Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 167

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 167
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 (e) cause or permit Fortegra to enter into an alternative acquisition agreement or (f) fail to publicly reaffirm the Tiptree Board’s recommendation (or refer to the Tiptree Board’s prior recommendation) following receipt by Tiptree of a publicly announced acquisition proposal that has not been publicly withdrawn on or prior to the earlier of (i) five business days after Purchaser so requests in writing and (ii) two business days prior to the date of the special meeting (or promptly after announcement or disclosure of such acquisition proposal if announced or disclosed on or after the second business day prior to the date of the special meeting); provided, that Tiptree will not be required to reaffirm more than once per acquisition proposal (unless the terms of such acquisition proposal change in any material respect and such change is publicly announced or disclosed, in which case Tiptree will only be required to reaffirm once per such material change).

#### Superior Proposal
Notwithstanding anything to the contrary contained in the Merger Agreement, the Tiptree Board or a committee thereof may, at any time prior to the time at which the Tiptree stockholder approval is obtained, in response to a bona fide written acquisition proposal that did not result from a breach of Tiptree’s non-solicitation obligations under the Merger Agreement, (1) terminate the Merger Agreement and substantially concurrently enter into an alternative acquisition agreement in respect of the acquisition proposal described in the following clause (2)(A) or (2) make an adverse recommendation change if (A) Tiptree receives an acquisition proposal that the Tiptree Board determines, in good faith, after consultation with its outside legal counsel and financial advisors, constitutes a superior proposal and the failure to take such action would reasonably be expected to be inconsistent with the duties of the directors of Tiptree under applicable law; (B) Tiptree has notified Purchaser in writing that it intends to terminate the Merger Agreement to enter into an alternative acquisition agreement or the Tiptree Board intends to effect an adverse recommendation change, which written notice must include the information with respect to such superior proposal that is specified in the Merger Agreement; (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