Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 195

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 195
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aser, including under any agreement or any document related to the Credit Agreements, (C) commit to taking any action (including entering into any agreement) that is not contingent upon the closing, (D) take any action that would conflict with, violate or result in a breach of or default under any organizational documents of Fortegra as in effect on the date of the Merger Agreement, its Subsidiaries and Tiptree and their respective representatives, any material contract or any law, (E) take any action that could subject any director, manager, officer or employee of Fortegra, its Subsidiaries and Tiptree and their respective representatives to any actual or potential personal liability, (F) provide access to or disclose information that Fortegra determines in good faith could jeopardize any attorney client privilege of, or conflict with any confidentiality requirements applicable to, Fortegra, its Subsidiaries, and Tiptree and their respective representatives, (G) cause any director or manager of Fortegra, its Subsidiaries, and Tiptree and their respective representatives to pass resolutions or consents to approve or authorize such transaction, unless such resolutions or consents are contingent upon the closing, (H) reimburse any expenses or provide any indemnities, (I) make any representation, warranty or certification that, in the good faith determination of Fortegra, is not true or (J) provide any cooperation or information that does not pertain to Fortegra or its Subsidiaries.

(i) If the COC Amendments are not obtained pursuant to the first paragraph in this section and Purchaser provides written notice to Fortegra at least 15 business days prior to the closing date, Fortegra will, at least two business days prior to the closing date, deliver to Purchaser one or more customary payoff letters (collectively, the “Payoff Letters”), that (1) evidence the requirements for the repayment of outstanding indebtedness under the applicable Credit Agreement(s) on the closing date (the amount so required to effect such repayment pursuant to such Payoff Letters, the “Payoff Amount”), (2) upon receipt of the Payoff Amount, provide for the release of all liens that were granted to secure the applicable Credit Agreement(s), and (3) are otherwise reasonably satisfactory to the Purchaser and (ii) prior to the closing date, Fortegra will deliver to Purchaser release documentation (the “Release Documentation”), which must be reasonably satisfactory to Purchaser, evidencing the termination and release of any liens on