The question is as the Title stated:
I picked a very easy example. However, I am afraid, I am missing something.
The two matrices that I picked are $$A = \begin{bmatrix}1& 0 \\ 0 & 0\end{bmatrix}\quad \text{and}\quad B =\begin{bmatrix}0 & 0 \\ 0 & 1\end{bmatrix}$$
My reasoning is that $$ \exp(A) = \begin{bmatrix}e^1& 0 \\ 0 & 0\end{bmatrix}\quad\text{and}\quad \exp(B) =\begin{bmatrix}0 & 0 \\ 0 & e^1\end{bmatrix}$$
$$\exp(A)\exp(B) = \begin{bmatrix}0 & 0 \\ 0 & 0\end{bmatrix}$$ and $$exp(A+B) = \begin{bmatrix} e^1 & 0 \\ 0 & e^1\end{bmatrix}.$$
Please check it for me