Company: OXBRW
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001641172-25-022627
Chunk: 24

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 24
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Termination and Amendment

The Plan will terminate on the tenth (10th) anniversary of the effective date of the Plan, subject to the Board’s right to terminate the Plan earlier at any time. In addition, the Board or the Administrator may amend the Plan at any time, except:

| ● | the                                                                                                                                       
 Board must approve any amendment to the Plan if we determine such approval is required by prior action of the Board, applicable corporate 
 law or any other applicable law;                                                                                                          |

| ● | shareholders                                                                                                                         
 must approve any amendment to the Plan if we determine that such approval is required by Section 16 of the Exchange Act, the listing 
 requirements of any principal securities exchange or market on which our ordinary shares are then traded, or any other applicable    
 law; and                                                                                                                             |

| ● | shareholders                                                                                                                              
 must approve any amendment to the Plan that materially increases the number of ordinary shares reserved under the Plan or that diminishes 
 the provisions prohibiting repricing or backdating stock options and share appreciation rights.                                           |

| 13 |

The Administrator generally may modify, amend or cancel any award or waive any restrictions or conditions applicable to any award or the exercise of the award. Any modification or amendment that materially diminishes the rights of the participant or any other person that may have an interest in the award, or that cancels any award, will be effective only if agreed to by that participant or other person. The Administrator does not need to obtain participant or other interested party consent, however, for the adjustment or cancellation of an award pursuant to the adjustment provisions of the Plan or the modification of an award to the extent deemed necessary to comply with any applicable law or the listing requirements of any principal securities exchange or market on which our ordinary shares are then traded, to the extent the Administrator deems necessary to preserve favorable accounting or tax treatment of any award for the Company, or to the extent the Administrator determines that the action does not materially and adversely affect the value of an award or that such action is in the best interest of the affected participant or any other person(s) with an interest in the award.

The authority of the Administrator to terminate or modify the Plan or awards will extend beyond the termination date of the Plan. In addition, termination of the Plan will not affect the rights of participants with respect to awards previously granted to them, and all unexpired awards will continue in force after termination of the Plan except as they may lapse or be terminated by their own terms and conditions.

Cancellation, Disgorgement and Recoupment