Stock are not entitled to vote at or receive notice of any meeting of stockholders, except the holders of Preferred Stock are entitled to certain consent rights on matters related to (i) the creation or authorization of the creation of any equity or debt securities of the Issuer that rank senior or equal to certain rights of the Preferred Stock and (ii) the authorization of any adverse change to the powers, preferences, or special rights of the Preferred Stock set forth in the Issuer's Certificate of Incorporation or Bylaws, and have voting rights as required by law.

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CUSIP Number: 67021W103

*Redemption* 

On the second anniversary of the Closing Date (the "<u>Test Date</u>"), the Issuer must redeem the maximum portion of the Preferred Stock permitted by law in cash at an amount equal to the Original Issuance Price as of such date if the Conversion Price exceeds the VWAP. If, on the Test Date, the Conversion Price is equal to or less than the VWAP, the Issuer must convert all shares of Preferred Stock then outstanding into shares of Common Stock at the then applicable Conversion Price. Notwithstanding the foregoing, the Issuer shall not be required to redeem any shares of Preferred Stock to the extent the Issuer does not have legally available funds to effect such redemption. The mandatory redemption and conversion provisions described herein are further subject to certain limitations detailed in the Certificate of Designations.

The Certificate of Designations is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

**Registration Rights and Lock-up Agreement** 

Concurrently with the execution of the Business Combination Agreement, on August 5, 2022, Tailwind entered into that certain Amended and Restated Registration Rights and Lock-Up Agreement with the Holders (as defined therein, including Anzu Partners and each of the Anzu SPVs) (as amended on November 22, 2022 and January 31, 2023, and as further amended from time to time, the "<u>Registration Rights and Lock-Up Agreement</u>").

Pursuant to the terms of the Registration Rights and Lock-Up Agreement, the Issuer is obligated to file a registration statement to register the resale of certain shares of Common Stock held by the Holders. Further, pursuant to the terms of the Registration Rights and Lock-Up Agreement and subject to certain requirements and customary conditions, including with regard to the number of demand rights that may be exercised, the Holders holding at least a majority in interest of the then-outstanding number of Registrable Securities (as such term is defined in the Registration Rights and Lock-Up Agreement) held by all New Holders (as defined in the Registration Rights and Lock-Up Agreement), may demand at any time or from time to time that the Issuer file a registration statement on Form S-1 or Form S-3 to register the resale of certain shares of Common Stock held by such Holders. The Registration Rights and Lock-Up Agreement also provide the Holders with "piggy-back" registration rights, subject to certain requirements and customary conditions.

In addition, subject to certain exceptions, each Holder shall not Transfer any Restricted Securities (each as defined in the Registration Rights and Lock-Up Agreement) beneficially owned or owned of record by such Holder until the end of the Lock-up Period applicable to such Holder. "Lock-up Period" shall mean:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) for the "Nuburu Holders" (as so listed in Schedule A to the Registration Rights and Lock-Up Agreement (which does not include any of the Reporting Persons)), and the Anzu SPVs, the period beginning on the Closing Date and ending on the earliest of: (i) the date that is 180 days from the Closing Date, (ii) if the volume weighted-average price ("VWAP") of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 Trading Days within any 30-Trading Day period within 150 days after the Closing Date, the date that is 150 days from the Closing Date, or (iii) such date on which the Issuer completes a liquidation, merger, stock exchange or other similar transaction that results in all of the Issuer's stockholders having the right to exchange their shares of Common Stock for cash, securities or other property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for the persons designated as "Founder Holders" on Schedule A of the Registration Rights and Lock-Up Agreement, the period beginning on the Closing Date and ending on the earliest of: (i) the date that is four (4) years from the Closing Date, (ii) (A) for 25% of the Restricted Securities held by each Founder Holder and their respective permitted transferees, the date that is 180 days from the

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CUSIP Number: 67021W103

Closing Date or if the VWAP of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within 150 days after the Closing Date, the date that is 150 days from the Closing Date, (B) for an additional 25% of the Restricted Securities held by each Founder Holder and their respective permitted transferees, the date on which the Closing Price (as defined in the Registration Rights and Lock-Up Agreement) of the Common Stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least one (1) year after the Closing Date, (C) for an additional 25% of the Restricted Securities held by each Founder Holder and their respective permitted transferees, the date on which the Closing Price of the Common Stock equals or exceeds $15.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least one (1) year after the Closing Date, and (D) for the remaining 25% of the Restricted Securities held by each Founder Holder and their respective permitted transferees, the date on which the Closing Price of the Common Stock equals or exceeds $17.50 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least one (1) year after the Closing Date; or (iii) such date on which the Issuer completes a liquidation, merger, stock exchange or other similar transaction that results in all of the Issuer's stockholders having the right to exchange their shares of Common Stock for cash, securities or other property; provided, that, for the avoidance of doubt, the Lock-up Period for any Restricted Securities for which the Lock-up Period has not ended on the fourth-year anniversary of the Closing Date shall end on the fourth-year anniversary of the Closing Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) for the Periscope Holder (as defined in the Registration Rights and Lock-Up Agreement), the period beginning on the Closing Date and ending on the earliest of (i) September 30, 2023, or (ii) such date on which the Issuer completes a liquidation, merger, stock exchange or other similar transaction that results in all of the Issuer's stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

Notwithstanding the foregoing, (i) a Holder may transfer any shares of Converted Common Stock (as such term is defined in the Registration Rights and Lock-Up Agreement) beneficially owned or owned of record by such Holder at any time if the sale price of the Converted Common Stock at which the transfer occurs (x) exceeds the 10-day VWAP (as defined in the Registration Rights and Lock-Up Agreement) per share of Common Stock, and (y) exceeds $5.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like), (ii) an Anzu SPV may transfer any shares of Common Stock received by such Holder at the effective time as aggregate common stock merger consideration that are beneficially owned or owned of record by such Anzu SPV at any time if the sale price of the Common Stock at which the transfer occurs (x) exceeds the 10-day VWAP per share of Common Stock, and (y) exceeds $5.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like); and (iii) a CCM Holder may at any time transfer any shares of Common Stock that are beneficially owned or owned of record by such Holder if the sale price of the Common Stock at which the transfer occurs (x) equals or exceeds the VWAP per share of Common Stock for the previous trading day, and (y) exceeds $5.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like); provided, however, that any such transfer(s) by the CCM Holder may not exceed more than 20% of the traded volume on the date of transfer.

The Registration Rights and Lock-Up Agreement and the amendments thereto are attached hereto as Exhibits 99.3, 99.4, 99.5 and 99.6, respectively, and are incorporated herein by reference.

**Preferred Stock Sale Option Agreement** 

Concurrently with the execution and delivery of the Registration Rights and Lock-Up Agreement, on August 5, 2022, Tailwind and the Anzu SPVs entered into that certain Sale Option Agreement (as amended on November 22, 2022, November 28, 2022 and as may be further amended from time to time, the "<u>Sale Option Agreement</u>"). Pursuant to the terms of the Sale Option Agreement, in the event an Anzu SPV transfers any

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CUSIP Number: 67021W103

shares of Common Stock beneficially owned or owned of record by such holder prior to the expiration of the lock-up period applicable to such holder in a Permitted Transfer (as defined therein), such holder must notify the Issuer of the Permitted Transfer, whereupon the Issuer has the right, but not the obligation, to cause such holder to use up to 2/3 of the gross proceeds of the Permitted Transfer to purchase shares of Preferred Stock from the Issuer at a price equal to $10.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and similar events).

