Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 226

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 226
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, 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.

As a result of the settlement of the intercompany arrangements and the completion of the Restructuring Transactions, Costamare Inc. will cause Costamare Bulkers Holdings to have cash or cash-equivalents of not less than $    immediately following the completion of the spin-off and the Restructuring Transactions.

### 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 third-party sub-managers. Costamare Shipping, together with our sub-managers, will provide our owned fleet with technical, crewing, commercial, provisioning, bunkering, sale and purchase, accounting and insurance services pursuant to separate ship-management agreements between each of our vessel-owning subsidiaries and Costamare Shipping and the relevant sub-manager. Costamare Services will provide our vessel-owning subsidiaries with chartering, sale and purchase, insurance and certain representation and administrative