Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 342

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 342
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 to or for the benefit of a Related Party other than to an Excepted Related Party in the ordinary course;

(e) the monetary value of any Lien created over any asset of the Group Companies in favor of a Related Party;

(f) the monetary value of any sale of any securities of any of the Group Companies to a Related Party (other than in connection with a Plan);

(g) any amount waived by any of the Group Companies owed to such Group Company by a Related Party;

(h) the forgiveness, release or waiver of any right, debt or claim outstanding against a Related Party for no consideration or for consideration that does not represent fair market value (with the amount of Leakage arising under this clause (h) being equal to the amount by which the consideration paid for such forgiveness, release or waiver (if any) falls short of the fair market value attributable to such forgiveness, release or waiver);

(i) the amount of (i) any payment made by any of the Group Companies in excess of fair market value for any transfer by a Related Party of any asset to any of the Group Companies or (ii) the fair market value of any asset transferred by any of the Group Companies to a Related Party in excess of any payment made therefor;

(j) the amount of any loan by any of the Group Companies to a Related Party; and

(k) the amount of any reasonable and documented out-of-pocket third-party costs and expenses incurred by Purchaser or its Affiliates in recovering any Leakage; and

(l) any Tax paid, payable or incurred by the Group Companies as a consequence of the matters referred to in clauses (a) through (k) above.

“ Leakage Delayed Consideration ” shall have the meaning set forth in Section 3.05(b) hereof.

“ Leakage Reserve Holdback Account ” shall mean the account established by the Paying Agent to hold the Leakage Reserve Holdback Amount.

“ Leakage Reserve Holdback Amount ” shall mean an amount equal to $8,000,000.

“ Leased Real Property ” shall have the meaning set forth in Section 4.13(a) hereof.

“ Letter of Transmittal ” shall have the meaning set forth in Section 2.03(a) hereof.

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“ Liabilities ” shall mean direct or indirect Indebtedness, liability, claim, loss, damage, cost, expense or other