Document:

Exhibit 4.3

 

Consent of Independent Registered
Public Accounting Firm

We have issued our
report dated April 10, 2018, with respect to the financial statement of Smart Trust 375 contained in Amendment No. 1 to the Registration
Statement on Form S-6 (File No. 333-222940) and related Prospectus. We consent to the use of the aforementioned report in the Registration
Statement and Prospectus, and to the use of our name as it appears under the caption “Independent Registered Public Accounting
Firm”.

 

/s/ Grant
Thornton LLP

 

Chicago, Illinois

April 10, 2018Blueprint

 

Exhibit 10.1

 

 

SEVENTH AMENDMENT

TO

AGREEMENT AND PLAN OF MERGER

 

This
SEVENTH AMENDMENT TO AGREEMENT AND PLAN OF
MERGER, dated as of April 4, 2018 (this “Amendment”), is entered
into by and among Fusion Telecommunications International, Inc., a
Delaware corporation (the “Company”), Fusion BCHI
Acquisition LLC, a Delaware limited liability company
(“Merger
Sub”), and Birch Communications Holdings, Inc., a
Georgia corporation (“BCHI”). Capitalized terms
used but not otherwise defined herein shall have the meanings given
to them in the Merger Agreement.

 

RECITALS

 

A.       
The Parties previously entered into that certain Agreement and Plan
of Merger, dated as of August 26, 2017, as amended by the First
Amendment to Agreement and Plan of Merger, dated as of September
15, 2017, the Second Amendment to Agreement and Plan of Merger,
dated as of September 29, 2017, the Third Amendment to Agreement of
Plan of Merger, executed on October 24, 2017, the Amended and
Restated Third Amendment to Agreement and Plan of Merger, dated as
of October 27, 2017, the Fourth Amendment to Agreement and Plan of
Merger, dated January 24, 2018, the Fifth Amendment to Agreement
and Plan of Merger, dated as of January 25, 2018, and the Sixth
Amendment to Agreement and Plan of Merger, dated as of March 12,
2018 (collectively, the “Merger
Agreement”).

 

B.         
The Parties desire to further amend the Merger Agreement as set
forth herein.

 

The
Parties hereby agree as follows:

 

1.         
   The date of “April 30, 2018” in Section
8.1(b)(i) of the Merger Agreement is hereby deleted and replaced
with “May 10, 2018”.

 

2.         
   The phrase “the date that is 220 days after the
date hereof” in Section 8.1(b)(iv) of the
Merger Agreement is hereby deleted and replaced with “April
30, 2018”.

 

3.          
The date of “April 2, 2018” in the definition of
“Outside Date” in Section 9.15 of the Merger
Agreement is hereby deleted and replaced with “April 30,
2018”.

 

4.           Effect
of Amendment. This Amendment shall not constitute a waiver,
amendment or modification of any other provision of the Merger
Agreement not expressly contemplated hereby. Except as specifically
modified and amended hereby, the Merger Agreement shall remain
unchanged and in full force and effect. From and after the date
hereof, each reference in the Merger Agreement to “this
Agreement”, “hereunder”, “hereof”,
“herein” or words of similar meaning shall mean and be
a reference to the Merger Agreement as amended by this Amendment.
Notwithstanding the foregoing, references to the date of the Merger
Agreement, and references to the “date hereof”,
“the date of this Agreement” or words of similar
meaning in the Merger Agreement shall continue to refer to August
26, 2017.

 

5.           Governing
Law. This Amendment will be governed by, and construed and
enforced in accordance with, the internal Laws of the State of
Delaware, without regard to any applicable conflict of laws
principles (whether of the State of Delaware or any other
jurisdiction).

 

6.           Jurisdiction.
Section 9.8
(Jurisdiction) of the Merger Agreement is incorporated
herein by reference and made a part hereof as if fully set forth
herein.

