Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 165

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 165
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 any such acquisition proposal, including by providing a copy of all material additional written documentation relating thereto.

In this proxy statement, a “superior proposal” means a bona fide, written acquisition proposal (except the references in the definition thereof to “15%” will be replaced by “50%”) that did not result from a material breach of Tiptree’s non-solicitation obligations under the Merger Agreement and the Tiptree Board has determined, in good faith, after consultation with its outside legal counsel and financial advisors, and taking into account the terms and conditions of such acquisition proposal, is (a) reasonably likely to be consummated on the terms proposed and (b) more favorable, taken as a whole, to the Tiptree stockholders than the transactions contemplated by the Merger Agreement, in each case taking into account at the time of determination all circumstances deemed relevant in good

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#### TABLE OF CONTENTS
faith by the Tiptree Board, including, if determined relevant in good faith by the Tiptree Board, the various legal, financial and regulatory aspects of such acquisition proposal and any changes to the terms of the Merger Agreement Purchaser has committed to make in response to such acquisition proposal in accordance with the applicable terms of the Merger Agreement.

#### Adverse Recommendation Change
The Tiptree Board and each committee thereof will not, subject to the terms and conditions of the Merger Agreement, (i) cause or knowingly permit Tiptree or Fortegra to enter into any alternative acquisition agreement or (ii) make an adverse recommendation change.

In this proxy statement, an “alternative acquisition agreement” means a letter of intent, memorandum of understanding, agreement in principle, acquisition agreement, merger agreement, partnership agreement or similar definitive agreement (other than a confidentiality agreement referred to and entered into in compliance with the Merger Agreement) relating to any acquisition proposal.

In this proxy statement, an “adverse recommendation change” means to (a) withdraw or withhold (or amend, change, modify or qualify in a manner adverse to Purchaser) or publicly propose or announce any intention to withdraw or withhold (or amend, change, modify or qualify in a manner adverse to Purchaser) the Tiptree Board’s recommendation, (b) fail to include the Tiptree Board’s recommendation in this proxy statement (c) fail to recommend against acceptance by stockholders of a tender or exchange offer related to an acquisition proposal in a Solicitation/Recommendation Statement on Schedule