Contribution and Spin Off Distribution Agreement Sample Contracts

CONTRIBUTION AND SPIN OFF DISTRIBUTION AGREEMENT by and between CASTOR MARITIME INC. and TORO CORP.

Contribution and Spin Off Distribution Agreement • December 30th, 2022 • Toro Corp. • Deep sea foreign transportation of freight

• Contract Type
  Contribution and Spin Off Distribution Agreement
• Filed
  December 30th, 2022
• Company
  Toro Corp.
• Industry
  Deep sea foreign transportation of freight

This CONTRIBUTION AND SPIN OFF DISTRIBUTION AGREEMENT, dated as of [•] (this “Agreement”), is entered into by and between Castor Maritime Inc., a Marshall Islands corporation (“Castor”), and Toro Corp., a Marshall Islands corporation (“SpinCo”). Each of Castor and SpinCo is referred to herein as a “Party” and collectively, as the “Parties”.