The Sale Option Agreement also restricts the ability of the Anzu SPVs to transfer (i) any shares of Preferred Stock acquired by such Anzu SPV pursuant to the Sale Option Agreement, and (ii) any shares of Common Stock to be issued to such Anzu SPV as a result of any conversion of any shares of Preferred Stock referred to in the foregoing clause (i), until the earliest of (A) December 29, 2023, (B) the date that the aggregate number of shares of Common Stock sold under the 10b5-1 Sales Plan (as defined below) results in no remaining shares of Common Stock being available for Tigress Financial Partners LLC ("<u>Tigress</u>") to sell under the 10b5-1 Sales Plan with respect to such Anzu SPV or (C) the termination of the 10b5-1 Sales Plan with respect to such Anzu SPV. Each of the Anzu SPVs has agreed in the Sale Option Agreement not to sell any shares of Preferred Stock which it may be required to purchase pursuant to the Sale Option Agreement or any shares of Common Stock issued upon conversion thereof, absent consent of the Issuer or for certain related party transfers, gifts or transfers to the Issuer or certain related parties, while the 10b5-1 Sales Plan is in effect with respect to such Anzu SPV, unless (x) an announcement of a bona fide tender or exchange offer is made by a person other than (A) the Anzu SPVs or (B) an affiliate of the Anzu SPVs where such affiliation does not arise with or through the Issuer with respect to the Common Stock or Preferred Stock or (y) a public announcement is made by the Issuer or a person controlled by the Issuer with respect to a bona fide merger, acquisition, reorganization, recapitalization or comparable transaction affecting the securities of the Issuer as a result of which the Common Stock or Preferred Stock will be exchanged for or converted into shares of another company. The Sale Option Agreement also provides that the Issuer will request the board of directors of the Issuer, or an appropriate committee of "non-employee directors" (as defined in Rule 16b-3 of the Act) thereof, to adopt one or more resolutions consistent with the interpretive guidance of the SEC designed to cause each acquisition of shares of Preferred Stock by the Anzu SPVs pursuant to the Sale Option Agreement to be an exempt transaction for purposes of Section 16(b) of the Act pursuant to Rule 16b-3 thereunder to the extent consistent with applicable law.

The Sale Option Agreement and the amendments thereto are attached hereto as Exhibits 99.7, 99.8 and 99.9, respectively, and are incorporated herein by reference.

**Anzu Designee Letter Agreement** 

On November 28, 2022, Nuburu, Tailwind and Anzu Partners entered into the Anzu Designee Letter Agreement (the "<u>Anzu Designee Letter Agreement</u>") that, among other things provides that Tailwind and Nuburu will use their respective reasonable best efforts to cause Daniel Hirsch (or, if Mr. Hirsch is unable to serve as a director of the Issuer at the Effective Time, then another representative designated by Anzu Partners in writing and reasonably acceptable to Nuburu) to be a member of the board of directors of the Issuer as a Class III director pursuant to Section 2.05(b) and Section 7.15(a) of the Business Combination Agreement (such representative, the "<u>Anzu Representative</u>"). In addition, following the Effective Time, in connection with any vacancy caused by the departure of the Anzu Representative from the board of directors of the Issuer (unless Anzu Partners declines in writing to designate a successor nominee), the Issuer shall cause such vacancy to be filled by one designee of Anzu Partners (to be selected by Anzu Partners, with notice of such selection to be delivered in writing to the Issuer, and reasonably acceptable to the Issuer). The foregoing obligation automatically terminates at the close of business on the day on which the initial term of the Class III directors ends, which is expected to be in the second quarter of 2025.

The Anzu Designee Letter Agreement is attached hereto as Exhibit 99.10 and is incorporated herein by reference.

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CUSIP Number: 67021W103

**10b5-1 Sales Plan** 

On December 12, 2022, the Reporting Persons entered into an agreement (the "<u>10b5-1 Sales Plan</u>") with Tigress pursuant to Rule 10b5-1 under the Act. The 10b5-1 Sales Plan relates to a total of approximately 18,288,426 shares of Common Stock. It does not relate to any shares of Preferred Stock (whether owned upon Closing or acquired thereafter) or any shares of Common Stock that are issuable upon conversion thereof. Under a Rule 10b5-1 plan, a broker executes trades pursuant to parameters established by the employee, director, officer or affiliated stockholder when entering into the plan, without further direction from the employee, officer, director or affiliated stockholder. Pursuant to the 10b5-1 Sales Plan, Tigress is authorized to sell all of the shares of Common Stock received by the Reporting Persons at Closing during the period (the "<u>Plan Period</u>") commencing on the first regular trading day after the effectiveness of the registration statement on Form S-1 covering the resale of such holders' shares of Common Stock and terminating on the earliest of (i) the date on which Tigress is required to terminate sales under the 10b5-1 Sales Plan pursuant to the terms thereof, including with respect to any given Anzu Investor upon one day's prior written notice by such Anzu Investor, (ii) December 29, 2023 and (iii) the date that the aggregate number of shares of Common Stock sold under the 10b5-1 Sales Plan results in no remaining shares of Common Stock available for Tigress to sell.

Pursuant to the terms of the 10b5-1 Sales Plan, (i) Tigress may not sell any shares of Common Stock under that plan at a price less than (x) $5.00 per share (before deducting commissions and other expenses of sale) or (y) the 10-day VWAP, as calculated pursuant to the Registration Rights and Lock-up Agreement, and (ii) sales by Tigress pursuant to the plan may not exceed 30% of the traded volume on any given trading day. Each of the Anzu SPVs has agreed in the Sale Option Agreement not to sell any shares of Preferred Stock which it may be required to purchase pursuant to the Sale Option Agreement or any shares of Common Stock issued upon conversion thereof, absent consent of the Issuer or for certain related party transfers, gifts or transfers to the Issuer or certain related parties, while the 10b5-1 Sales Plan is in effect with respect to such Anzu SPV, unless (x) an announcement of a bona fide tender or exchange offer is made by a person other than (A) the Anzu SPVs or (B) an affiliate of the Anzu SPVs where such affiliation does not arise with or through the Issuer with respect to the Common Stock or Preferred Stock or (y) a public announcement is made by the Issuer or a person controlled by the Issuer with respect to a bona fide merger, acquisition, reorganization, recapitalization or comparable transaction affecting the securities of the Issuer as a result of which the Common Stock or Preferred Stock will be exchanged for or converted into shares of another company. The 10b5-1 Sales Plan is subject to review and potential change from time to time, and any changes may include elimination or modification of the price floor on sales disclosed herein.

The 10b5-1 Sales Plan is attached hereto as Exhibit 99.11 and is incorporated herein by reference.

