Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 228

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 228
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 Costamare Inc.’s respective businesses. The amount of either Costamare Inc.’s or our indemnification obligations will be reduced by any insurance proceeds the party being indemnified receives or other amounts actually recovered (including pursuant to any indemnity from a third party).

Restrictive Covenants. Costamare Inc. will be restricted from acquiring or owning dry bulk vessels or a controlling interest in a business that owns such vessels without offering us the opportunity to acquire such dry bulk vessels. However, if we are not willing or able to acquire such dry bulk vessels from Costamare Inc. within the periods set forth in the Separation and Distribution Agreement, Costamare Inc. will thereafter be free to own, operate and charter such dry bulk vessels.

Term / Termination . Prior to the distribution, Costamare Inc. will have the unilateral right to terminate the Separation and Distribution Agreement and all ancillary agreements at any time without our approval or consent. The Separation and Distribution Agreement may not be terminated following the completion of the distribution unless the parties mutually agree in writing to terminate it.

Other Matters Governed by the Separation and Distribution Agreement . Other matters governed by the Separation and Distribution Agreement include, without limitation, insurance arrangements, treatment of shared contracts, confidentiality, further assurances, treatment of outstanding guarantees and similar credit support, record retention and the exchange of and access to certain information, books and records.

Intercompany Arrangements. All agreements, arrangements, commitments and understandings, including intercompany accounts payable or accounts receivable, between us, on the one hand, and Costamare Inc., on the other hand, will terminate or will be settled effective as of the distribution.

Internal Transactions . Upon the terms and conditions set forth in the Separation and Distribution Agreement, we and Costamare Inc. will effect the Internal Transactions set forth in the schedules to the Separation and Distribution Agreement.

In connection with the Restructuring Transactions, Costamare Inc. will contribute $100 million of cash to Costamare Bulkers Holdings. As a result, immediately following the completion of the spin-off and the Restructuring Transactions, we expect to have cash or cash equivalents of not less than $100 million.

### Management Affiliations
Each of our owned vessels will be managed by Costamare Shipping, pursuant to the Framework Agreement. Costamare Shipping may subcontract certain services to other affiliated sub-managers, such as Navilands and Navilands (Shanghai), or subject to our consent, other