Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 162

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 162
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 of business on arms’ length terms), or waive, defer or release any amount owed to a Group Company by a Related Party, including payment of any bonuses, benefits or other amounts for any director, officer, consultant or agent of the Group Companies that are Related Parties, other than in the ordinary course of business, excluding (i) those items consented to in advance in writing by Purchaser, (ii) payment of |

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immaterial bonuses, benefits or other amounts for directors, managers, officers, employees or consultants of the Group Companies made in the ordinary course of business not arising in connection with the transactions contemplated by the Merger Agreement, and (iii) any payment made or agreement to make a payment by or on behalf of any Group Company for which specific provision, reserve or allowance has been made for it in Fortegra’s financial statements (up to the extent of such provision, accrual or liability);

| • | incur or pay any amount of Leakage other than the incurrence of Transaction Expenses to the extent taken into account in and that decrease the Aggregate Closing Purchase Price; |

| • | settle, compromise, waive or release any litigation (other than individual claims in the ordinary course of business under insurance contracts within applicable policy limits) or any rights (or amend or terminate any rights), in each case, except as would not (A) result in payments by the Group Companies in excess of $500,000 individually or $1,000,000 in the aggregate and (B) contain any admission of culpability, criminal misconduct, violation of the law or require any other actions or impose any other material restrictions on the business or operations of the Group Companies; |

| • | permit Fortegra or any Subsidiary (other than Subsidiaries that are in the process of dissolution, liquidation or winding up as of the date of the Merger Agreement and disclosed in the disclosure schedule) to dissolve, wind-up or liquidate; or |

| • | enter into any binding agreement or commitment to do any of the foregoing. |

Notwithstanding the foregoing, (i) nothing contained in the Merger Agreement is intended to give Purchaser or Merger Sub, directly or indirectly, the right to control Fortegra’s or its Subsidiaries’ operations prior to the Effective Time, and (ii) the failure of Fortegra to take or cause to be taken an action prohibited by the foregoing solely as a result of the failure of Purchaser to consent to such action will in no event