WARRANT AGREEMENTWarrant Agreement • February 18th, 2014 • OXBRIDGE RE HOLDINGS LTD • Fire, marine & casualty insurance • New York
This Warrant Agreement (this “Agreement”) is made as of , 2014 (the “Issuance Date”) between Oxbridge Re Holdings Limited, a Cayman Islands exempted company, with offices at Landmark Square, Suite 1A, 64 Earth Close, P.O. Box 469, Grand Cayman, KY1-9006, Cayman Islands (the “Company”), and Broadridge Corporate Issuer Solutions, Inc., a Pennsylvania corporation, with offices at 1717 Arch Street, Suite 1300, Philadelphia, Pennsylvania 19103 (the “Warrant Agent”).
LEASELease • February 18th, 2014 • OXBRIDGE RE HOLDINGS LTD • Fire, marine & casualty insurance
Unless inconsistent with the context or subject matter or circumstances the following expressions have the following meanings:-
OXBRIDGE RE HOLDINGS LIMITED January 28, 2014OXBRIDGE RE HOLDINGS LTD • February 18th, 2014 • Fire, marine & casualty insurance
This letter confirms that the Company has agreed that the exchange right set forth in Section 9(a) of your Warrant Agreement shall apply to any form of warrant to purchase Ordinary Shares that may be issued in an IPO by the Company and shall not be limited to warrants having a New Exercise Price that is less than the Exercise Price under your Warrant Agreement. In consideration of the Company agreeing to this change, you agree to execute any customary lock-up agreement that the Company requests you to execute in connection with an IPO. By signing this letter below, you also acknowledge that you if you do not exercise the exchange right in Section 9(a) of your Warrant Agreement by the deadline thereof (i.e., 180 days after trading of Oxbridge securities commences), then your warrants will not be publicly tradeable.
