Company: OXBRW
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001493152-25-008248
Chunk: 43

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-02-26
Form: 424B5
Chunk 43
---
 person shall be disqualified from the office of director or alternate director or prevented by such office from contracting with the Company, either as vendor, purchaser or otherwise, nor shall any such contract or any contract or transaction entered into by or on behalf of the Company in which any director or alternate director shall be in any way interested be or be liable to be avoided, nor shall any director or alternate director so contracting or being so interested be liable to account to the Company for any profit realized by or arising in connection with any such contract or transaction by reason of such director or alternate director holding office or of the fiduciary relationship thereby established. A director (or his alternate director in his absence) shall be at liberty to vote in respect of any contract or transaction in which he is interested provided that the nature of the interest of any director or alternate director in any such contract or transaction shall be disclosed by him at or prior to its consideration and any vote thereon.

Under Delaware law such a transaction would be voidable unless:

| ● | the                                                                                           
 material facts as to such interested director’s relationship or interests are disclosed       
 or are known to the board of directors and the board in good faith authorizes the transaction 
 by the affirmative vote of a majority of the disinterested directors;                         |

| 12 |

| ● | such                                                                                              
 material facts are disclosed or are known to the stockholder entitled to vote on such transaction 
 and the transaction is specifically approved in good faith by vote of the majority of shares      
 entitled to vote thereon; or                                                                      |
| ● | the                                                                                               
 transaction is fair as to the corporation as of the time it is authorized, approved or ratified.  
 Under Delaware law, such interested director could be held liable for a transaction in which      
 such director derived an improper personal benefit.                                               |

Shareholder’s Suit

Maples and Calder (Cayman) LLP, our Cayman Islands legal counsel, is not aware of any reported class action having been brought in a Cayman Islands court. Derivative actions have been brought in the Cayman Islands courts, and the Cayman Islands courts have confirmed the availability for such actions. In most cases, we will be the proper plaintiff in any claim based on a breach of duty owed to us, and a claim against (for example) our officers or directors usually may not be brought by a shareholder. However, based on both Cayman Islands authorities and on English authorities, which would in all likelihood be of persuasive authority and be applied by a court in the Cayman Islands, exceptions