Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 121

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 121
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 and financial instruments.

#### Engagement of BofA Securities
Fortegra has retained BofA Securities to act as Fortegra’s financial advisor in connection with the Merger. BofA Securities is an internationally recognized investment banking firm which is regularly engaged in the valuation of businesses and securities in connection with mergers and acquisitions, negotiated underwritings, secondary distributions of listed and unlisted securities, private placements and valuations for corporate and other purposes. Fortegra selected BofA Securities to act as Fortegra’s financial advisor in connection with the Merger on the basis of, among other things, BofA Securities’ familiarity with Fortegra and its qualifications, reputation and experience in the valuation of businesses and securities in connection with mergers and acquisitions generally, as well as substantial experience in transactions comparable to the Merger. BofA Securities acted only as financial advisor to Fortegra and not as an advisor to any other person (including Tiptree or any other person) in connection with the Merger and the investment banking services provided by BofA Securities were intended solely for Fortegra’s benefit and use in connection with the Merger.

BofA Securities has not rendered, and was not engaged or asked by the Fortegra Board or the Tiptree Board to render, any report, opinion or appraisal, including any fairness opinion to Tiptree, Fortegra, the Fortegra Board or the Tiptree Board. Management of Fortegra and Tiptree consulted with BofA Securities in light of its general knowledge and experience with financial and capital markets, mergers and acquisitions and the insurance industry as well as information and feedback BofA Securities received from potential transaction counterparties as part its engagement with such parties.

Fortegra has agreed to pay BofA Securities for its services in connection with the Merger an aggregate fee of $9 million contingent upon consummation of the Merger. Fortegra, at its discretion, may also pay to BofA Securities a discretionary fee of up to $825,000 in connection with the Merger. In addition, Fortegra has agreed to reimburse certain of BofA Securities’ reasonable, documented out-of-pocket expenses arising out of BofA Securities’ engagement, and Fortegra and Tiptree have agreed to indemnify BofA Securities against certain liabilities that may arise out of BofA Securities’ engagement by Fortegra.

BofA Securities and its affiliates comprise a full-service securities firm and commercial bank engaged in securities, commodities and derivatives trading, foreign exchange and