TERMS AND CONDITIONS

Effective Date: February 10, 2023

Any use of the website torocorp.com and its services by the visitor/user is subject to the full and unconditional agreement with the following terms which apply to all the contents in this website. Therefore, the visitor/user must read carefully these terms before using its services and, if he/she does not agree, he/she should not make use of such services and contents. Further use of the website’s services shall imply the explicit and unconditional acceptance of these terms. The visitor/user is requested to review from time to time the terms of use for any changes. The continued use of the torocorp.com website following the posting of changes will be considered as unconditional acceptance of these terms by the visitor/user. If any user does not agree with these terms, then he/she should refrain from visiting this website.

1. General Terms

Torocorp.com is an informational website created and operated by Toro Corp. Toro Corp. is a legally represented company, located in 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus (hereinafter the COMPANY), with the following contact details: e-mail ir@torocorp.com, telephone (+357) 25357767.

The COMPANY reserves the right to modify or revise the content of the website including the terms and conditions of use and trade, whenever deemed necessary, and undertakes to inform visitors of any changes through the pages of this website. Any modifications, additions and deletions shall enter into force when posted on the website. The continued used of this website shall mean the explicit and unconditional acceptance of such modifications, additions and deletions.

2. Intellectual Property

Copyright and Trademarks

All content of website, including all trade names, trademarks, logos, images, graphics, photographs, drawings, texts, software, settings etc. are the intellectual property of the COMPANY and are protected by the relevant provision of Cypriot Law, European Law and international conventions and treaties. The same protection extends to any third party intellectual property for which the COMPANY has received license to use for its own needs and exclusively for the operation of the website. Any copying, transfer or creation of derivative works based on this content or misleading the public about the real provider of the website is prohibited. Any reproduction, storage, republication, uploading, posting, modification, resale, propagation or transmission or any other use of this content in any manner or means for commercial and/or other purposes is permitted only with the prior written consent of the COMPANY or any other copyright owner.

Subject to the terms and conditions set forth herein and any applicable laws and regulations, the Company grants the user a non-transferable, personal, limited right to access and use the website and its contents. Therefore, users must refrain from any action intended to modify, reproduce, publication or use of the website and the information contained therein for any public and/or commercial purposes.

3. Information Offered

The COMPANY is responsible as to the accuracy, truth and completeness of the information listed in the website, regarding the identity and activities of the COMPANY. The company, in good faith, is not responsible and is not bound by electronic data entry made in error / mistake in the common experience and shall be entitled to correct these whenever it becomes aware of this.

4. Disclaimer

The Company shall take every possible and necessary measure to ensure the safe operation of this website. However, it does not guarantee under any circumstances that the content of the website will be provided free of viruses or other harmful components and shall not bear any such responsibility.

The Company reserves the right to suspend or interrupt access to the website for reasons or problems relating the host servers.

It shall not bear any liability for any civil or criminal claims or for any third party claims arising from the operation, use, replication or alteration of this website by unauthorised third parties in violation of the laws on the protection for intellectual, industrial property rights.

5. User Responsibility

The user agrees and undertakes to use this website as provided by the law and the moral ethics. The website and the services provided by the Company must be used exclusively for lawful purposes and in a manner restricting their use by third persons. Therefore, the user is obliged to refrain from acts or omissions that may cause damage or disrupt its services or restrict the use of the website by third persons.

By way of indication, the user hereby pledges to:

Not violate any article of legislation, provisions, regulations and the statutes;

Refrain from any publication and transmission of information which is libellous, defamatory or offensive both for the COMPANY and third persons; Refrain from publishing any content which is illegal, hostile, obscene, vulgar, may infringes the personality and privacy of any third person or is discriminatory in terms of race, sex, religion, nationality, physical disability, sexual orientation or age;

Refrain from any act which constitutes and infringement of trademarks, patents, trade secrets and intellectual and proprietary rights of the Company and third parties.

