Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 471

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 471
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 the date on which such Acquisition Proposal is consummated; provided , that, if the Superior Proposal resulting in such termination is in respect of a sale of capital stock of Company Parent (or a similar transaction) to a third party other than WP Investor or any of its Affiliates, pursuant to which the Equity Interests of the Company held by WP Investor will continue to be held by WP Investor, then Company Parent shall pay the Termination Fee; provided , further , that the Company shall be jointly and severally liable for the payment of such Termination Fee to the extent not paid by Company Parent. For purposes of this Section 10.02(c)(iii) , all references to “15%” in the definition of “Acquisition Proposal” shall be deemed to be references to “50%”.

(iv) If this Agreement is validly terminated by Purchaser pursuant to Section 10.01(j) and the Termination Fee is not otherwise then payable pursuant to this Section 10.02(c) , then Company Parent shall pay Purchaser $8,250,000.00 (the “ Stockholder Vote Failure Fee ”) in immediately available funds within two (2) Business Days after such valid termination.

(v) Each of the Company, Company Parent, Purchaser and Merger Sub acknowledges that (A) the agreements contained in this Section 10.02(c) are an integral part of the transactions contemplated by this Agreement, (B) without these agreements, the Company, Company Parent, Purchaser and Merger Sub would not enter into this Agreement and (C) neither the Termination Fee nor the Stockholder Vote Failure Fee is a penalty, but, except as set forth in Section 10.02(c)(vii) , 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 this Agreement and in reliance on this Agreement and on the expectation of the consummation of the transactions contemplated hereby, which amount would otherwise be impossible to calculate with precision. Accordingly, if the Company or Company Parent, as applicable, fails to timely pay any amount due pursuant to this Section 10.02(c) and, in order to obtain such payment, Purchaser or Merger Sub commences a suit that results in a judgment against the Company or Company Parent, as applicable, for the payment of any amount set forth in this Section 10.02(c) , the Company or