Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 321

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 321
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an effect of discouraging a takeover or other transaction, deny shareholders the receipt of a premium on their ordinary shares in the
event of a tender or other offer for ordinary shares and have a depressive effect on the value of our ordinary shares.

Provisions
of the Companies Law of the Cayman Islands could prevent a merger or takeover of our company.

As
compared to mergers under corporate law in the United States, it may be more difficult to consummate a merger of two or more companies
in the Cayman Islands or the merger of one or more Cayman Islands companies with one or more overseas companies, even if such transaction
would be beneficial to our shareholders. The Companies Law of the Cayman Islands, as amended (the “Companies Law”), permits
mergers and consolidations between Cayman Islands companies and between Cayman Islands companies and non-Cayman Islands companies. For
these purposes, (a) “merger” means the merging of two or more constituent companies and the vesting of their undertaking,
property and liabilities in one of such companies as the surviving company and (b) a “consolidation” means the combination
of two or more constituent companies into a combined company and the vesting of the undertaking, property and liabilities of such companies
to the consolidated company. In order to effect such a merger or consolidation, the directors of each constituent company must approve
a written plan of merger or consolidation, which must then be authorized by (a) a special resolution of the shareholders of each constituent
company, and (b) such other authorization, if any, as may be specified in such constituent company’s articles of association. The
written plan of merger or consolidation must be filed with the Registrar of Companies together with a declaration as to the solvency
of the consolidated or surviving company, a list of the assets and liabilities of each constituent company and an undertaking that a
copy of the certificate of merger or consolidation will be given to the shareholders and creditors of each constituent company and that
notification of the merger or consolidation will be published in the Cayman Islands Gazette. Dissenting shareholders have the right to
be paid the fair value of their shares (which, if not agreed between the parties, will be determined by the Cayman Islands court) if
they follow the required procedures, subject to certain exceptions. Court approval is not required for a merger or consolidation which
is effected in compliance with these statutory procedures.

21

In
addition, there are statutory provisions that facilitate the reconstruction and