Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 148

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 148
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 Additional Leakage for a period of 15 days following delivery by Purchaser of the Additional Leakage Notice. The Purchaser will, after such 15-day consultation period, deliver a written notice to the Paying Agent instructing the Paying Agent to pay the Purchaser or the surviving corporation an amount in cash equal to the Additional Leakage from the Leakage Reserve Holdback Account. If no Additional Leakage Notice is received or, if following any payment of Additional Leakage to Purchaser or the surviving corporation, there are amounts remaining in the Leakage Reserve Holdback Account, the Purchaser will promptly (and in any event within two business days of determining there is no Additional Leakage or such payment of Additional Leakage, as applicable) instruct the Paying Agent to release the Leakage Delayed Consideration to the Eligible Holders in accordance with their respective Pro Rata Percentages. The Purchaser will not be entitled to any remedy in respect of any Additional Leakage other than payment from the Leakage Reserve Holdback Account up to the Leakage Reserve Holdback Amount pursuant to this section except in the case of fraud. Any payment in respect of the Additional Leakage will be treated as an adjustment to the Aggregate Closing Purchase Price for all purposes, including for tax allocation purposes to the maximum extent permitted by applicable law. Representations and Warranties Representations and Warranties of Tiptree Tiptree has made representations and warranties in the Merger Agreement that are subject to the terms of the Merger Agreement and, in some cases, to exceptions and qualifications contained in the disclosure schedule. These representations and warranties relate to, among other things:

| • | Tiptree’s due organization, valid existence and good standing under the laws of the State of Maryland, and its corporate power and authority to own, lease and operate its properties or assets and conduct its business as it is currently being conducted; |

| • | Tiptree’s due qualification or license and good standing to do business as a foreign corporation in each jurisdiction in which the nature of its business, or the ownership, leasing or operation of its properties or assets, makes such qualification necessary, except where the failure to be so qualified, licensed or in good standing would not reasonably be expected to have a Material Adverse Effect; |

| • | Tiptree Holdings’ operating as a holding company with no independent business operations; |

| • | Tiptree’s power and authority to execute and deliver the Merger Agreement and each other transaction document to which it is or will be as of the closing a party, and perform its obligations