Nuburu, Inc. and Nuburu Defense, LLC (jointly, the Company) entered into a Contractual Joint Venture Agreement with Maddox Defense Incorporated (Maddox) on February 26, 2026. The joint venture aims to develop a modular, containerized, mobile additive manufacturing platform for drone components, pods, mission-critical structural parts, and related components for defense and security applications. Phase I, the development phase, involves the Company funding up to $4,000,000 for Maddox's development of the first full operating container. The Company is entitled to a 10% Governance Allocation on the Development Funds and a total Reimbursable Amount consisting of funded Development Funds and the Governance Allocation. A Steering Committee with two representatives from each party will supervise Phase I, requiring majority approval for decisions. Phase II, the commercialization phase, will establish a new entity (NewCo) owned 60% by the Company and 40% by Maddox. NewCo will have a five-member board, with three appointed by the Company and two by Maddox, and will be the exclusive commercial vehicle for the Product. All distributable profits of NewCo will be allocated to the Company until the Reimbursable Amount is fully repaid, with Maddox's 40% equity pledged to the Company during this period. NewCo will serve as prime contractor for U.S. and EU/NATO contracts, with Maddox leading U.S. commercial engagement and the Company leading EU/NATO territories. The Agreement has an initial five-year term, automatically renewing for successive one-year terms unless notice of non-renewal is given 90 days prior to expiration.