Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 280

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 280
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     9.03% 
     7.13%

Future
minimum lease payments under non-cancellable leases as of December 31, 2024 and 2023, reconciled to our discounted operating lease liability
presented on the consolidated balance sheets are as follows:

SCHEDULE
OF FUTURE MINIMUM LEASE PAYMENT

    (in thousands) 
    2024  
    2023 

    At December 31, 
  
    (in thousands) 
    2024  
    2023 
  
    2024 
    $-  
    $9 
  
    2025 
     114  
     - 
  
    2026 
     39  
     - 
  
    2027 
     6  
     - 
  
    Total future minimum lease payments 
    $159  
    $9 

    Less imputed interest 
     (11) 
     - 
  
    Total operating lease liabilities 
    $148  
    $9 

    F-27

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements, Continued

15.
RELATED PARTY TRANSACTIONS

EpsilonCat
Re Tokens

During
the year ended December 31, 2024, Mr. Jay Madhu, a director and officer of the Company and its subsidiaries, entered into subscription
agreement to purchase a total of 9,245 Series Epsilon Cat Re tokens at a purchase price of $10.00 per token for aggregate gross proceeds
of $92,447. Ownership of EpsilonCat Re tokenized reinsurance securities indirectly conferred fractionalized interests in reinsurance contracts
underwritten by Oxbridge Re NS for the 2024-2025 treaty year.

TypTap
Insurance Company (“TypTap”) Contract

During
the year ended December 31, 2024 the Company entered into a reinsurance agreement with TypTap, an insurance subsidiary of HCI Group,
Inc. (“HCI”). Jay Madhu, our Chairman and Chief Executive Officer, also serves as a non-employee director of HCI.
Pursuant to the agreement, we have agreed to indemnify HCI and TypTap for a portion of reinstatement premium which HCI or TypTap
pays or becomes liable to pay to reinstate reinsurance protection. At December 31, 2024 and 2023, included within premium