Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 13

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 13
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 closing date occurs after June 1, 2026 (the “Profit Sharing Fee Start Date”), Purchaser will additionally be required to pay to the Fortegra equityholders the “Aggregate Delayed Closing Consideration”, which amount will be equal to (a) $1,650,000,000, multiplied by (b) 10% per annum, divided by (c) 365, multiplied by (d) the aggregate number of days from and after the Profit Sharing Fee Start Date to and including the closing date (counting each such date and the closing date, as applicable, as one full day).

The “Per Share Closing Merger Consideration” means an amount equal to the quotient obtained by dividing (a) the sum of (i) the Aggregate Closing Purchase Price (as defined in this proxy statement) plus (ii) an amount equal to the aggregate exercise price of all options (or portions thereof) to acquire shares of Fortegra common stock granted under The Fortegra Group, Inc. 2022 Equity Incentive Plan (as from time to time amended and in effect, the “Fortegra Equity Plan”) (each, a “Fortegra stock option”) (the aggregate amount contemplated by this clause (ii), the “Aggregate Option Exercise Price”) plus (iii) the Aggregate Delayed Closing Consideration, if applicable, by (b) the total number of outstanding shares of Fortegra common stock immediately prior to the Effective Time, as determined on a Fully-Diluted Basis (as defined in the Merger Agreement).

The “Series A Liquidation Preference” means an amount per share of Fortegra preferred stock equal to the greater of (a) the $15.00 per share of Fortegra preferred stock (subject to appropriate adjustment in the event of any share dividend, share split, share combination or other similar recapitalization with respect to the Fortegra preferred stock, if applicable), plus any Accruing Dividends (as defined in the Certificate of Designation) accrued but unpaid thereon, whether or not declared, together with any other dividends declared but unpaid thereon, and (b) the amount of the Aggregate Closing Purchase Price (as defined in this proxy statement) that a holder of such share of Fortegra preferred stock would have been entitled to receive if such share of Fortegra preferred stock were converted into Fortegra common 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