Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 204

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 204
---
 that the Fortegra equityholders would have received if the Merger were consummated pursuant to the terms of the Merger Agreement, other combination opportunities and the time value of money, and (y) any decrease in share value, diminution in value, lost profits or lost premium or consequential damages. If the Merger Agreement is terminated in accordance with its terms:

| • | all confidential information received by the parties will be treated in accordance with the terms of the Merger Agreement and the confidentiality agreement between Purchaser and Fortegra; and |

| • | all filings, applications and other submissions made pursuant to the terms of the Merger Agreement in an effort to consummate and make effective the transactions contemplated by the Merger Agreement and to obtain required consents and regulatory approvals will, to the extent practicable, be withdrawn from the governmental authority, agency or other person to which made. |

Termination Fee If the Merger Agreement is validly terminated by Purchaser, in connection with an adverse recommendation change (subject to the limitations set forth in the Merger Agreement) (or pursuant to any other termination right if Purchaser was then entitled to terminate the Merger Agreement in connection with an adverse recommendation change (subject to the limitations set forth in the Merger Agreement)), then Fortegra will pay the termination fee to Purchaser in immediately available funds within two business days after such valid termination; provided, that if the intervening event resulting in such termination relates to the “Tiptree Capital” business of Tiptree as described in Tiptree’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, then Tiptree will pay the termination fee; provided, further, that Fortegra will be jointly and severally liable for the payment of such termination fee to the extent not paid by Tiptree. If the Merger Agreement is validly terminated by Tiptree, if at any time prior to the receipt of the Tiptree stockholder approval, in order to substantially concurrently enter into an agreement to effect a superior proposal in compliance with the applicable terms of the Merger Agreement (provided that Tiptree has complied in all material respects with its non-solicitation obligations under the Merger Agreement with respect to such superior proposal) then Fortegra will pay the termination fee to Purchaser in immediately available funds substantially concurrently with and as a condition to such valid termination; provided, that if the superior proposal resulting in such termination is a sale of capital stock of Tiptree (or a similar