 

7.           Counterparts.
This Amendment may be executed in two or more counterparts, all of
which will be considered one and the same agreement and will become
effective when counterparts have been signed by each of the Parties
and delivered to the other Parties, it being understood that each
Party need not sign the same counterpart. PDF transmissions of this
Amendment shall be deemed to be the same as the delivery of an
executed original.

 

 

 

[Signatures
appear on following page.]

 

 

IN WITNESS WHEREOF, the Parties have
caused this Amendment to be executed by their respective officers
thereunto duly authorized as of the date first above
written.

 

	
 

	
FUSION
TELECOMMUNICATIONS INTERNATIONAL, INC.

 

 

By: /s/ James P. Prenetta,
Jr.

      Name:
James P. Prenetta, Jr.

      Title:
Executive Vice President and

     
General Counsel

 

 

FUSION
BCHI ACQUISITION LLC

 

 

By: /s/ Gordon Hutchins,
Jr.

      Name:
Gordon Hutchins, Jr.

      Title:
Manager

 

 

BIRCH
COMMUNICATIONS HOLDINGS, INC.

 

 

By: /s/ Gordon P. Williams,
Jr.

      Name:
Gordon P. Williams, Jr.

     
Title: Senior Vice President and General CounselExhibit

EXHIBIT 10.1

AGREEMENT AND PLAN OF MERGER
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of April 9, 2018, by and among Tiptree Financial Partners, LP, a Delaware limited partnership (the “Partnership”), and Tiptree Inc., a Maryland corporation (“Tiptree”).
WITNESSETH:
WHEREAS, the Partnership is a limited partnership duly formed under the laws of the State of Delaware;
WHEREAS, Tiptree is a Maryland corporation duly formed under the laws of the State of Maryland; 
WHEREAS, the Board of Directors of Tiptree, on behalf of Tiptree and in its capacity as the general partner of the Partnership, has approved this Agreement, the Merger (as defined below) and the other transactions contemplated hereby; 
WHEREAS, a majority of the limited partners of the Partnership have approved this Agreement, the Merger and the other transactions contemplated hereby in accordance with the Amended and Restated Agreement of Limited Partnership of the Partnership, as amended; 
WHEREAS, the Partnership is taxable as a corporation for U.S. federal income tax purposes;
WHEREAS, for United States federal income tax purposes, it is intended that the Merger  will qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”), and that each of the Partnership and Tiptree will be a “party to the reorganization” within the meaning of Section 368(b) of the Code; and
WHEREAS, this Agreement is intended to be, and is hereby adopted as, a “plan of reorganization” for purposes of Sections 354, 361 and 368 of the Code and within the meaning of Treasury Regulations Section 1.368-2(g).
NOW, THEREFORE, the parties hereto agree as follows:
a.The Merger.  Upon the terms set forth in this Agreement, and in accordance with the relevant provisions of the Delaware Revised Uniform Limited Partnership Act, as amended, and the Maryland General Corporation Law, two business days following the satisfaction or waiver of the conditions set forth in this Agreement or required by applicable law (the “Effective Time”), the Partnership shall be merged with and into Tiptree (the “Merger”).  As a result of the Merger, the identity and separate existence of the Partnership shall cease and Tiptree shall continue as the surviving entity of the Merger (the “Surviving Entity”).  
b.Stockholder Approval.  The respective obligations of each party to this Agreement to effect the Merger is subject to Tiptree obtaining stockholder approval from its stockholders to consummate the Merger, if required under either the Maryland General Corporation Law or Nasdaq Capital Market’s rules and regulations.

