Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 185

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 185
---
 each of those provisions) will survive the termination of the Merger Agreement: (i) the provisions governing the effect of termination; (ii) the provisions governing public announcements; and (iii) the Merger Agreement’s miscellaneous provisions; and

•

except for and subject in all cases to the Merger Agreement’s provisions governing limitations on the parties’ liability, neither the Company nor Parent will be relieved or released from any liabilities or damages arising out of its actual and intentional fraud under Delaware common law or Willful Breach (as defined below) prior to the termination of the Merger Agreement.

For purposes of this proxy statement and the Merger Agreement, “

#### Willful Breach
**” means any breach of any of the covenants or agreements set forth in the Merger 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 the Merger Agreement.

Termination Fees and Expenses; Limitations on Liability**

#### Company Termination Fee
TrueCar will be required to pay Parent the $8,000,000 Termination Fee if:

•

Parent terminates the Merger Agreement following the occurrence of a Fundamental Termination Event;

•

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; or

•

(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.

In addition, TrueCar will be required to pay the $8,000,000 Termination Fee to Parent if:

•

the Merger Agreement is terminated:

•

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

<div align='center'>106</div>

TABLE OF CONTENTS

the Merger Agreement