Company: OXBRW
Filing Date: 2025-07-28
Form Type: PRE 14A
Source: 0001641172-25-021161
Chunk: 47

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-07-28
Form: PRE 14A
Chunk 47
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 all reasonable        
 steps to ascertain through communication with Members or otherwise, whether there exists, or will exist at the time any vote of Members 
 is taken, a Tentative 9.9% U.S. Member.                                                                                                 |

| A-19 |

| (b) | In                                                                                               
 the event that a Tentative 9.9% U.S. Member exists, the aggregate votes conferred by Shares      
 held by a Member which are treated as Controlled Shares of that Tentative 9.9% U.S. Member       
 shall be reduced to the extent necessary such that the Controlled Shares of that Tentative       
 9.9% U.S. Member will constitute less than 9.9% of the voting power of all Shares. In applying   
 the previous sentence where Shares held by more than one Member are treated as Controlled        
 Shares of such Tentative 9.9% U.S. Member, the reduction in votes shall apply to such Members    
 in descending order according to their respective Attribution Percentages, provided that,        
 in the event of a tie, the reduction shall apply first to the Member whose Shares are Controlled 
 Shares of the Tentative 9.9% U.S. Member by virtue of the Tentative 9.9% U.S. Member’s           
 economic interest in (as opposed to voting control with respect to) such Shares. The votes       
 attributable to Shares of Members owning no Shares treated as Controlled Shares of any Tentative 
 9.9% U.S. Member shall, in the aggregate, be increased by the same number of votes subject       
 to reduction as described above. Such increase shall apply to all such Members in proportion     
 to their voting power at that time, provided that such increase shall be limited to the extent   
 necessary to avoid causing any person to be a 9.9% U.S. Member. The adjustments of voting        
 power described in this Article shall apply repeatedly until there would be no 9.9% U.S.         
 Member. The board of Directors may deviate from any of the principles described in this Article  
 and determine that Shares held by a Member shall carry different voting rights as it determines  
 appropriate (1) to avoid the existence of any 9.9% U.S. Member or (2) to avoid adverse tax,      
 legal or regulatory consequences to the Company, any subsidiary of the Company, or any other     
 Member or its affiliates. For the avoidance of doubt, in applying the provisions of this         
 Article 22, each Share may