**Item 7.** **Material to be filed as Exhibits.** <br>

99.1 [Joint Filing Agreement, by and among the Reporting Persons, dated January 27, 2023.](d453369dex991.htm)

99.2 [Certificate of Designations of the Company (incorporated by reference to Exhibit 3.3 to the Issuer's Current Report on Form 8-K filed with the SEC on February 6, 2023).](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1814215/000110465922122913/twnd-20220930xs4a.htm)

99.3 [Amended and Restated Registration Rights and Lock-Up Agreement, dated August 5, 2022, by and among Tailwind and the parties listed on the signature pages thereto (incorporated by reference to Exhibit 10.3 to Tailwind's Current Report on Form 8-K filed with the SEC on August 8, 2022).](http://www.sec.gov/Archives/edgar/data/1814215/000110465922086905/tm2222600d1_ex10-3.htm)

99.4 [Amendment to Amended and Restated Registration Rights Lock-up, Agreement, dated November 22, 2022, by and among Tailwind and the Holders (defined therein) (incorporated by reference to Exhibit 10.2 to Tailwind's Current Report on Form 8-K filed with the SEC on November 22, 2022).](http://www.sec.gov/Archives/edgar/data/1814215/000110465922121227/tm2230465d1_ex10-2.htm)

99.5 [Second Amendment to Amended and Restated Registration Rights and Lock-Up Agreement, dated January 31, 2023, by and among Tailwind Acquisition Corp. and the other parties set forth on the signature pages thereto (incorporated by reference to Exhibit 10.2 to the Issuer's Form 8-K filed with the SEC on January 31, 2023).](http://www.sec.gov/Archives/edgar/data/1814215/000119312523020462/d317355dex102.htm)

99.6 [Third Amendment to Amended and Restated Registration Rights Lock-up Agreement, dated January 31, 2023, by and among Tailwind and the Holders (defined therein) (incorporated by reference to Exhibit 10.14 to the Issuer's Current Report on Form 8-K filed with the SEC on February 6, 2023).](http://www.sec.gov/Archives/edgar/data/1814215/000119312523025555/d399353dex1014.htm)

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CUSIP Number: 67021W103

99.7 [Preferred Stock Sale Option Agreement, dated August 5, 2022, by and among Tailwind and the parties listed on Schedule A thereto (incorporated by reference to Exhibit 10.4 to Tailwind's Current Report on Form 8-K filed with the SEC on August 8, 2022).](http://www.sec.gov/Archives/edgar/data/1814215/000110465922086905/tm2222600d1_ex10-4.htm)

99.8 [Amendment to Preferred Stock Sale Option Agreement, dated November 22, 2022, by and among Tailwind and the Holders (as defined therein) (incorporated by reference to Exhibit 10.3 to Tailwind's Current Report on Form 8-K filed with the SEC on November 22, 2022).](http://www.sec.gov/Archives/edgar/data/1814215/000110465922121227/tm2230465d1_ex10-3.htm)

99.9 [Second Amendment to Preferred Stock Sale Option Agreement, dated November 28, 2022, by and among Tailwind and the Holders (as defined therein) (incorporated by reference to Exhibit 10.1 to Tailwind's Current Report on Form 8-K filed with the SEC on November 29, 2022).](http://www.sec.gov/Archives/edgar/data/1814215/000110465922122539/tm2231409d1_ex10-1.htm)

99.10 [Anzu Designee Letter Agreement dated November 28, 2022, by and among Tailwind and the Holders (as defined therein) (incorporated by reference to Exhibit 10.2 to Tailwind's Current Report on Form 8-K filed with the SEC on November 29, 2022).](http://www.sec.gov/Archives/edgar/data/1814215/000110465922122539/tm2231409d1_ex10-2.htm)

99.11 [Rule 10b5-1 Sales Plan, dated December 12, 2022, by and among the Reporting Persons and Tigress Financial Partners LLC.](d453369dex9911.htm)

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CUSIP Number: 67021W103

**SIGNATURES** 

After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned, severally and not jointly, certifies that the information set forth in this statement is true, complete and correct.

Dated: February 7, 2023

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| | | | |
|:---|:---|:---|:---|
| Anzu Nuburu LLC | Anzu Nuburu LLC | Anzu Nuburu II LLC | Anzu Nuburu II LLC |
| By: | /s/ David Seldin <br>| By: | /s/ David Seldin <br>|
| Name: David Seldin  | Name: David Seldin  | Name: David Seldin  | Name: David Seldin  |
| Title: Manager | Title: Manager | Title: Manager | Title: Manager |
| Anzu Nuburu III LLC | Anzu Nuburu III LLC | Anzu Nuburu V LLC | Anzu Nuburu V LLC |
| By: | /s/ David Seldin <br>| By: | /s/ David Seldin <br>|
| Name: David Seldin  | Name: David Seldin  | Name: David Seldin  | Name: David Seldin  |
| Title: Manager | Title: Manager | Title: Manager | Title: Manager |
| Anzu Partners LLC | Anzu Partners LLC | David M. Seldin | David M. Seldin |
| By: | /s/ David Seldin <br>| /s/ David M. Seldin | /s/ David M. Seldin |
| Name: David Seldin  | Name: David Seldin  |  |  |
| Title: Manager | Title: Manager |  |  |
| David & Jennifer Michael Family Ltd Partnership | David & Jennifer Michael Family Ltd Partnership | CST Global LLC | CST Global LLC |
| By: | /s/ David Michael <br>| By: | /s/ David Michael <br>|
| Name: David Michael  | Name: David Michael  | Name: David Michael  | Name: David Michael  |
| Title: General Partner | Title: General Partner | Title: Manager | Title: Manager |
| Whitney Haring-Smith | Whitney Haring-Smith | Debrah Herman | Debrah Herman |
| /s/ Whitney Haring-Smith | /s/ Whitney Haring-Smith | /s/ Debrah Herman | /s/ Debrah Herman |
| Daniel Hirsch | Daniel Hirsch |  |  |
| /s/ Daniel Hirsch | /s/ Daniel Hirsch |  |  |

---

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CUSIP Number: 67021W103

<u>Schedule A</u> 

Anzu Partners LLC

Managing Partner David Seldin <br> Managing Partner Whitney Haring-Smith

Anzu Nuburu LLC

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| | |
|:---|:---|
| Manager | David Seldin |
| Manager | Daniel Hirsch |
| Manager | Debrah Herman |

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Anzu Nuburu II LLC

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| | |
|:---|:---|
| Manager | David Seldin |
| Manager | Daniel Hirsch |
| Manager | Debrah Herman |

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Anzu Nuburu III LLC

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| | |
|:---|:---|
| Manager | David Seldin |
| Manager | Daniel Hirsch |
| Manager | Debrah Herman |

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Anzu Nuburu V LLC

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| | |
|:---|:---|
| Manager | David Seldin |
| Manager | Daniel Hirsch |
| Manager | Debrah Herman |

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CST Global LLC

Manager David Michael

David & Jennifer Michael Family Ltd Partnership

General Partner David Michael

## Exhibit 99.1

**Exhibit 99.1** 

**<u>JOINT FILING AGREEMENT</u>**

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including amendments thereto) with respect to the shares of common stock, par value $0.0001 per share, of Nuburu, Inc., a Delaware corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.

Dated: January 27, 2023

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| | | | |
|:---|:---|:---|:---|
| Anzu Nuburu LLC | Anzu Nuburu LLC | Anzu Nuburu II LLC | Anzu Nuburu II LLC |
| By: | /s/ David Seldin | By: | /s/ David Seldin |
| Name: David Seldin | Name: David Seldin | Name: David Seldin | Name: David Seldin |
| Title: Manager | Title: Manager | Title: Manager | Title: Manager |
| Anzu Nuburu III LLC | Anzu Nuburu III LLC | Anzu Nuburu V LLC | Anzu Nuburu V LLC |
| By: | /s/ David Seldin | By: | /s/ David Seldin |
| Name: David Seldin | Name: David Seldin | Name: David Seldin | Name: David Seldin |
| Title: Manager | Title: Manager | Title: Manager | Title: Manager |
| Anzu Partners LLC | Anzu Partners LLC | David M. Seldin | David M. Seldin |
| By: | /s/ David Seldin | /s/ David Seldin | /s/ David Seldin |
| Name: David Seldin | Name: David Seldin |  |  |
| Title: Manager | Title: Manager |  |  |
| David & Jennifer Michael Family Ltd Partnership | David & Jennifer Michael Family Ltd Partnership | CST Global LLC | CST Global LLC |
| By: | /s/ David Michael | By: | /s/ David Michael |
| Name: David Michael | Name: David Michael | Name: David Michael | Name: David Michael |
| Title: General Partner | Title: General Partner | Title: Manager | Title: Manager |
| Whitney Haring-Smith | Whitney Haring-Smith | Debrah Herman | Debrah Herman |
| /s/ Whitney Haring-Smith | /s/ Whitney Haring-Smith | /s/ Debrah Herman | /s/ Debrah Herman |
| Daniel Hirsch | Daniel Hirsch |  |  |
| /s/ Daniel Hirsch | /s/ Daniel Hirsch |  |  |

