Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 208

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 208
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 of the Merger Agreement, then Tiptree is obligated to pay Purchaser the Stockholder Vote Failure Fee in immediately available funds within two business days after such valid termination.

Each of Fortegra, Tiptree, Purchaser and Merger Sub has acknowledged that (i) the agreements contained in the “Effect of Termination; Termination Fee” section of the Merger Agreement are an integral part of the transactions contemplated by the Merger Agreement, (ii) without these agreements, Fortegra, Tiptree, Purchaser and Merger Sub would not enter into the Merger Agreement and (iii) neither the termination fee nor the Stockholder Vote Failure Fee is a penalty, but, except as otherwise provided in the Merger Agreement, each is liquidated damages, in a reasonable amount that will compensate Purchaser in the circumstances in which such fee is payable for the efforts and resources expended and opportunities foregone while negotiating the Merger Agreement and in reliance on the Merger Agreement and on the expectation of the consummation of the transactions contemplated thereby, which amount would otherwise be impossible to calculate with precision. Accordingly, if Fortegra or Tiptree, as applicable, fails to timely pay any amount due in connection with the termination of the Merger Agreement and, in order to obtain such payment, Purchaser or Merger Sub commences a suit that results in a judgment against Fortegra or Tiptree, as

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applicable, for the payment of any such amount, Fortegra or Tiptree, as applicable, will be required to pay to Purchaser or Merger Sub its reasonable and documented out-of-pocket costs and expenses (including fees and disbursements of counsel) in connection with such suit, together with interest on such amount at the annual rate of the prime rate plus five percent, as published in The Wall Street Journal in effect on the date such payment was required to be made through the date such payment was actually received, or such lesser rate as is the maximum permitted by law.

Purchaser and Merger Sub have agreed that, upon any valid termination of the Merger Agreement under circumstances where the termination fee and/or the Stockholder Vote Failure Fee is payable by Fortegra or Tiptree pursuant to the terms of the Merger Agreement and such termination fee and/or Stockholder Vote Failure Fee (plus any costs and expenses and interest thereon pursuant to the terms of the Merger Agreement) is paid in full, Purchaser, Mer