Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 423

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 423
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of the Cayman Islands. There is doubt, however, as to whether the courts of the Cayman Islands will, in an original action in the Cayman
Islands, recognize or enforce judgments of U.S. courts predicated upon the civil liability provisions of the securities laws of the United
States or any state of the United States on the grounds that such provisions are penal in nature. Furthermore, a Cayman Islands court
may stay proceedings if concurrent proceedings are being brought elsewhere.

22

Unlike
many jurisdictions in the United States, Cayman Islands law does not specifically provide for shareholder appraisal rights on a merger
or consolidation of an entity. This may make it more difficult for shareholders to assess the value of any consideration they may receive
in a merger or consolidation or to require that the offeror give a shareholder additional consideration if he believes the consideration
offered is insufficient. In addition, shareholders of Cayman Islands exempted companies such as ours have no general rights under Cayman
Islands law to inspect corporate records and accounts. Our directors have discretion under our Articles to determine whether or not,
and under what conditions, the corporate records may be inspected by shareholders, but are not obligated to make them available to shareholders.
This fact may make it more difficult for shareholders to obtain the information needed to establish any facts necessary for a shareholder
motion or to solicit proxies from other shareholders in connection with a proxy contest. Finally, subject to limited exceptions, under
Cayman Islands law, a minority shareholder may not bring a derivative action against our Board of Directors.

Provisions
of our Articles may reallocate the voting power of our ordinary shares.

In
certain circumstances, the total voting power of our ordinary shares held by any one person will be reduced to less than 9.9% of the
total voting power of the total issued and outstanding ordinary shares. In the event a holder of our ordinary shares acquires shares
representing 9.9% or more of the total voting power of our total ordinary shares, there will be an effective reallocation of the voting
power of the ordinary shares as described in the Articles.

We
do not currently have an effective registration statement registering the issuance of the shares underlying our publicly traded warrants,
and therefore you may not be able to exercise the warrants in a cash exercise.

For
you to be able to effect a cash exercise of our publicly traded warrants, the sale of the ordinary shares to be issued to you upon exercise
of the warrants must be covered by an effective