Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 231

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 231
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 kind beyond the reasonable control of such party respectively for a period of two consecutive months or more (“Force Majeure”); or |

| • | in the case of the Framework Agreement, all supervision agreements and all ship-management agreements are terminated in accordance with their respective terms. |

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#### TABLE OF CONTENTS
If Costamare Shipping or Costamare Services terminates the Framework Agreement or the Services Agreement, as applicable, for any reason other than Force Majeure, or if we terminate either agreement pursuant to our ability to terminate with 12 months’ written notice, we will be obliged to pay to Costamare Shipping or Costamare Services, as applicable, a termination fee equal to (a) the number of full years remaining prior to December 31, 2040, times (b) the aggregate fees due and payable to Costamare Shipping or Costamare Services, as applicable, during the 12-month period ending on the date of termination (without taking into account any reduction in fees under the Framework Agreement to reflect that certain obligations have been delegated to another manager or provider); provided that the termination fee will always be at least two times the aggregate fees over the 12- month period described above. In addition, the separate ship-management agreements to which our vessels are subject may be terminated by either us or the applicable manager if the vessel is sold, becomes a total loss or is requisitioned.

#### Non-competition
In connection with the spin-off, Costamare Shipping will agree that during the term of the Framework Agreement, it will not provide, without our prior approval, any management services to any entity other than to us and our subsidiaries, Costamare Inc. and any of its subsidiaries and to entities controlled by Konstantinos Konstantakopoulos or members of his family and their affiliates, which we may provide under certain circumstances. Following the spin-off, Costamare Shipping will provide services to five vessels privately owned by Konstantinos Konstantakopoulos. Costamare Services will agree that during the term of the Services Agreement, it will not provide services to any entity other than our and Costamare Inc.’s subsidiaries, certain joint venture entities of Costamare Inc. and to entities controlled by Konstantinos Konstantakopoulos or members of his family and their affiliates, without our and Costamare Inc.’s prior written approval. We believe we will derive significant benefits from our exclusive relationship with Costamare Shipping and Costamare Services.

Our sub-managers, V.S