Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 37

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 37
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 proxy statement) has occurred, (B) Tiptree has notified Purchaser in writing that the Tiptree Board intends to effect an adverse recommendation change, which notice will identify and include all material information with respect to such intervening event, (C) through the fifth business day following the date of such notice, Fortegra and Tiptree consider, negotiate and discuss with Purchaser in good faith (to the extent Purchaser so desires to negotiate) any amendments or modifications to the terms of the Merger Agreement proposed by Purchaser and (D) no earlier than the fifth business day following the date of such notice, the Tiptree Board determines, in good faith, after consultation with its financial advisors and outside legal counsel, taking into consideration the terms of any proposed amendment or modification to the Merger Agreement that Purchaser has committed to make during such five-business-day period, that the failure to effect an adverse recommendation change would reasonably be expected to be inconsistent with the duties of the directors of Tiptree under applicable law.

#### Conditions to the Closing of the Merger (Page101)
The respective obligations of each party to the Merger Agreement to consummate the transactions contemplated by the Merger Agreement are subject to the satisfaction or waiver at or prior to the closing of each of the following conditions, any one or more of which may be waived in writing at the option of the party whose obligations to consummate the transactions contemplated by the Merger Agreement are subject thereto to the extent permitted by applicable law: (i) the affirmative vote of the holders of a majority of the issued and outstanding shares of Fortegra common stock and Fortegra preferred stock (voting as a single class on an as-converted basis) (the “Fortegra stockholder approval”) having been obtained validly under the DGCL and Fortegra’s certificate of incorporation, bylaws and stockholders’ agreement, (ii) the Tiptree stockholder approval having been obtained validly under the laws of the State of Maryland and Tiptree’s charter and bylaws, (iii) that no temporary restraining order, preliminary or permanent injunction or other judgment or order, injunction, ruling, decision, assessment, award, administrative order, judicial decision or decree entered or issued by, or in agreement with, any governmental authority to which Fortegra or any of its Subsidiaries is a party or to which it is subject, issued by a court of competent jurisdiction that prevents the consummation of the transactions contemplated by the Merger Agreement has been issued and remains in