Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 203

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 203
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 on the approval of the Merger and the other transactions contemplated by the Merger Agreement was taken, the Tiptree stockholder approval is not obtained. |

Effect of Termination In the event of the termination of the Merger Agreement in accordance with the terms thereof, the Merger Agreement will thereafter become void and have no effect and the transactions contemplated thereby will be abandoned, except that the “Effect of Termination; Termination Fee,” clause (c) of “Access to Information,” “Public Statements” and “Miscellaneous” sections of the Merger Agreement and the confidentiality agreement between Purchaser and Fortegra will survive termination of the Merger Agreement and remain valid and binding obligations of each of the parties according to their terms, and (ii) subject to the terms and conditions of the surviving provisions of the Merger Agreement, there will be no liability or obligation on the part of Purchaser, Merger Sub or Fortegra.

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Notwithstanding the immediately preceding sentence, termination of the Merger Agreement will not release any party thereto from any liability:

| • | pursuant to the sections of the Merger Agreement specified above that survive such termination; or |

| • | for (A) any intentional and material breach by a party of, or any fraud with respect to, its representations and warranties under the Merger Agreement, or (B) any material breach by a party of its covenants and agreements under the Merger Agreement (including any failure by Purchaser or Merger Sub to consummate the Merger on the date the closing is required to have occurred in accordance with the Merger Agreement), in the case of each of the foregoing clauses (A) and (B), that occurred prior to such termination (any such breach, misrepresentation or inaccuracy described in this paragraph, a “Pre-Termination Material Breach”). |

Notwithstanding anything to the contrary contained in the Merger Agreement or otherwise, Fortegra, whether on behalf of itself or on behalf of its pre-closing Fortegra equityholders, and Purchaser each may pursue and accept damages for any Pre-Termination Material Breach by the other party and enforce any award for such damages, and the parties have agreed that such damages will not be limited to reimbursement of expenses or out of pocket costs and will include, to the extent permitted by applicable law, damages based on (x) the benefit of the bargain lost by the Fortegra equityholders (including any lost premium), taking into consideration all relevant factors, including the consideration