Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 37

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 37
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 the Merger Agreement following the occurrence of a Fundamental Termination Event;

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Parent or the Company terminates the Merger Agreement (i) because the Company Stockholder Approval was not obtained at the Special Meeting (or any adjournment or postponement thereof) at which a vote on the approval of the Merger Proposal was taken; and (ii) the Board made an Adverse Recommendation Change;

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(i) TrueCar terminates the Merger Agreement prior to receipt of the Company Stockholder Approval because the Board authorized TrueCar to enter into a definitive Alternative Acquisition Agreement concerning a Superior Proposal; and (ii) such termination does not occur either (x) prior to the No-Shop Period Start Date or (y) within ten (10) business days following the No-Shop Period Start Date with respect to a Superior Proposal made by an Excluded Party; or

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the Merger Agreement is terminated:

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by Parent because: (i) any covenant or agreement on the part of TrueCar set forth in the Merger Agreement has been breached; or (ii) any representation or warranty of TrueCar set forth in the Merger Agreement has become inaccurate, and such breach or inaccuracy, in the cases of clauses (i) or (ii), (A) resulted in certain conditions to the Closing not being satisfied and (B) was not curable within thirty (30) days, or if curable, was not cured within thirty (30) days of notice from Parent to TrueCar of such breach; provided, however, that neither Parent nor Merger Subsidiary was then in breach of any covenant, agreement, representation or warranty contained in the Merger Agreement that, in each case would result in a failure of a condition precedent to TrueCar’s obligation to consummate the Merger; or

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by Parent or the Company:

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because the Merger has not been consummated on or before the End Date; provided that in the case of termination by the Company pursuant to this bullet, the failure of the Merger to be consummated by the End Date did not result from a material breach by Parent of any provision of the Merger Agreement; or

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because the Company Stockholder Approval was not obtained at the Special Meeting (or any adjournment or postponement thereof) at which a vote on the approval of the Merger Proposal was taken; and

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each of the following conditions is satisfied:

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after the date of the Merger Agreement and prior to (i) the Special Meeting (in the