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c.Effective Time.  The parties hereto shall cause the Merger to be consummated by filing a certificate of merger (the “Certificate of Merger”) with the Secretary of State of the State of Delaware and by filing articles of merger (the “Articles of Merger”) with the Secretary of State of the State of Maryland, to be effective as of the Effective Time.
d.Effect of the Merger.  At the Effective Time, the effect of the Merger shall be as provided under the laws of the State of Maryland.  Without limiting the generality of the foregoing, and subject thereto, at the Effective Time, except as otherwise provided herein, all of the rights, privileges, powers and franchises of the Partnership shall vest in Tiptree, and all debts, liabilities and duties of the Partnership shall become the debts, liabilities and duties of Tiptree.
e.Governance.  The Fourth Articles of Amended and Restatement (the “Charter”), and the Fourth Amended and Restated Bylaws (the “Bylaws”) of Tiptree as in effect immediately prior to the Effective Time shall be the Charter and Bylaws of the Surviving Entity from and after the Effective Time until thereafter amended as provided therein or by applicable law.
f.Effect on Units.  As of the Effective Time, by virtue of the Merger and without any further action on the part of the Partnership, Tiptree or holders of any units of limited partnership interest (“Units”) of the Partnership, (a) the general partnership interest in the Partnership, which is owned entirely by Tiptree, shall, at the Effective Time, automatically be canceled and no payment shall be made with respect thereto; and (b) each Unit that is issued and outstanding immediately prior to the Effective Time shall, at the Effective Time, automatically be converted into the right to receive (i) 2.798 validly issued, fully paid and non-assessable shares of Class A common stock, par value $0.001 per share, of Tiptree (“Common Stock”), rounded up or down to the nearest whole number of shares of Common Stock, without interest, and (ii) a warrant to purchase shares of Common Stock at an exercise price of $11.33 per share, such warrant in substantially the form of Exhibit A hereto (a “2018 Warrant”).
g.Effect on Warrants to Purchase Units. As of the Effective Time, by virtue of the Merger and without any further action on the part of the Partnership, Tiptree or holders of any warrants to purchase Units (the “Partnership Warrants”), (a) each Partnership Warrant that is issued and outstanding immediately prior to the Effective Time shall, at the Effective Time, automatically be canceled and converted into the right to receive a new warrant in substantially the form of Exhibit B hereto (a “2022 Warrant”); and (b) the 2022 Warrants shall, at the Effective Time, be issued to the holders of Units immediately prior to the Effective Time on a pro rata basis based on ownership of Units.
h.Additional Actions.  If, at any time on or after the Effective Time, the Surviving Entity or its successors and assigns shall consider or be advised that any further assignments or assurances in law or any organizational or other acts are necessary or desirable (a) to vest, perfect or confirm, of record or otherwise, in the Surviving Entity title to and possession of any property or right of the Surviving Entity acquired or to be acquired by reason of, or as a result of, the Merger, or (b) otherwise to carry out the purposes of this Agreement, the Partnership shall be deemed to have granted to the Surviving Entity an irrevocable power of attorney to execute and deliver all such proper deeds, assignments and assurances in law and to do all acts necessary or proper to vest, 

2

perfect or confirm title to and possession of such property or rights in the Surviving Entity and otherwise to carry out the purposes of this Agreement.
i.Termination.  Notwithstanding anything to the contrary in this Agreement, this Agreement may be terminated and abandoned by the Board of Directors of Tiptree at any time prior to the date of filing the Certificate of Merger and the Articles of Merger.
j.General.  
		
	k.
	Governing Law.  This Agreement shall be construed in accordance with and governed by the laws of the State of Maryland, without giving effect to principles of conflicts of laws.

		
	l.
	Counterparts.  This Agreement may be executed in counterparts, including by facsimile or other electronic transmission, each of which shall constitute an original, but all of which shall be one and the same document.

[Remainder of page intentionally left blank, signature page to follow.]

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IN WITNESS WHEREOF, Tiptree and the Partnership have caused this Agreement to be duly executed, all as of the date first above written.
	
	
	

TIPTREE INC., a Maryland corporation

	 

	By:       /s/ Jonathan Ilany            
Name:  Jonathan Ilany
Title:    Chief Executive Officer

   

	 

	TIPTREE FINANCIAL PARTNERS, LP, a Delaware limited partnership

	

By:       /s/ Jonathan Ilany            
Name:  Jonathan Ilany
Title:    Chief Executive Officer

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