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## Exhibit 99.11

**Exhibit 99.11** 

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| | |
|:---|:---|
| ![LOGO](g453369page0.jpg) | **Tigress Financial Partners** |

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**TIGRESS FINANCIAL PARTNERS** 

**RULE 10b5-1 SALES PLAN** 

**(Stock Only – Registered Resale)** 

*NOTE: This Sales Plan conveys the Sellers' indication of the amount, price, and date of stock sales with such specificity that Tigress Financial Partners does not have any discretion over how, when, and whether to sell stock (other than the discretion inherent in applying ordinary principles of best execution).* 

Sales Plan (together with all Exhibits hereto, this "Sales Plan") dated as of December 12, 2022 (the "Sales Plan Execution Date") and to become effective on the first regular trading day after the effectiveness of the resale registration statement on Form S-1 (the "Resale Registration Statement") of Nuburu, Inc. (the "Issuer"), such name being the new name of Tailwind Acquisition Corp. after its business combination with Nuburu, Inc. (such entity, the "Target"; such business combination, the "Business Combination"; and such effective date, the "Sales Plan Effective Date") between Anzu Nuburu LLC, Anzu Nuburu II LLC, Anzu Nuburu III LLC, Anzu Nuburu V LLC (the various limited liability companies being referred to as the "Anzu SPVs"), Anzu Partners LLC, David M. Seldin, David & Jennifer Michael Family Ltd Partnership, CST Global LLC and Whitney Haring-Smith (collectively, "Sellers") and Tigress Financial Partners LLC ("Tigress"), acting as agent.

**A.** **Recitals** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. This Sales Plan is entered into by and among the Sellers and Tigress for the purpose of establishing a trading
plan that complies with the requirements of Rule 10b5-1(c)(1) under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Sellers are establishing this Sales Plan in order to permit the orderly disposition of a portion of
Seller's holdings of the common stock, par value $0.0001 per share of the Issuer that will be received by the Sellers from the Issuer as consideration in the Business Combination (such shares of common stock received by the Sellers as
consideration in the Business Combination, but for clarity, excluding (i) any shares of preferred stock received by the Sellers as a result of any preferred stock issued by the Issuer in connection with the Business Combination, including the
"Preferred Stock Issuance" contemplated by the definitive agreement governing the Business Combination, (ii) any shares of preferred stock underlying any warrant issued to Anzu Partners LLC in connection with that certain Letter
Agreement dated as of August 30, 2022 between Nuburu, Inc. and Anzu Partners LLC, (iii) any preferred stock that may become issuable to the Sellers in connection with the transactions contemplated by that certain Preferred Stock Sale
Option Agreement dated as of August 5, 2020 (as it may be amended from time to time) between certain of the Sellers and the Issuer and (iv) any common stock that may be issued or become issuable in respect of the stock described in the
foregoing clauses (i) through (iii), inclusive, the "Stock"), which is expected to be trading on NYSE American LLC (the "Principal Market").

Member FINRA / MSRB / SIPC

Tigress Financial Partners LLC \| 410 Park Avenue 12<sup>th</sup> Floor, New York, New York 10022 \| (P) 212-430-8700 \| (F) 646-862-2908

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| ![LOGO](g453369page01.jpg) | Page 2 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Issuer intends to merge with the "Target" at which time the Issuer will be renamed Nuburu, Inc.,
subject to a business combination transaction that has been publicly announced in August 2022 and where the first S-4 filing occurred in September 2022. The closing of this business combination is referred to
as the "Closing."

**B.** **Seller's Representations, Warranties, and Covenants** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Each Seller represents and warrants to Tigress that, as of the Sales Plan Execution Date, such Seller is not
aware of any material nonpublic information concerning the Issuer or its securities and is not subject to any legal, regulatory, or contractual restriction or undertaking that would prevent Tigress from conducting the trading plan in accordance with
the Sales Plan with respect to such Seller. Each Seller is entering into this Sales Plan in good faith and not as part of a plan or scheme to evade compliance with the federal securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Each Seller represents and warrants to Tigress that, as of the Sales Plan Execution Date, the securities to be
sold under this Sales Plan by such Seller are owned free and clear by such Seller (subject, in the case of shares underlying preferred stock or warrants, only to the compliance by the respective Seller with the exercise or conversion provisions
relating thereto) and are not subject to any liens, security interests or other encumbrances or limitations on disposition other than those that may be imposed by Rule 144 under the Securities Act of 1933, as amended (the "Securities Act")
and, in the case of the Anzu SPVs, the Amended and Restated Registration Rights and Lock-up Agreement dated as of August 5, 2022, as amended as of November 22, 2022 and as it may be further amended
from time to time (the "Registration Rights Agreement").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. While this Sales Plan is in effect, unless this Sales Plan is modified or terminated in accordance with the
terms hereof each Seller agrees not to alter or deviate from the terms of this Sales Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Each Seller agrees to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Provide Tigress with a certificate dated as of the Sales Plan Effective Date and signed by the Issuer
substantially in the form of Exhibit A (Issuer Representation) to this Sales Plan prior to commencement of the Plan Sales Period (as defined below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Each Seller agrees to notify Tigress' Corporate Executive Services Department by telephone at the number
set forth in paragraph G.4 below as soon as practicable if such Seller becomes aware of (i) the occurrence of any event contemplated by paragraph 3 of the certificate set forth as Exhibit A to this Sales Plan; or (ii) a change in the
Issuer's insider trading policies, so that the sales to be made by Tigress for the account of such Seller pursuant to the Sales Plan would violate these policies. In the case of a notice relating to clause (i) above, such notice shall
indicate the anticipated duration of the restriction but shall not include any other information about the nature of the restriction or its applicability to such Seller and shall not in any way communicate any material nonpublic information about
the Issuer or its securities to Tigress. Such notice shall be in addition to the notice required to be given to Tigress by the Issuer pursuant to the certificate set forth as Exhibit A to this Sales Plan. Each Seller represents and warrants to
Tigress that the execution and delivery of this Sales Plan by such Seller and the transactions contemplated by this Sales Plan will not contravene any provision of applicable law or any agreement or other instrument binding on such Seller or any
judgment, order or decree of any governmental body, agency or court having jurisdiction over such Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Each Seller agrees with respect to the Stock subject to trading pursuant to this Sales Plan, that until this
Sales Plan has been terminated such Seller shall not adopt a plan for trading with respect to Stock other than this Sales Plan. The Stock subject to this Sales Plan is listed in Exhibit B.