Any user who makes unlawful and contrary to moral ethics use of the services of the website, is liable for damages (direct and consequential). The Company reserves the right to claim compensation for any damage cause by the wrongful conduct of the user.

In case of a breach of the above terms by any user of the website, the Company reserves the right to exclude and disqualify any member from using our services, subject to all procedural reservations.

6. Applicable Law

These terms and conditions are governed and complemented by Cypriot Law, EU Law and the relevant international treaties. Any dispute arising from the application of these terms and conditions shall be settled by the competent courts of Limassol.

Privacy Policy

Effective Date: February 10, 2023

Toro Corp. values the privacy of visitors to our website and individuals whose personal information we receive through the use of form submissions and other related services. This privacy policy explains how we collect personal information on our website, and how we use and disclose that personal information.

By providing your personal information to our website, you consent to the information handling practices described in this privacy policy. We encourage you to read the section titled “Your Choices” below to understand the choices you have with regard to your personal information.

This Privacy Policy also applies to personal information that we collect by other means, which we combine with personal information collected on torocorp.com.

1. Information We Collect

We collect the following data about users: (1) information that you voluntarily submit to us (“User-Supplied Information”); (2) technical data automatically collected from all visitors to torocorp.com Website (described below under “Passive Data Collection”); and (3) information we collect from third party sources.

User-Supplied Information: We may collect user-supplied information when you choose to provide us with your Personal information via the torocorp.com Website, including when you send us an email asking a question. We keep contact form submissions for a maximum period of six months. The information submitted through them is used for customer service purposes only, and is not shared with third parties, for marketing purposes or other.

Passive Data Collection: Like most web-based services, we automatically receive and record information in on our server logs from your browser when you use the torocorp.com Website. We may use a variety of methods, including clear GIFs or Pixels (also known as “web beacons”) and “cookies”, to collect this information. We use both session and persistent cookies. The information that we may collect with these automated methods may include, for example, your IP address, cookie information, a unique device or user ID, browser type, system type, the content and pages that you access on the torocorp.com Website, the frequency and duration of your visits to the torocorp.com Website, and the “referring URL” (i.e., the page from which you navigated to the torocorp.com Website). We may also use cookies on the torocorp.com Website to store session validators on your hard drive. If we directly combine any information gathered through passive means with Personal information, we treat the combined information as Personal information under this Privacy Policy. Otherwise, we use information collected by passive means in aggregated forms.

For additional information about the technologies that we use and how they operate, please see our Cookie Policy below.

2. Use of Collected Information

We use personal information to establish and enhance our relationship with you. We may use personal information to operate, provide, improve, and maintain the torocorp.com Website; to prevent abusive and fraudulent use of the torocorp.com Website; to personalize and display content on the torocorp.com Website; where permitted by applicable law, to send you information, including via email, about our products and Services in which we believe you may be interested; to respond to your inquiries and for other customer service purposes; and for other administrative and internal business purposes.

We may use your e-mail address, including any email address provided through the torocorp.com Website as set forth in the “Communications and Unsolicited Marketing Communications” section.

On the torocorp.com Website, we may use passively collected data to: (a) remember your information so that you will not have to re-enter it during your visit or the next time you visit the torocorp.com Website; and (b) monitor aggregate website usage metrics such as total number of visitors and pages viewed.

3. Disclosure of Collected Information

We do not sell or rent email addresses and other personal information that we collect directly through the torocorp.com Website. Please be aware, however, that any information that you voluntarily choose to display on any publicly available portion of the torocorp.com Website, or on any Service, becomes publicly available and may be collected and used by us or others without restriction. We share your information, including personal information, as follows:

torocorp.com Service Providers

We may provide personal information to third parties for their use in performing internal business functions (e.g., maintenance, security, data analysis, email transmission, CRM, database management services, email marketing, surveys, or data hosting) on our behalf. We require such third parties to agree to only use your personal information in accordance with this Privacy Policy and for no other purpose than to provide us with necessary services.

