Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 182

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 182
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pation, indemnification and advancement of expenses in such organizational documents to the full extent of the law and that no change, modification or amendment of such documents or arrangements may be made that will adversely affect any such person’s right thereto without the prior written consent of that person except as required by law.

At the closing, the Fortegra equityholders will cause the Group Companies to obtain and pay for irrevocable “tail” insurance policies, 50% of which to be included in the Transaction Expenses, with a claims period of at least

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six years from and after the Effective Time, from an insurance carrier with the same or better credit ratings as Fortegra’s current insurance carrier with respect to officers’ and directors’ liability insurance and fiduciary liability insurance (collectively, “D&O Insurance”), for the persons who are covered by Fortegra’s existing D&O Insurance, with terms, conditions, retentions and levels of coverage at least as favorable as Fortegra’s existing D&O Insurance with respect to matters arising out of or relating to acts or omissions occurring or existing at or prior to the Effective Time. Notwithstanding the foregoing, in no event will Fortegra, Purchaser or the surviving corporation be required to expend for such policies an annual premium amount in excess of 300% of the annual premiums currently paid by Fortegra for such insurance; provided, that if the annual premiums of such coverage exceed such amount, Fortegra, Purchaser or the surviving corporation, as the case may be, will obtain a policy with the greatest coverage available for a cost not exceeding such amount for such six-year period from an insurance carrier with the same or better credit rating as Fortegra’s current insurance carrier with respect to Fortegra’s existing D&O Insurance with terms, conditions, retentions and levels of coverage at least as favorable as provided in Fortegra’s existing policies as of the date of the Merger Agreement. In the event that Purchaser or the surviving corporation or any of their respective successors or assigns (i) consolidates with or merges into any other person and is not the continuing or surviving corporation or entity of such consolidation or merger or (ii) transfers or conveys all or substantially all of its properties and other assets to any person (including by liquidation, dissolution, assignment for the benefit of creditors or similar action), then, and in each such case, Purchaser or the surviving corporation, as the case may be, will use commercially