Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 43

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 43
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ger pertaining to the accuracy of representations and warranties of Fortegra and Tiptree, Fortegra and Tiptree’s performance and compliance with the covenants in the Merger Agreement or Fortegra and Tiptree’s delivery of the required closing certificate would not be satisfied as of the time of such breach or failure or as of the time such representation was or has become inaccurate, and (ii) such breach or failure to perform or inaccuracy cannot be cured by Fortegra or Tiptree or, if capable of being cured, has not been cured within 30 calendar days after receipt by Fortegra of notice in writing from Purchaser specifying the nature of such breach and requesting that it be cured, provided that Purchaser will not have the right to terminate the Merger Agreement pursuant to this paragraph if it or Merger Sub is then in breach of any of their respective covenants or other agreements set forth in the Merger Agreement that would result in the condition to Fortegra’s and Tiptree’s obligations to effect the closing pertaining to the accuracy of representations and warranties of Purchaser and Merger Sub, or Purchaser and Merger Sub’s performance and compliance with the covenants in the Merger Agreement (other than those conditions which by their terms are to be satisfied at the closing, but subject to such conditions being capable of being satisfied at the closing) not being satisfied, and (C) within 12 months after such termination, Tiptree enters into a definitive agreement for any acquisition proposal or any acquisition proposal is consummated (regardless of when made or the counterparty thereto (unless such counterparty is an affiliate of Purchaser)), then Fortegra will pay to Purchaser the termination fee by wire transfer within two business days of the earlier of the date that Fortegra enters into such definitive agreement or the date on which such acquisition proposal is consummated; provided, that, if the superior proposal resulting in such termination is in respect of 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 Investor will continue to be held by WP Investor, 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. For purposes of this paragraph, all references to “15%” in the definition of “acquisition proposal”