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|:---|:---|
| ![LOGO](g453369page01.jpg) | Page 3 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Each Seller agrees that it shall not, directly, or indirectly, communicate any material, nonpublic information
relating to the Stock or the Issuer to any employee of Tigress or its affiliates who is involved, directly or indirectly, in executing this Sales Plan at any time while this Sales Plan is in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Each Seller agrees:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. to make all filings, if any, required under Sections 13(d), 13(g) and 16 of the Exchange Act in a timely
manner, to the extent any such filings are applicable to Seller. In order to enable compliance with such filing requirements, Tigress agrees to transmit transaction information for open market transactions under this Sales Plan via email to Issuer
no later than the close of business on the day of any sale. Emails with transaction information shall be sent to Issuer representatives at:

NAME. <u>brian.knaley@nuburu.net; debrah@anzupartners.com</u>

CC: <u>mes@anzupartners.com, jsabl@anzupartners.com, dms@anzupartners.com, whs@anzupartners.com, dcm@anzupartners.com</u>; djh@anzupartners.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. that such Seller shall at all times during the Plan Sales Period (as defined below), in connection with the
performance of this Sales Plan, comply with all applicable laws, including, without limitation, Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Each Seller acknowledges and agrees that such Seller does not have, and shall not attempt to exercise, any
influence over how, when or whether to effect sales of Stock under this Sales Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Each Seller acknowledges and agrees that such Seller has not entered into or altered a corresponding or hedging
transaction or position with respect to the securities subject to this Sales Plan and agrees not to enter into any such transaction while this Sales Plan is in effect.

**C.** **Implementation of the Plan** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Each Seller hereby appoints Tigress to sell shares of Stock owned by it pursuant to the terms and conditions
set forth below. Subject to such terms and conditions, Tigress hereby accepts such appointment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Tigress is authorized to begin selling Stock under this Sales Plan on the Sales Plan Effective Date, at the
open of the Principal Market and shall cease selling Stock on the earliest to occur of: (i) the date on which Tigress is required to terminate sales under this Sales Plan pursuant to paragraph D.1.a below; (ii) with respect to
Mr. Seldin or Mr. Haring-Smith, the date on which Tigress receives notice of the death of Mr. Seldin or Mr. Haring-Smith; (iii) the date that the Issuer or any other person publicly announces a tender or exchange offer with
respect to the Stock; (iv) the date of public announcement of a merger, acquisition, reorganization, recapitalization or comparable transaction affecting the securities of the Issuer as a result of which the Stock will be exchanged or converted
into shares of another company; (v) with respect to the relevant Seller, the date on which Tigress receives notice of the commencement of any proceedings in respect of or triggered by such Seller's bankruptcy or insolvency; (vi) the
date on which Tigress, Issuer or the relevant Seller reasonably determines that the Sales Plan does not comply with Rule 10b5-1 or applicable securities laws; and (vii) (specify, by checking one or more of the
boxes below, the date upon which Tigress will cease selling stock):

☒ the earlier of December 29, 2023 at the close of the Principal Market on such date, or

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☒ the date that the aggregate number of shares of Stock sold under this Sales Plan results in no remaining shares of Stock available for Tigress to sell

(such period, the "Plan Sales Period").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Tigress shall sell the Daily Sale Amount (as defined below) for the account of the respective Sellers on each
Sale Day (as defined below), subject to the following restrictions, if desired (check each applicable box):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The "Minimum Sale Price" shall be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ Tigress shall not sell any shares of Stock under this Sales Plan at a price of less than $5.00 per share
(before deducting commissions and other expenses of sale) (the "Minimum Sale Price") AND

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ Tigress shall not sell any shares of Stock under this Sales Plan at a price less than the 10-day VWAP as calculated pursuant to the Registration Rights Agreement, AND

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The "Daily Sale Amount" for any Sale Day shall be (please check the applicable box to indicate the
amount of Stock that Tigress is to sell on each Sale Day):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ up to 30% of the traded volume of that Sale Day

Number of Shares of Stock to be Sold:

☒ Determined in accordance with the above formula in paragraph C.3.c above and paragraph C.3.d above

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Subject to the restrictions set forth in paragraph C.3.c above, Tigress shall sell the Daily Sale Amount on
each Sale Day under ordinary principles of best execution at the then-prevailing market price utilizing VWAP algorithm. The Market Open trigger price is not a limit price for execution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Subject to the restrictions set forth in paragraph C.3.d above, Tigress shall sell the Daily Sale Amount on
each Sale Day under ordinary principles of best execution at the then-prevailing market price with a Market Order. The Market Open trigger price is not a limit price for execution.

Tigress shall sell in the following ratio from the Sellers up to the following levels of total proceeds:

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| | |
|:---|:---|
|  Anzu Nuburu LLC | 21.9333% |
|  Anzu Nuburu II LLC | 10.0802% |
|  Anzu Nuburu III LLC | 8.3171% |
|  Anzu Nuburu V LLC | 55.0340% |
|  Anzu Partners LLC | 1.0153% |
|  David Seldin | 2.8367% |
|  CST Global LLC | 0.1302% |
|  David & Jennifer Michael Family Ltd Partnership | 0.5881% |
|  Whitney Haring-Smith | 0.0651% |
|  **Total** | **100.0%** |

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If, following these formulas, one of the Sellers shall have no remaining Stock that can be sold at such time, Tigress shall sell in accordance with the relative ratios excluding the depleted Seller(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. If, consistent with ordinary principles of best execution or for any other reason, Tigress cannot sell the
Daily Sale Amount on any Sale Day, then (select one):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☒ the amount of such shortfall may be sold as soon as practicable on the immediately succeeding Trading Day under
ordinary principles of best execution.

Nevertheless, if any such shortfall exists after the close of trading on the last Trading Day of the Plan Sales Period, Tigress's authority to sell such shares for the account of the Sellers under this Sales Plan shall terminate.

The Daily Sale Amount and the Minimum Sale Price, if applicable, shall be adjusted automatically on a proportionate basis to take into account any stock split, reverse stock split or stock dividend with respect to the Stock or any change in capitalization with respect to the Issuer that occurs during the Plan Sales Period.

Following each sale of Stock, Tigress shall transmit the funds associated with the sale to the respective Seller account once settled, less commissions and fees as described in this document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Tigress shall not sell Stock under this Sales Plan with respect to a Seller at any time when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Tigress, in its sole discretion, has determined that a market disruption, banking moratorium, outbreak or
escalation of hostilities or other crisis or calamity has occurred, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Tigress, in its sole discretion, has determined that it is prohibited from doing so by a legal, contractual, or
regulatory restriction applicable to it or its affiliates or to Seller or Seller's affiliates (other than any such restriction relating to Seller's possession or alleged possession of material nonpublic information about the Issuer or the
Stock), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Tigress has received notice from the Issuer or such Seller of the occurrence of any event contemplated by
paragraph 3 or 4 of the certificate set forth as Exhibit A to this Sales Plan, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Tigress has received notice from such Seller to terminate this Sales Plan with respect to such Seller in
accordance with paragraph D.1 below; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Any person who exercises influence on Tigress's behalf over how, when or whether to effect sales pursuant
to this Sales Plan is aware of any material non-public information relating to the Issuer or its securities.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Each Seller agrees to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Deliver the total shares of Stock to be sold under this Sales Plan with respect to such Seller (with the amount
to be estimated by such Seller in good faith, if the Daily Sale Amount is designated as an aggregate dollar amount) (the "Plan Shares"), into an account at Tigress in the name of and for the benefit of such Seller (each, a "Plan
Account") and the Stock will be in street name, electronically transferable form, without legend or stop transfer within the Plan Account prior to the close of the Principal Market on the business day preceding the commencement of sales under
this Sales Plan or this Sales Plan will automatically terminate with respect to such Seller; provided, that,. with respect to certain Sellers some or all of the shares to be deposited will be Series A preferred stock which are not electronically
transferable but will require conversion into Stock prior to settlement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Tigress shall withdraw Stock from the relevant Plan Account in order to effect sales of Stock under this Sales
Plan. Tigress agrees to notify the relevant Sellers promptly if at any time during the Plan Sales Period the number of shares of Stock in the relevant Plan Account is less than the number of Plan Shares remaining to be sold under this Sales Plan
with respect to such Seller. Upon such notification, such Seller agrees to deliver promptly to the relevant Plan Account the number of shares of Stock necessary to eliminate this shortfall.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. To the extent that any Stock remains in the Plan Account after the end of the Plan Sales Period or upon
termination of this Sales Plan, Tigress agrees to return such Stock promptly to the Issuer's transfer agent for relending to the extent that such Stock would then be subject to transfer restrictions in the hands of the relevant Seller.

