Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 41

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 41
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 exercises the right to terminate the Merger Agreement pursuant to this paragraph prior to obtaining the Tiptree stockholder approval; |

| • | by Purchaser, if the condition that since the date of the Merger Agreement, no facts, events, changes, developments or effects have occurred that, individually or in the aggregate, constitute a Material Adverse Effect, is not satisfied or capable of being satisfied by the Termination Date; or |

| • | by either Fortegra or Purchaser if at the special meeting (including any postponement or adjournment thereof) at which a vote on the Merger and the other transactions contemplated by the Merger Agreement was taken, the Tiptree stockholder approval is not obtained. |

Termination Fee (Page 105) 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 transaction) to a third party other than WP Investor or any of its affiliates, pursuant to which the equity interests of Fortegra held by WP