Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 162

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 162
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 liquidate; or |

| • | enter into any binding agreement or commitment to do any of the foregoing. |

Notwithstanding the foregoing, (i) nothing contained in the Merger Agreement is intended to give Purchaser or Merger Sub, directly or indirectly, the right to control Fortegra’s or its Subsidiaries’ operations prior to the Effective Time, and (ii) the failure of Fortegra to take or cause to be taken an action prohibited by the foregoing solely as a result of the failure of Purchaser to consent to such action will in no event be deemed to constitute a breach of the covenants described in the first sentence of this section. Prior to the Effective Time, subject to the terms of the Merger Agreement including the foregoing, each of Purchaser, Merger Sub and Fortegra will exercise complete control and supervision of its and its Subsidiaries’ respective operations. Alternative Acquisition Proposals No Solicitation Pursuant to the Merger Agreement, Tiptree agreed to, and to cause its subsidiaries, directors and officers to, and agreed to use reasonable best efforts to cause its and other respective representatives to, immediately terminate all solicitations, discussions and negotiations with any person (other than Purchaser, Merger Sub and their respective representatives) with respect to any acquisition proposal as of the execution of the Merger Agreement, and to promptly (and in any event within 24 hours of execution of the Merger Agreement) terminate access granted to any person (other than Purchaser, Merger Sub and their respective representatives) to any electronic data room maintained by Tiptree or its subsidiaries with respect to the transactions contemplated by the Merger Agreement or an acquisition proposal and to promptly (in any event within 24 hours of execution of the Merger Agreement) request that all non-public information previously provided be returned or destroyed in accordance with the applicable confidentiality agreement. Except as otherwise provided in the Merger Agreement, during the period commencing with the execution and delivery of the Merger Agreement and continuing until the closing or, if earlier, the termination of the Merger Agreement, Tiptree agreed not to, and to cause its subsidiaries, directors and officers not to, and to use reasonable best efforts to cause its and their other respective representatives not to, directly or indirectly:

| • | initiate, solicit, knowingly facilitate or knowingly encourage any acquisition proposal or any inquiry, proposal or offer that could reasonably be expected to constitute or lead to the submission or announcement of any acquisition proposal; |

| • | engage in negotiations or