Legal Requirements

We may disclose personal information if we have a good-faith belief that doing so is required by a subpoena or other judicial or administrative order or otherwise required by law. Additionally, we may disclose personal information where we, in good faith, deem it appropriate or necessary to take precautions against liability; protect the rights, property, or safety of torocorp.com, any individual, or the general public; maintain and protect the security and integrity of our Services or infrastructure; protect ourselves and our Services from fraudulent, abusive, or unlawful uses; investigate and defend ourselves against third-party claims or allegations; or assist government enforcement agencies.

Aggregate Information and Non-Identifying Information

We may share aggregated information with Clients, prospective Clients, partners or the press in order to demonstrate usage of the Service, identify industry and advertising trends, and to generate publicity for torocorp.com.

4. Your Choices

On the torocorp.com Website

You may, as a visitor to our website, choose not to provide us with personal information. You may also, at any time, access your personal information to update, correct, or delete certain personal information about you by contacting us at ir@torocorp.com or at the address set forth below in the “Contact Us” section. You also have the right to obtain from torocorp.com the erasure of personal data about you in accordance with applicable data privacy laws.

In addition you may decide not to opt–in, either when you first provide torocorp.com with any personal information, to receive marketing information from torocorp.com about products and Services (including our products and Services and those of third parties). See also Section “Communications and Unsolicited Marketing Communications”, for additional information regarding changing your preferences or opting out of receiving marketing information.

Please be aware that even if you update or remove personal information that you have provided to us, your personal information may be retained in our backup files and archives for a reasonable period of time for legal purposes.

5. Communications and Unsolicited Marketing Communications

If you opted in to receive communications from us, including through ir@torocorp.com, we may send you administrative messages and updates regarding your account, updates regarding the torocorp.com Website, and, where permitted by applicable law, information regarding our offer, products and Services, including, without, limitation, through social media updates, by email and postal mail. If you no longer want to receive commercial email messages, you may indicate your preferences regarding commercial email messages by taking the steps described in such messages. Also, you may indicate your preferences regarding commercial email messages and postal mail messages by contacting us using the information in the “Contact Us” section below.

6. Social Networks

We collect certain information provided to us through the Toro Corp. Social Media pages. Toro Corp. has no direct relationship with the social network End Users, and also do not decide how the Social Network use End User Data. Toro Corp. does not use these End User Data, except as allowed by each Social Network platform. The End User’s interaction with these platforms are governed by the privacy statement of the company providing it. If you are a user of one of the social networks in which Toro Corp. has an official page, and you want to edit or delete any information captured about you on that social network’s website, you should contact the social network directly.

7. International Users

The torocorp.com Website is hosted in the European Union, and we may use service providers in the European Union and elsewhere to process personal information on our behalf. If you use the torocorp.com Website outside the European Union, please note that your personal data may be transferred to other jurisdictions where our affiliates and service providers are located. Some of these jurisdictions, including the United States, do not have equivalent data protection laws as the European Union and other jurisdictions. By using our Website, you are agreeing that your personal data may be transferred to the United States and other jurisdictions, as explained in this Section.

Transfers to Third Parties.

As described in the “Disclosure of Collected Information” section above, we may transfer personal information from the E.U. to third parties. We contractually require third parties to whom we transfer personal information to provide the same level of protections as the Principles. Toro Corp. remains responsible for the personal information we receive and transfer under Privacy Shield as it relates to our Services.

In accordance with our legal obligations, we may also transfer, subject to a lawful request, personal information to public authorities for law enforcement or national security purposes.

Contacting Us, Complaints and Dispute Resolution.

European Union individuals who have questions or complaints about how we process their personal information may contact us at ir@torocorp.com. We will work to resolve your issue and respond no later than 45 days of receipt.