Tigress shall in no event (other than with respect to Stock issuable upon conversion of Series A Preferred stock) effect any sale under this Sales Plan with respect to a Seller if the Stock to be sold is not in the relevant Plan Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Tigress may sell Stock on any national securities exchange, in the over-the-counter market, on an automated trading system or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Each Seller may instruct Tigress to sell or purchase shares of Stock, other than the shares of stock subject to
this Sales Plan. The Parties hereto agree that any such sale or purchase transaction (i) will not be deemed to modify this Sales Plan with respect to any Seller unless such Sell so requests in writing in accordance with paragraph D.1.d below
and (ii) and will be given by such Seller to Tigress only is such transaction does not contravene any of the representations, warranties or covenants of such Seller set forth in paragraph B of this Sales Plan.

**D.** **Amendment and Termination** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. This Sales Plan may not be terminated prior to the end of the Plan Sales Period, except that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. it may be terminated with respect to a Seller by such Seller at any time upon one day's prior written
notice sent to Tigress's Corporate Executive Services Department at the address or fax number set forth in paragraph G.4 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. it may be terminated pursuant to paragraph C.4.d of this Sales Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. it may be, at Tigress's option, terminated if Tigress has received notice from the Issuer of the
occurrence of any event contemplated by paragraph 3 or 4 of the certificate set forth as Exhibit A to this Sales Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. In the event of a termination of this Sales Plan prior to the end of the Plan Sales Period, such Seller shall
be subject to the applicable restrictions set forth in the Issuer's insider trading policy with respect to any shares of Stock subject to this Sales Plan.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Notwithstanding the provisions of paragraph D.1. herein, this Sales Plan may only be amended (as opposed to
terminated) pursuant to the Issuer's insider trading policy and only after pre-clearance by the Issuer. In the event of any amendment or modification to this Sales Plan during its term, such Seller shall
be subject to the applicable restrictions set forth in the Issuer's insider trading policy with respect to any shares of Stock subject to this Sales Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. This Plan may be amended by a Seller only upon the written consent of Tigress and receipt by Tigress of the
following documents, each dated as of the date of such amendment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a representation signed by the Issuer substantially in the form of Exhibit A to this Sales Plan, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a certificate signed by such Seller certifying that the representations and warranties of such Seller contained
in this Sales Plan are true at and as of the date of such certificate as if made at and as of such date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Issuer must be promptly notified of any modification or termination of this Sales Plan, including any
suspension of trading under this Sales Plan.

**E.** **Indemnification; Limitation of Liability** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Each Seller, severally and not jointly, agrees to indemnify and hold harmless Tigress and its directors,
officers, employees and affiliates from and against all claims, losses, damages and liabilities (including, without limitation, any legal or other expenses reasonably incurred in connection with defending or investigating any such action or claim)
arising out of or attributable to Tigress's actions taken or not taken in compliance with this Sales Plan or arising out of or attributable to any breach by Seller of this Sales Plan (including such Seller's representations and warranties
in this Sales Plan) or any violation by such Seller of applicable laws or regulations; provided, however, that the indemnification provisions of this paragraph E.1.a shall not apply in the case of any claims, losses, damages or liabilities finally
judicially determined to have resulted from Tigress's gross negligence or willful misconduct or breach of this Sales Plan. This indemnification shall survive termination of this Sales Plan. Notwithstanding any other provision of this Sales
Plan, nor party shall be liable to any other party for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) special, indirect, punitive, exemplary, or consequential damages, or incidental losses or damages of any kind,
even if advised of the possibility of such losses or damages or if such losses or damages could have been reasonably foreseen, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any failure to perform or to cease performance or any delay in performance that results from a cause or
circumstance that is beyond its reasonable control, including but not limited to failure of electronic or mechanical equipment, strikes, failure of common carrier or utility systems, severe weather, market disruptions or other causes commonly known
as "acts of God."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Each Seller represents and warrants that it has consulted with such Seller's own advisors as to the legal,
tax, business, financial and related aspects of, and has not relied upon Tigress or any person affiliated with Tigress in connection with such Seller's adoption and implementation of this Sales Plan.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Each Seller acknowledges and agrees that in performing Seller's obligations under this Sales Plan, neither
Tigress nor any of its affiliates nor any of their respective officers, employees or other representatives is exercising any discretionary authority or discretionary control respecting management of Seller's assets, or exercising any authority
or control respecting management or disposition of Seller's assets, or otherwise acting as a fiduciary (within the meaning of Section 3(21) of the Employee Retirement Income Security Act of 1974, as amended, or Section 2510.3-21 of the Regulations promulgated by the United States Department of Labor) with respect to Seller or Seller's assets. Without limiting the foregoing, each Seller further acknowledges and
agrees that neither Tigress nor any of its affiliates nor any of their respective officers, employees or other representatives has provided any "investment advice" within the meaning of such provisions, and that no views expressed by any
such person will serve as a primary basis for investment decisions with respect to such Seller's assets.

**F.** **Agreement to Arbitrate Certain Disputes** 

The following disclosure is required by various regulatory bodies but should not limit the applicability of the following arbitration provision to or in any claim or controversy which may arise between a Seller and Tigress.

This Agreement contains a pre-dispute arbitration clause. By signing this Sales Plan, which includes the following arbitration agreement, the parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Arbitration is final and binding on the parties. All parties to this Agreement are giving up the right to sue
each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The parties are waiving their right to seek remedies in court, including the right to a jury trial. Arbitration
awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Pre-arbitration discovery is generally more limited than and different
from court proceedings. The ability of the parties to obtain documents, witness statements, and other discovery is generally more limited in arbitration than in court proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The arbitrators' award is not required to include factual findings or legal reasoning, and any party's
right to appeal or seek modifications of rulings of the arbitrators is strictly limited. The arbitrators do not have to explain the reason(s) for their award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the
securities industry.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a
claim that is ineligible for arbitration may be brought in court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The rules of the arbitration forum in which the claim is filed, and any amendments thereto, are hereby
incorporated into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The award of the arbitrators or of the majority of them shall be final, and judgment upon the award rendered may
be entered in any court, state or federal, having jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute
arbitration agreement against any person who has initiated in court a putative class action, or who is a member of a putative class action who has not opted out of the class with respect to any claims encompassed by the putative class action until:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the class certification is denied; or (ii) the class is decertified; or (iii) the Seller is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each Seller agrees, and in consideration of Tigress carrying an account for such Seller, Tigress agrees, that all
controversies which may arise between any Seller and Tigress, including any dispute involving Tigress's present or former agents, employees, officers, and directors and including, but not limited to those involving transactions in this or any
other account you have individually or jointly with or on behalf of another party at Tigress, including those in which such Seller has a beneficial interest, or the construction, performance, or breach of this or any other agreement between such
Seller and Tigress, whether entered into prior, on, or subsequent to the date hereof, shall be fully and finally determined by binding arbitration. Any arbitration under this Agreement shall be determined pursuant to the arbitration laws of the
State of New York and Federal Arbitration Act, where applicable, before the Financial Industry Regulatory Authority (FINRA).

