As previously announced, on February 24, 2023, Oxbridge Acquisition Corp. (?Oxbridge?) entered into a Business Combination Agreement and Plan of Reorganization (the ?Business Combination Agreement?) by and among Oxbridge, OXAC Merger Sub I Inc., a direct, wholly owned subsidiary of Oxbridge (?First Merger Sub?), Summerlin Aviation LLC (f/k/a OXAC Merger Sub II, LLC), a direct, wholly owned subsidiary of Oxbridge (?Second Merger Sub??), and Jet Token Inc. Pursuant to the Business Combination Agreement, among other things, Oxbridge will domesticate as a Delaware corporation and change its name to ?Jet.AI Inc.? (?Jet.AI?) in connection with the domestication, First Merger Sub will merge with and into Jet Token (the ?First Merger?), with Jet Token surviving the merger as a wholly owned subsidiary of Jet.AI, and Jet Token (as the surviving entity of the First Merger) will merge with and into Second Merger Sub (the ?Second Merger?

and, together with the Domestication, the First Merger, and all other transactions contemplated by the Business Combination Agreement, the ?Business Combination?), with Second Merger Sub surviving the merger as a wholly owned subsidiary of Jet.AI. Effective upon the closing of the Business Combination, Michael D. Winston will be appointed to serve as Jet.AI?s interim Chief Executive Officer (?CEO?). Mr. Winston will step down from his role as interim CEO and Mr. Murnane will transition from Jet.AI?s interim CFO to its CEO.

Michael D. Winston, CFA founded Jet Token in 2018 and has served as its Executive Chairman since Jet Token?s founding. Mr. Winston began his career in 1999 with Credit Suisse First Boston Corporation and later worked as a portfolio manager at Millennium Partners LP. In 2012, Mr. Winston formed the Sutton View group of companies, an alternative asset management platform where he advised one of the largest academic endowments in the world.

Mr. Winston received an MBA in Finance and Real Estate from Columbia Business School in 2005, and a BA in Economics from Cornell University in 1999. Mr. Winston is a CFA Charterholder, and a member of the Economic Club of New York.