Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 294

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 294
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<div align='center'>F-19</div>

#### TABLE OF CONTENTS

### COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR

### Notes to Combined Carve-out Financial Statements

#### December 31, 2023 and 2024
(Expressed in thousands of U.S. dollars, except share and per share data, unless otherwise stated)

The balance due to Costamare Shipping as of December 31, 2023 and 2024 amounted to $3,178 and $2,393, respectively and is included in Due to related parties in the accompanying predecessor combined carve-out balance sheets. The balance due to Costamare Services at December 31, 2023 and 2024, amounted to $835 and $764 and is included in Due to related parties in the accompanying predecessor combined carve-out balance sheets.

Upon the completion of the internal reorganization discussed in Note 1, (i) the Company intends to enter into an agreement with Costamare Shipping for the provision of administrative, commercial and other services on terms substantially similar to the terms of the CMRE Framework Agreement (the “Framework Agreement”), and (ii) the vessel-owning companies intend to enter into an agreement with Costamare Services for the provision of chartering, sale and purchase, insurance and certain representation and administrative services on terms substantially similar to the terms of the CMRE Services Agreement (the “Services Agreement”).

(b) Local Agencies: Costamare Bulkers Services GmbH (“Local Agency A”), a company incorporated under the laws of the Republic of Germany, Costamare Bulkers Services ApS (“Local Agency B”) a company incorporated under the laws of the Kingdom of Denmark and Costamare Bulkers Services Co., Ltd. (“Local Agency D”) a company incorporated under the laws of Japan are controlled by Costamare’s Chairman and Chief Executive officer. Costamare Bulkers Services Pte. Ltd. (“Local Agency C” and together with Local Agency A, Local Agency B and Local Agency D, the “Local Agencies”) a company incorporated under the laws of the Republic of Singapore is controlled by Costamare’s Chief Financial Officer, who is also the Company’s Chief Executive Officer. CBI entered into separate Agency agreements with Local Agency A, Local Agency B and Local Agency C on November 14, 2023, as amended and restated on June 15, 2023, April 30, 2024 and December 16, 2024 and with Local Agency