Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 195

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 195
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(s) on the closing date (the amount so required to effect such repayment pursuant to such Payoff Letters, the “Payoff Amount”), (2) upon receipt of the Payoff Amount, provide for the release of all liens that were granted to secure the applicable Credit Agreement(s), and (3) are otherwise reasonably satisfactory to the Purchaser and (ii) prior to the closing date, Fortegra will deliver to Purchaser release documentation (the “Release Documentation”), which must be reasonably satisfactory to Purchaser, evidencing the termination and release of any liens on the equity issued by Fortegra in connection with certain existing credit documents of Tiptree Holdings specified in the Merger Agreement.

Upon the reasonable request of Purchaser, Fortegra will use reasonable best efforts to (i) deliver to the Trustee (as defined in the FFC Junior Subordinated Indenture (as defined in the Merger Agreement)) an Officer’s Certificate and an Opinion of Counsel (in each case, as defined in the FFC Junior Subordinated Indenture (as defined in the Merger Agreement)) solely to the extent such documents (or in the case of such Officer’s Certificate, to the extent the Trustee requires execution of such Officer’s Certificate by Fortegra pre-closing, the form thereof, to be executed and delivered by Fortegra) are delivered to Fortegra by the Purchaser (including any such Opinion of Counsel that is provided by Fortegra), and (ii) deliver to the Trustee (as defined in the TFG Junior Subordinated Indenture (as defined in the Merger Agreement)) an Officer’s Certificate and an Opinion of Counsel (in each case, as defined in the TFG Junior Subordinated Indenture (as defined in the Merger Agreement)), solely to the extent such documents (or in the case of such Officer’s Certificate, to the extent the Trustee requires execution of such Officer’s Certificate by Fortegra pre-closing, the form thereof, to be executed and delivered by Fortegra) are delivered to Fortegra by the Purchaser (including any such Opinion of Counsel that is provided by Fortegra); provided that, for the avoidance of doubt, neither Ropes & Gray nor Sidley, nor any pre-closing employee (other than a pre-closing employee that is also a post-closing employee) will be required to deliver any such Opinion of Counsel pursuant to the terms of this paragraph.

#### Investment Advisory Agreements
Any investment advisory agreements to which any Group Company is subject, including the