Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 207

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 207
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 paid by Tiptree. For purposes of this paragraph, all references to “15%” in the definition of “acquisition proposal” will be deemed to be references to “50%”.

If the Merger Agreement is validly terminated by Purchaser due to a failure to obtain the Tiptree stockholder approval at the special meeting (including any postponement or adjournment thereof) at which a vote on the approval of the Merger and the other transactions contemplated by the Merger Agreement was taken and the termination fee is not otherwise then payable pursuant to the terms of the Merger Agreement, then Tiptree is obligated to pay Purchaser the Stockholder Vote Failure Fee in immediately available funds within two business days after such valid termination.

Each of Fortegra, Tiptree, Purchaser and Merger Sub has acknowledged that (i) the agreements contained in the “Effect of Termination; Termination Fee” section of the Merger Agreement are an integral part of the transactions contemplated by the Merger Agreement, (ii) without these agreements, Fortegra, Tiptree, Purchaser and Merger Sub would not enter into the Merger Agreement and (iii) neither the termination fee nor the Stockholder Vote Failure Fee is a penalty, but, except as otherwise provided in the Merger Agreement, each is liquidated damages, in a reasonable amount that will compensate Purchaser in the circumstances in which such fee is payable for the efforts and resources expended and opportunities foregone while negotiating the Merger Agreement and in reliance on the Merger Agreement and on the expectation of the consummation of the transactions contemplated thereby, which amount would otherwise be impossible to calculate with precision. Accordingly, if Fortegra or Tiptree, as applicable, fails to timely pay any amount due in connection with the termination of the Merger Agreement and, in order to obtain such payment, Purchaser or Merger Sub commences a suit that results in a judgment against Fortegra or Tiptree, as

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applicable, for the payment of any such amount, Fortegra or Tiptree, as applicable, will be required to pay to Purchaser or Merger Sub its reasonable and documented out-of-pocket costs and expenses (including fees and disbursements of counsel) in connection with such suit, together with interest on such amount at the annual rate of the prime rate plus five percent, as published in The Wall Street Journal in effect on the date such payment was required to