Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099555
Chunk: 8

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 8
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 party breaches any of its representations, warranties or covenants,                                                         
 the breach would cause certain closing conditions not to be satisfied, and the breach is not curable or, if curable, is not cured within 
 the time period set forth in the Merger Agreement.                                                                                       |

Parent may also terminate the Merger Agreement
if:

| · | an Adverse Recommendation Change occurs; |

| · | Parent requests in writing that the Board reaffirm the Company Board Recommendation                                                    
 after the public announcement of a competing acquisition proposal and the Board fails to do so within the time period set forth in the 
 Merger Agreement;                                                                                                                      |

| · | the Company or the Board materially breaches its obligations under the provisions                                       
 of the Merger Agreement (x) pertaining to the Company Stockholder Meeting or (y) summarized above under the heading “Go 
 Shop; No Solicitation or Negotiation”; or                                                                               |

| · | the Company enters into an alternative acquisition agreement with respect 
 to a competing acquisition proposal.                                      |

The Company may also terminate the Merger Agreement
if all closing conditions have been satisfied or waived, the Company has irrevocably confirmed in writing to Parent that it is ready and
willing to close and Parent and Merger Subsidiary fail to timely consummate the Merger.

Upon termination of the Merger Agreement under
specified circumstances, the Company will be required to pay a termination fee to Parent (the “Termination Fee”). The
Termination Fee will be in the amount of $4,000,000 if the Company terminates the Merger Agreement either (i) prior to the No-Shop
Period Start Date or (ii) within 10 business days following the No-Shop Period Start Date, in each case in order to enter into an
alternative acquisition agreement with respect to a Superior Proposal made by a third party (other than a No-Shop Party) that has made
a competing acquisition proposal prior to the No-Shop Period Start Date. In all other circumstances in which the Termination Fee is payable
pursuant to the Merger Agreement, the Termination Fee will be in the amount of $8,000,000. In addition, if the Board has not made an Adverse
Recommendation Change and the Merger Agreement is terminated by the Company or Parent because the Company Stockholder Approval is not
obtained, then the Company will be required to reimburse Parent and its affiliates (including, for this purpose, the Investor) for certain