If a Seller files a complaint in court against Tigress its present or former employees, officers, or directors, Tigress may seek to compel arbitration of any such claims. If Tigress seeks to compel arbitration of such claims, Tigress must agree to arbitrate all of the claims contained in the complaint if the Seller so requests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Each Seller acknowledges that the preferred forum for any dispute resolution involving controversies which may
arise between such Seller and Tigress is through arbitration pursuant to the terms of the arbitration provision found in this Agreement. In the unlikely event any controversy or dispute arising under this Agreement with Tigress is determined to be
ineligible for arbitration, such Seller agrees as follows: SUCH SELLER AND TIGRESS SHALL NOT EXERCISE ANY RIGHTS THEY MAY HAVE TO ELECT OR DEMAND A TRIAL BY JURY. Each Seller and Tigress hereby expressly waive any right to a trial by jury. Each
Seller and Tigress acknowledges and agrees that this provision is a specific and material aspect of the agreement between the parties and that Tigress would not enter into this Agreement with the Sellers if this provision were not part of the
agreement.

Dispute Resolution Locale: Any suit, arbitration proceeding, reparation proceeding, claim, or action against Tigress or its present or past officers, agents, or employees shall be brought and heard in the city where the branch sales office of Tigress is or was located with which the Sellers dealt. If the court, arbitration forum, or reparations tribunal does not conduct hearings in that city, then any such action must be brought and heard in the locale closest to that city in which the court, arbitration forum, or reparations tribunal conducts hearings. This paragraph shall apply even if Seller has related disputes with other parties which cannot be resolved in the same locale.

**G.** **General** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Each Seller shall pay Tigress $0.0125 per share of the Stock sold for the account of such Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Each Seller and Tigress acknowledge and agree that this Sales Plan is a "securities contract," as
such term is defined in Section 741(7) of Title 11 of the United States Code (the "Bankruptcy Code"), entitled to all of the protections given such contracts under the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. This Sales Plan constitutes the entire agreement between the parties with respect to this Sales Plan and
supersedes any prior agreements or understandings with regard to the Sales Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. All notices to Tigress under this Sales Plan shall be given to Tigress Corporate Executive Services Department
in the manner specified by this Sales Plan by telephone at (212) 430-8750 by facsimile at (646) 862-2908 or by certified mail to the address below:

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|:---|:---|
| TIGRESS FINANCIAL PARTNERS LLC<br>410 Park Avenue, 12th Floor<br>New York, NY 10022<br>Attention: Corporate Executive Services | Notices to the Issuer shall be given to:<br>NUBURU, INC. (fka TAILWIND ACQUISITION CORPORATION)<br>Address: 7442 Tucson Way, Suite 130, Centennial, CO 80112<br>Attention: Chief Financial Officer<br>with a copy (which will not constitute notice) to:<br>Wilson Sonsini Goodrich & Rosati<br> Professional Corporation<br> 650 Page Mill Road<br> Palo Alto, CA 94304-1050<br> Attn: Brian Dillavou |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Each Party's rights and obligations under this Sales Plan may not be assigned or delegated without the
written permission of Tigress (if such assignment or delegation is by a Seller) or the affected Sellers (if such assignment or delegation is by Tigress), which may be withheld in such party's or parties' sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. This Sales Plan may be signed in any number of counterparts, each of which shall be an original, with the same
effect as if the signatures on all counterparts were upon the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. It is understood that each representation, warranty, covenant or agreement by a Seller is made severally and
not jointly with respect to any other Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. If any provision of this Sales Plan is or becomes inconsistent with any applicable present or future law, rule,
or regulation, that provision will be deemed modified or, if necessary, rescinded in order to comply with the relevant law, rule, or regulation. All other provisions of this Sales Plan will continue and remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. This Sales Plan shall be governed by and construed in accordance with the internal laws of the State of New
York, applicable to agreements made and to be fully performed therein and may be modified or amended only by a writing signed by the parties to this Sales Plan.

NOTICE: THIS AGREEMENT CONTAINS A PRE-DISPUTE ARBITRATION CLAUSE IN PARAGRAPH F.

(Remainder of page left intentionally blank)

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|:---|:---|
| ![LOGO](g453369page0.jpg) | **Tigress Financial Partners** |

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IN WITNESS WHEREOF, the undersigned have signed this Sales Plan as of the date first written above.

Date: December 12, 2022

TIGRESS FINANCIAL PARTNERS LLC

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| | |
|:---|:---|
| By: | /s/ Cynthia DiBartolo |
| Name: Cynthia DiBartolo | Name: Cynthia DiBartolo |
| Title: CEO | Title: CEO |

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Member FINRA / MSRB / SIPC

Tigress Financial Partners LLC \| 410 Park Avenue 12<sup>th</sup> Floor, New York, New York 10022 \| (P) 212-430-8700 \| (F) 646-862-2908

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**SELLERS** 

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| | |
|:---|:---|
| Anzu Nuburu LLC<br>By: <u>/s/ David Seldin</u> <br> Name: David Seldin<br> Title: Manager | Anzu Nuburu II LLC<br>By: <u>/s/ David Seldin</u> <br> Name: David Seldin<br> Title: Manager |
| Anzu Nuburu III LLC<br>By: <u>/s/ David Seldin</u> <br> Name: David Seldin<br> Title: Manager | Anzu Nuburu V LLC<br>By: <u>/s/ David Seldin</u> <br> Name: David Seldin<br> Title: Manager |
| Anzu Partners LLC<br>By: <u>/s/ David Seldin</u> <br> Name: David Seldin<br> Title: Manager | David M. Seldin<br><u>/s/ David Seldin</u>  |
| David & Jennifer Michael Family Ltd Partnership<br>By: <u>/s/ David Michael</u> <br> Name: David Michael<br> Title: General Partner | CST Global LLC<br>By: <u>/s/ David Michael</u> <br> Name: David Michael<br> Title: Manager |
| Whitney Haring-Smith<br><u>/s/ Whitney Haring-Smith</u>  |  |

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**EXHIBIT A** 

**ISSUER REPRESENTATION** 

1. Nuburu, Inc. (the "Issuer") represents that it has approved the Sales Plan dated as of
December 12, 2022 between Anzu Nuburu LLC, Anzu Nuburu II LLC, Anzu Nuburu III LLC, Anzu Nuburu V LLC (the various limited liability companies being referred to as the "Anzu SPVs"), Anzu Partners LLC, David M. Seldin, David &
Jennifer Michael Family Ltd Partnership, CST Global LLC and Whitney Haring-Smith (collectively, "Sellers") and Tigress Financial Partners LLC ("Tigress") relating to certain common stock, par value $0.0001 per share of the Issuer
(as further defined, and subject to the exclusions contained in the definition of "Stock," in the Sales Plan, the "Stock").

2. The Issuer confirms the following with regard to Sellers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Position/Affiliation with Issuer: Affiliate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Is Seller a Form 4 filer? [In all or most cases yes]

3. The sales to be made by Tigress for the account of Sellers under the Sales Plan will not violate the
Issuer's insider trading policies, and to the best of the Issuer's knowledge there are no legal, contractual, or regulatory restrictions applicable to any Seller or any Seller's affiliates as of the date of this representation that
would prohibit any Seller from entering into the Sales Plan or prohibit any sale under the Sales Plan.

