Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 188

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 188
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 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 case of a termination as a result of a failure to obtain the Company Stockholder Approval at the Special Meeting); or (ii) the termination of the Merger Agreement (in the case of a termination for any other reason listed above), an Acquisition Proposal is publicly announced or otherwise is communicated to the Board; and

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within twelve (12) months following the date of such termination, the Company enters into a definitive agreement with respect to an Acquisition Proposal or an Acquisition Proposal is consummated (provided, that for purposes of this bullet, each reference to “20%” in the definition of Acquisition Proposal will be deemed to be a reference to “50%”).

Notwithstanding the foregoing, TrueCar shall be required to pay the Reduced Termination Fee if:

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TrueCar validly 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

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such termination occurs either: (i) prior to the No-Shop Period Start Date; or (ii) within ten (10) business days following the No-Shop Period Start Date with respect to a Superior Proposal made by an Excluded Party.

#### Parent Termination Fee
Parent will be required to pay TrueCar the Parent Termination Fee if TrueCar terminates the Merger Agreement