Company: OBA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109993
Chunk: 97

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 97
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 of the base Initial Public Offering held in the Trust Account and 6.50%
of the gross proceeds sold pursuant to the Over-Allotment Option, which equates to $12,045,000 in the aggregate following the full
exercise of the Over-Allotment Option and is payable to the Underwriters, upon the completion of the initial Business Combination subject
to the terms of the Underwriting Agreement.

Registration Rights

The holders of (i) the Founder Shares, (ii) the
Private Placement Warrants and (iii) any private placement equivalent warrants issued in connection with the Working Capital Loans, if
any (and in each case holders of their underlying securities, as applicable) are entitled to registration rights pursuant to the Registration
Rights Agreement, requiring us to register such securities for resale (in the case of the Founder Shares, only after conversion to our
Class A Ordinary Shares). The holders of the majority of these securities are entitled to make up to three demands, excluding short form
demands, that we register such securities. In addition, the holders have certain “piggy-back” registration rights with respect
to registration statements filed subsequent to the consummation of a Business Combination and rights to require us to register for resale
such securities pursuant to Rule 415 under the Securities Act. Cantor may only make a demand on one occasion and only during the five-year
period beginning on the effective date of the IPO Registration Statement. In addition, Cantor may participate in a “piggy-back”
registration only during the seven-year period beginning on the effective date of the IPO Registration Statement. We will bear the expenses
incurred in connection with the filing of any such registration statements.

Letter Agreement

Our Sponsor, directors and officers have entered
into the Letter Agreement with us, pursuant to which, they have waived their rights to liquidating distributions from the Trust Account
with respect to any Founder Shares held by them if we fail to complete our initial Business Combination within the Combination Period.
However, if they acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from
the Trust Account with respect to such Public Shares if we fail to complete our initial Business Combination within the Combination Period.

Additionally, pursuant to the Letter Agreement,
our Sponsor, directors and officers will not propose any amendment to our Amended and Restated Articles to modify (i) the substance or
timing of our obligation to allow redemption in connection with our initial Business Combination or to redeem 100% of