8. Security

The security of your information is important to us, including, but not limited to, the personal information collected via the torocorp.com Website. We use reasonable security measures to protect against the loss, misuse, and alteration of Personal information under our control, both during the transmission and once we receive it. This includes, but is not limited to, the use of firewalls and encryption. Although we make good faith efforts to maintain the security of such personal information, no method of transmission over the Internet or method of electronic storage, is 100% secure and we cannot guarantee that it will remain free from unauthorized access, use, disclosure, or alteration. Further, while we work hard to ensure the integrity and security of our network and systems, we cannot guarantee that our security measures will prevent “hackers” or other unauthorized persons from illegally accessing or obtaining this information.

If we learn of a security breach involving your personal information, we may attempt to notify you electronically so that you can take appropriate protective steps. By using the torocorp.com Website or providing personal information to us, you agree that we can communicate with you electronically regarding security, privacy, and administrative issues relating to your use of the torocorp.com Website. If a security systems breach occurs, we may post a notice on our homepage or elsewhere on the torocorp.com Website and may send an email to you at the email address you have provided to us. Depending on where you live, you may have a legal right to receive notice of a security breach, involving your personal information, in writing. This notice paragraph applies to users of the torocorp.com Website. Should there be a breach that affects End Users of Clients, the Client will be responsible for disseminating notice of such a breach to those End Users.

9. Analytics

In addition, we use Google Analytics to analyze our users’ use of the torocorp.com Website. Google Analytics provides us with aggregated data in order to help us make informed business decisions. Ultimately, Google, as a third party, controls information collected through Google Analytics and you should check and be comfortable with its privacy practices prior to using the torocorp.com Website. You may review information about Google’s privacy practices with respect to Google Analytics at https://support.google.com/analytics/answer/6004245.

10. Embedded content from other websites

Articles on this site may include embedded content (e.g. videos, images, articles, etc.), delivered in iframes or other equivalent method. Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website.

These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracing your interaction with the embedded content if you have an account and are logged in to that website.

11. Third-Party Ad Networks

We use third parties such as network advertisers to assist us in displaying advertisements on third party websites, and to evaluate the success of our advertising campaigns. Network advertisers are third parties that display advertisements based on your visits to our Website as well as other websites. This enables us, and these third parties, to target advertisements by displaying ads for products and services in which you might be interested. Third party ad network providers, advertisers, sponsors and/or traffic measurement services may use cookies, JavaScript, web beacons (including clear GIFs), Flash LSOs and other technologies to measure the effectiveness of their ads and to personalize advertising content to you. These third party cookies and other technologies are governed by each third party’s specific privacy policy, not this one. We may provide these third-party advertisers with information about your usage of our Websites, as well as aggregate information about visitors to our Website.

You may opt-out of many third-party ad networks, including those operated by members of the Network Advertising Initiative (“NAI”) and the Digital Advertising Alliance (“DAA”). For more information regarding this practice by NAI members and DAA members, and your choices regarding having this information used by these companies, including how to opt-out of third-party ad networks operated by NAI and DAA members, please visit their respective websites: optout.networkadvertising.org (NAI) and www.aboutads.info/choices (DAA).

Opting out of one or more NAI member or DAA member networks (many of which will be the same) only means that those members no longer will deliver targeted content or ads to you. It does not mean you will no longer receive any targeted content or ads on our Site or other websites. You may continue to receive advertisements, for example, based on the particular website that you are viewing. Also, if your browsers are configured to reject cookies when you visit this opt-out page, or you subsequently erase your cookies, use a different computer or change web browsers, your NAI or DAA opt-out may no longer be effective. Additional information is available on NAI’s and DAA’s websites accessible by the above links.

12. Updates to This Privacy Policy

We may occasionally update this privacy policy. If we do, we will change the “effective date” at the top of the privacy policy. Before making any update that would make this privacy policy materially less restrictive in our use or disclosure of personal information collected prior to the update, we will provide prior notice of the update by posting notice on our website at the top or bottom of the then-current privacy policy. We encourage you to periodically review this privacy policy to stay informed about our collection, use, and disclosure of personal information. Your continued use of our website constitutes your agreement to our then-current privacy policy.

13. Contact Us

If you have questions about this privacy policy, you may contact us at ir@torocorp.com.