Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 14

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 14
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 stock immediately prior to the Effective Time (the amount described in this clause (b), the “As-Converted Amount”).

The “Aggregate Closing Purchase Price” means (a) $1,650,000,000 minus (b) the amount of any Leakage (as defined in this proxy statement) (including any interest accrued thereon pursuant to the terms of the Merger Agreement), minus (c) the amount equal to the product of (1) the total number of shares of Fortegra preferred stock issued and outstanding immediately prior to the Effective Time (other than any shares of Fortegra preferred stock held by Fortegra or the Subsidiaries), if any, multiplied by (2) the Series A Liquidation Preference (the product of clauses

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(1) and (2), the “Series A Aggregate Liquidation Preference”) (provided, that if the holders of shares of Fortegra preferred stock are entitled to receive the As-Converted Amount then for the purposes of this definition, the Series A Aggregate Liquidation Preference will be deemed to equal zero), minus (d) the Leakage Reserve Holdback Amount.

The “Aggregate Closing Common Purchase Price” means (i) the Aggregate Closing Purchase Price (without reference to the proviso in such definition), plus (ii) the Aggregate Delayed Closing Consideration, if applicable, minus (iii) an amount equal to the sum of (a) for each vested Fortegra stock option, an amount equal to the product obtained by multiplying (1) the difference of (A) the Per Share Closing Merger Consideration minus (B) the exercise price per share of such Fortegra stock option by (2) the aggregate number of shares of Common Stock underlying such Fortegra stock option (the aggregate amount contemplated by this clause (a), the “Option Closing Merger Consideration”) payable to all holders of Fortegra stock options and (b) the aggregate Per Share Closing Merger Consideration payable to all Fortegra equity award holders (other than holders of Fortegra stock options) with respect to their restricted stock unit awards granted under the Fortegra Equity Plan (each, a “Fortegra RSU award”) pursuant to the terms of the Merger Agreement (the aggregate amount contemplated by this clause (iii), the “Equity Award Closing Merger Consideration”).

Fortegra warrants will either be exercised on a cashless basis automatically immediately prior to the Effective Time pursuant to their terms or cancelled at the Effective Time for no