Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 329

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 329
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 effectuation of any other material change or restructuring of any Group Company or Purchaser or its Affiliates; or

(f) requirement to take any action or agree to any limitation that (i) materially and adversely affects any of Purchaser’s or a Group Company’s or any of their Affiliates’ existing or acquired businesses or (ii) would have a material and adverse effect on any material benefit Purchaser seeks to receive from the transactions contemplated by this Agreement.

“ Applicable SAP ” shall mean, with respect to any Insurance Subsidiary, the applicable statutory accounting principles (or local equivalents in the applicable jurisdiction) prescribed or permitted by the applicable Insurance Regulator under the Insurance Law of such Insurance Subsidiary’s domiciliary jurisdiction.

“ Appraisal Shares ” shall have the meaning set forth in Section 2.03(h) hereof.

“ As-Converted Amount ” shall have the meaning set forth in the definition of “Series A Liquidation Preference”.

“ Assets ” shall have the meaning set forth in Section 4.12 hereof.

“ Audited Balance Sheet Date ” shall have the meaning set forth in Section 4.03(a) hereof.

“ Barclays ” shall mean Barclays Capital Inc. and its Affiliates.

“ Barclays Engagement Letter ” shall mean the letter agreement, dated May 1, 2025, by and between the Company and Barclays, as further amended, supplemented or modified.

“ BofA ” shall mean BofA Securities, Inc. and its Affiliates.

“ BofA Engagement Letter ” shall mean the letter agreement, dated May 1, 2025, by and between the Company and BofA, as further amended, supplemented or modified.

“ Books and Records ” means all files, documents, instruments, papers, data, information, books, ledgers, reports, plans, records, manuals, instruments and other materials (in any form or medium) of, or maintained for, the applicable Person. Unless the express context otherwise requires, the term “Books and Records” means the “Books and Records” of the Group Companies and their businesses.

“ Burdensome Condition ” means an Antitrust Burdensome Condition, an Insurance Burdensome Condition or a Foreign Direct Investment Burdensome Condition, as applicable.

“ Business Day ” shall mean any day other than a Saturday, a Sunday or a day on which banks in the City of New York, New York or the City of Seoul, Republic of Korea are authorized or