Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 316

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 316
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#### Willful Breach
” means any breach of any of the covenants or agreements set forth in this Agreement that is the consequence of an action or omission by any party if such party knew or should have known that the taking of such action or the failure to take such action would be a material breach of this Agreement.

Section 10.3 Expenses and Termination Fees.

(a) General . Except as otherwise provided herein, all costs and expenses incurred in connection with this Agreement shall be paid by the party incurring such cost or expense.

(b) Termination Fee .

(i) If this Agreement is terminated by Parent pursuant to Section 10.1(c) , then the Company shall pay to Parent in immediately available funds the Termination Fee within two (2) Business Days after such termination.

(ii) If this Agreement is terminated by the Company or Parent pursuant to Section 10.1(b)(iii) , and the Board of Directors of the Company shall have made an Adverse Recommendation Change, then the Company shall pay to Parent in immediately available funds the Termination Fee concurrently with and as a condition to such termination.

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(iii) If this Agreement is terminated by the Company pursuant to Section 10.1(d) , then the Company shall pay to Parent in immediately available funds the Termination Fee concurrently with and as a condition to such termination.

(iv) If (A) this Agreement is terminated by Parent pursuant to Section 10.1(e) , or by Parent or the Company pursuant to Section 10.1(b)(i) or Section 10.1(b)(iii) ; provided that in the case of termination by the Company pursuant to Section 10.1(b)(i) , 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 this Agreement, (B) after the date of this Agreement and (x) prior to such termination in the case of a termination pursuant to Section 10.1(b)(i) or Section 10.1(e) or (y) prior to the Company Stockholder Meeting in the case of a termination pursuant to Section 10.1(b)(iii) , an Acquisition Proposal shall have been publicly announced or otherwise been communicated to the Board of Directors of the Company or its stockholders, and (C) within twelve (12) months following the date of such termination, the Company shall have entered