Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 148

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 148
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 withholding, the Option Closing Merger Consideration and the Leakage Delayed Consideration attributable to such Fortegra stock option (if any), minus, in the case of each of the Minority Investors, such holder’s Pro Rata Percentage of the Equityholders’ Representative Expense Amount, attributable to such vested Fortegra stock option.

As promptly as reasonably practicable following the Effective Time, Purchaser will pay or cause to be paid, or, to the extent the surviving corporation has sufficient immediately available funds at such time, cause the surviving corporation to pay or cause to be paid, to each applicable Fortegra equity award holder through the payroll system of the surviving corporation or applicable Subsidiary thereof (other than with respect to Fortegra stock options granted in respect of non-employee services, which need not be paid through such payroll system), an aggregate amount in cash equal to the Option Closing Merger Consideration or Per Share Closing Merger Consideration, as applicable, that such Fortegra equity award holder is entitled to receive under the Merger Agreement (which will be reduced by the Fortegra equity award holder’s Pro Rata Percentage of the Equityholders’ Representative Expense Amount attributable to such Fortegra stock options and such Fortegra shares, as applicable).

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TABLE OF CONTENTS

Leakage Any Leakage, including any Transaction Expenses but excluding Permitted Leakage, that occurs after the Lockbox Date and at or prior to the closing will decrease the Aggregate Closing Purchase Price payable to Fortegra equityholders. Additional Leakage Purchaser is required to provide written notice to the Equityholders’ Representatives of the amount of any Additional Leakage. Purchaser will only be entitled to deliver an Additional Leakage Notice during the period starting on the closing date and ending at 11:59 p.m. Eastern Time on the four-month anniversary of the closing. The Purchaser and the Equityholders’ Representative will discuss in good faith any discrepancies in the calculation of the total amount of such Additional Leakage for a period of 15 days following delivery by Purchaser of the Additional Leakage Notice. The Purchaser will, after such 15-day consultation period, deliver a written notice to the Paying Agent instructing the Paying Agent to pay the Purchaser or the surviving corporation an amount in cash equal to the Additional Leakage from the Leakage Reserve Holdback Account. If no Additional Leakage Notice is received or, if following any payment of Additional Leakage to Purchaser or the surviving corporation, there are amounts remaining in the Leakage Reserve Holdback Account, the Purchaser will promptly