4. The Issuer has an effective registration statement relating to resales of the Stock subject to the Sales Plan
and no stop order suspending such effectiveness has been issued under the Securities Act of 1933, as amended, and no proceedings for that purpose have been instituted or are pending or, to the knowledge of the Issuer, threatened by the Securities
and Exchange Commission.

Date: ____ __, 2023

Signature: ______________________

Print Name: _____________________

Title of Authorized Officer: ______________________

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**EXHIBIT B** 

**SECURITY DISCRIPTION** 

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| | |
|:---|:---|
| **Name:** | **Nuburu, Inc. - Common** |
| **Sec Type:** | **Common Stock** |
| **Principal Exchange:** | **NYSE American** |
| **PAR:** | **$0.0001 per share** |
| **Principal MIC:** | **XASE** |
| **Incorporation:** | **UNITED STATES (DE)** |
| **SIC Code:** | **3690** |
| **FIGI:** | **BBGOOXY98XVS** |
| **ISIN:** | **US67021W1036** |
| **CUSIP:** | **67021W103** |
| **SEDOL1** | **BMFXJ66 US** |
| **WPK #:** | **A2QCUZ** |
| **Seller:** | **Anzu Nuburu LLC** |
| **Number of Shares of Stock:** | **4024512** |
| **Name:** | **Nuburu, Inc. - Common** |
| **Sec Type:** | **Common Stock** |
| **Principal Exchange:** | **NYSE American** |
| **PAR:** | **$0.0001 per share** |
| **Principal MIC:** | **XASE** |
| **Incorporation:** | **UNITED STATES (DE)** |
| **SIC Code:** | **3690** |
| **FIGI:** | **BBGOOXY98XVS** |
| **ISIN:** | **US67021W1036** |
| **CUSIP:** | **67021W103** |
| **SEDOL1** | **BMFXJ66 US** |
| **WPK #:** | **A2QCUZ** |
| **Seller:** | **Anzu Nuburu II LLC** |
| **Number of Shares of Stock:** | **1851063** |

---

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| | |
|:---|:---|
| ![LOGO](g453369page01.jpg) | Page 15 |

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| | |
|:---|:---|
| **Name:** | **Nuburu, Inc. - Common** |
| **Sec Type:** | **Common Stock** |
| **Principal Exchange:** | **NYSE American** |
| **PAR:** | **$0.0001 per share** |
| **Principal MIC:** | **XASE** |
| **Incorporation:** | **UNITED STATES (DE)** |
| **SIC Code:** | **3690** |
| **FIGI:** | **BBGOOXY98XVS** |
| **ISIN:** | **US67021W1036** |
| **CUSIP:** | **67021W103** |
| **SEDOL1** | **BMFXJ66 US** |
| **WPK #:** | **A2QCUZ** |
| **Seller:** | **Anzu Nuburu III LLC** |
| **Number of Shares of Stock:** | **1521036** |
| **Name:** | **Nuburu, Inc. - Common** |
| **Sec Type:** | **Common Stock** |
| **Principal Exchange:** | **NYSE American** |
| **PAR:** | **$0.0001 per share** |
| **Principal MIC:** | **XASE** |
| **Incorporation:** | **UNITED STATES (DE)** |
| **SIC Code:** | **3690** |
| **FIGI:** | **BBGOOXY98XVS** |
| **ISIN:** | **US67021W1036** |
| **CUSIP:** | **67021W103** |
| **SEDOL1** | **BMFXJ66 US** |
| **WPK #:** | **A2QCUZ** |
| **Seller:** | **Anzu Nuburu V LLC** |
| **Number of Shares of Stock:** | **10127833** |

---

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| | |
|:---|:---|
| ![LOGO](g453369page01.jpg) | Page 16 |

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| | |
|:---|:---|
| **Name:** | **Nuburu, Inc. - Common** |
| **Sec Type:** | **Common Stock** |
| **Principal Exchange:** | **NYSE American** |
| **PAR:** | **$0.0001 per share** |
| **Principal MIC:** | **XASE** |
| **Incorporation:** | **UNITED STATES (DE)** |
| **SIC Code:** | **3690** |
| **FIGI:** | **BBGOOXY98XVS** |
| **ISIN:** | **US67021W1036** |
| **CUSIP:** | **67021W103** |
| **SEDOL1** | **BMFXJ66 US** |
| **WPK #:** | **A2QCUZ** |
| **Seller:** | **Anzu Partners LLC** |
| **Number of Shares of Stock:** | **178002** |
| **Name:** | **Nuburu, Inc. - Common** |
| **Sec Type:** | **Common Stock** |
| **Principal Exchange:** | **NYSE American** |
| **PAR:** | **$0.0001 per share** |
| **Principal MIC:** | **XASE** |
| **Incorporation:** | **UNITED STATES (DE)** |
| **SIC Code:** | **3690** |
| **FIGI:** | **BBGOOXY98XVS** |
| **ISIN:** | **US67021W1036** |
| **CUSIP:** | **67021W103** |
| **SEDOL1** | **BMFXJ66 US** |
| **WPK #:** | **A2QCUZ** |
| **Seller:** | **David Seldin** |
| **Number of Shares of Stock:** | **503141** |

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| | |
|:---|:---|
| ![LOGO](g453369page01.jpg) | Page 17 |

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| | |
|:---|:---|
| **Name:** | **Nuburu, Inc. - Common** |
| **Sec Type:** | **Common Stock** |
| **Principal Exchange:** | **NYSE American** |
| **PAR:** | **$0.0001 per share** |
| **Principal MIC:** | **XASE** |
| **Incorporation:** | **UNITED STATES (DE)** |
| **SIC Code:** | **3690** |
| **FIGI:** | **BBGOOXY98XVS** |
| **ISIN:** | **US67021W1036** |
| **CUSIP:** | **67021W103** |
| **SEDOL1** | **BMFXJ66 US** |
| **WPK #:** | **A2QCUZ** |
| **Seller:** | **David & Jennifer Michael Family Ltd Partnership** |
| **Number of Shares of Stock:** | **103101** |
| **Name:** | **Nuburu, Inc. - Common** |
| **Sec Type:** | **Common Stock** |
| **Principal Exchange:** | **NYSE American** |
| **PAR:** | **$0.0001 per share** |
| **Principal MIC:** | **XASE** |
| **Incorporation:** | **UNITED STATES (DE)** |
| **SIC Code:** | **3690** |
| **FIGI:** | **BBGOOXY98XVS** |
| **ISIN:** | **US67021W1036** |
| **CUSIP:** | **67021W103** |
| **SEDOL1** | **BMFXJ66 US** |
| **WPK #:** | **A2QCUZ** |
| **Seller:** | **CST Global LLC** |
| **Number of Shares of Stock:** | **24282** |

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|:---|:---|
| ![LOGO](g453369page01.jpg) | Page 18 |

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| | |
|:---|:---|
| **Name:** | **Nuburu, Inc. - Common** |
| **Sec Type:** | **Common Stock** |
| **Principal Exchange:** | **NYSE American** |
| **PAR:** | **$0.0001 per share** |
| **Principal MIC:** | **XASE** |
| **Incorporation:** | **UNITED STATES (DE)** |
| **SIC Code:** | **3690** |
| **FIGI:** | **BBGOOXY98XVS** |
| **ISIN:** | **US67021W1036** |
| **CUSIP:** | **67021W103** |
| **SEDOL1** | **BMFXJ66 US** |
| **WPK #:** | **A2QCUZ** |
| **Seller:** | **Whitney Haring-Smith** |
| **Number of Shares of Stock:** | **12141** |

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