Company: OXBRW
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001641172-25-022627
Chunk: 21

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 21
---
 shares are not being converted into or exchanged for different securities, cash or other property, or any combination thereof), the Administrator may substitute for each share then subject to an award and the shares subject to the Plan the number and kind of shares, other securities, cash or other property to which holders of our ordinary shares will be entitled in respect of each share pursuant to the transaction.

| 11 |

In the case of a share dividend (other than a share dividend declared in lieu of an ordinary cash dividend) or subdivision or combination of the shares (including a reverse share split), if no action is taken by the Administrator, the adjustments described above will automatically be made.

In connection with any merger, consolidation, acquisition of property or shares, or reorganization, the Administrator may authorize the issuance or assumption of awards under the Plan.

Change of Control

Unless otherwise expressly provided in an award agreement or another contract, or under the terms of a transaction constituting a change of control, the Administrator may provide for the acceleration of the vesting or earning and, if applicable, exercisability of any outstanding award, or portion thereof, or the lapsing of any conditions or restrictions on or the time for payment in respect of any outstanding award, or portion thereof, upon a change of control or the termination of the participant’s employment following a change of control.

In addition, unless otherwise expressly provided in an award agreement or another contract, or under the terms of a transaction constituting a change of control, the Administrator may provide that any or all of the following will occur in connection with a change of control:

| ● | the                                                                                                                                 
 substitution for the shares subject to any outstanding award of securities of a surviving corporation or any successor corporation  
 to the Company, or a parent or subsidiary, in which case the aggregate purchase or exercise price, if any, of the award, or portion 
 thereof, will remain the same,                                                                                                      |

| ● | the                                                                                                                                    
 conversion of any outstanding award into a right to receive cash or other property upon or following the consummation of the change    
 of control in an amount equal to the value of the consideration to be received by holders of our ordinary shares in connection with    
 such transaction for one share, less the per share purchase or exercise price of the award, if any, multiplied by the number of shares 
 subject to the award,                                                                                                                  |

| ● | acceleration                                                                                  
 of the vesting (and, as applicable, the exercisability) of any and/or all outstanding awards, |

| ● | the