On October 12, 2023, NextPlat Corp. entered into a Distribution Agreement with OPKO HEALTH Spain, S.L.U. to market and resell certain OPKO health and veterinary products through the Alibaba platform in China. Under the Distribution Agreement, the Company was appointed as OPKO's exclusive distributor in China with respect to the Products.

The Distribution Agreement hasa term of one year and automatically renews for additional one-year terms unless either party provides ninety days prior written notice of non-renewal. The foregoing description of the Distribution Agreement is not complete and is qualified in its entirety by reference to the Distribution Agreement.