Contribution and Spin-Off Distribution Agreement Sample Contracts

CONTRIBUTION AND SPIN-OFF DISTRIBUTION AGREEMENT by and between CASTOR MARITIME INC. and TORO CORP. dated as of ______________________, 2023

Contribution and Spin-Off Distribution Agreement • March 8th, 2023 • Toro Corp. • Deep sea foreign transportation of freight

• Contract Type
  Contribution and Spin-Off Distribution Agreement
• Filed
  March 8th, 2023
• Company
  Toro Corp.
• Industry
  Deep sea foreign transportation of freight

This CONTRIBUTION AND SPIN-OFF DISTRIBUTION AGREEMENT, dated as of _____________________, 2023 (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”.