Exhibit
10.8


 


OXBRIDGE
ACQUISITION CORP.


 


Suite
201, 42 Edward Street


George
Town, Grand Cayman


Cayman
Islands


 


[             ],


2021


 


OAC
Sponsor Ltd.


Suite
201, 42 Edward Street,


George
Town, Grand Cayman


Cayman
Islands


 


Re:
Administrative Services Agreement


 


Ladies
and Gentlemen:


 


This
letter agreement by and between Oxbridge Acquisition Corp., a Cayman Islands exempted company (the “Company”), and OAC Sponsor
Ltd., dated as of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed
on the Nasdaq Capital Market (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed
with the Securities and Exchange Commission (the “Registration Statement”) and continuing until the earlier of the consummation
by the Company of an initial business combination or the Company’s liquidation (in each case as described in the Registration Statement)
(such earlier date hereinafter referred to as the “Termination Date”):


 


(i)
OAC Sponsor Ltd., the Company’s sponsor, shall make available, or cause to be made available, to the Company, at Suite 201, 42
Edward Street, George Town, Grand Cayman, Cayman Islands (or any successor location of OAC Sponsor Ltd.), office space and administrative
and support services. In exchange therefor, the Company shall pay OAC Sponsor Ltd. (or its designee) the sum of $10,000 per month on
the Listing Date and continuing monthly thereafter until the Termination Date; and


 


(ii)
OAC Sponsor Ltd. hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of,
or arising out of, this letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts
due to it out of, the trust account established for the benefit of the public shareholders of the Company and into which substantially
all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”), and hereby irrevocably
waives any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely affect the Trust Account or any
monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim
against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.


 


This
letter agreement constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes
all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in
any way to the subject matter hereof or the transactions contemplated hereby.


 


This
letter agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by the
parties hereto.


 


No
party hereto may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written
approval of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee.


 


This
letter agreement constitutes the entire relationship of the parties hereto, and any litigation between the parties (whether grounded
in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of
the State of New York, without giving effect to its choice of laws principles.


 


This
letter agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all
of which together shall constitute one and the same letter agreement.


 


[Signature
Page Follows]


 




    	 



    	 



    

 





	 	Very
    truly yours,
	 	 
	 	OXBRIDGE
    ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	Name:	Jay
    Madhu
	 	Title:	Chief
    Executive Officer


 


	AGREED
    TO AND ACCEPTED BY:  
	 	 	 	 
	OAC
    Sponsor Ltd.	 	 
	 	 	 	 
	By:	           	 	 
	Name:	 	 	 
	Title:	 	 	 


 


[Signature
Page to Administrative Services Agreement]