Company: OBA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075674
Chunk: 93

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 93
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Administrative Services Agreement

Commencing on the June 26, 2025, we entered into
the “Administrative Services Agreement with an affiliate of the Sponsor to pay an aggregate of $12,500 per month for office space,
utilities, and secretarial and administrative support. Upon completion of the initial Business Combination or our liquidation, we will
cease paying the $12,500 per month fee.

As of June 30, 2025 and December 31, 2024, there
was $2,083 and $0, respectively, due to related party pursuant to the Administrative Services Agreement. We incurred $2,083 for the three
and six months ended June 30, 2025.

Underwriting Agreement

We granted the underwriters of the Initial Public
Offering a 45-day option from the date of the Initial Public Offering to purchase up to an additional 3,300,000 Option Units to cover
over-allotments, if any. On June 26, 2025, the underwriters fully exercised their Over-Allotment Option.

The underwriters were paid a cash underwriting
discount of $4,400,000 (2.0% of the gross proceeds of the Units offered in the Initial Public Offering). Additionally, the underwriters
are entitled to the Deferred Dee of 4.50% of the gross proceeds 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.

Working Capital Loans

In order to fund working capital deficiencies
or finance transaction costs in connection with a Business Combination, our Sponsor or an affiliate of our Sponsor or certain of our officers
and directors may, but are not obligated to, loan us Working Capital Loans as may be required. If we complete a Business Combination,
we may repay such Working Capital Loans out of the proceeds of the Trust Account released to us. In the event that a Business Combination
does not close, we may use a portion of the working capital held outside the Trust Account to repay such Working Capital Loans, but no
proceeds from our Trust Account would be used for such repayment. Up to $1,