Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 294

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 294
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or if known, the consequences or magnitude of which were not known or reasonably foreseeable) to the Board of Directors of the Company as of or prior to the date hereof and (B) did not result from or arise out of the announcement or pendency of the Transactions or any action taken or not taken by the Company that is required or expressly contemplated pursuant to this Agreement; provided, however, that in no event shall the following facts, events, changes or development in circumstances constitute an Intervening Event: (w) the receipt, existence, or terms of an Acquisition Proposal (which, for the purposes of the Intervening Event definition, shall be read without reference to the percentage thresholds set forth in the definition thereof); (x) any change in the market price or trading volume, of the Company Stock (it being understood that this clause (x) shall not prevent the Company from asserting that any fact, event, change or development in circumstances not otherwise excluded that may have contributed to such change may constitute an Intervening Event); (y) the mere fact, in and of itself, that the Company meets or exceeds any internal or published financial projections or forecasts for any period ending on or after the date hereof (it being understood that this clause (y) shall not prevent the Company from asserting that any fact, event, change or development in circumstances not otherwise excluded may have contributed to meeting or exceeding any internal or published financial projections may constitute an Intervening Event); or (z) changes in general economic or geopolitical conditions, or changes in conditions in the global, international or U.S. economy generally.

(iv) ”

#### No-Shop Party
” means any Person or group of Persons, set forth on Section 6.3(g)(iv) of the Company Disclosure Schedule, or any Affiliate thereof.

(v) ”

#### Superior Proposal
” means a bona fide written Acquisition Proposal that did not result from a breach of Section 6.3 , for at least a majority of the outstanding shares of Company Stock or all or substantially all of the consolidated assets of the Company and its Subsidiaries on terms that the Board of Directors of the Company determines in good faith, after considering the advice of its financial advisor and outside legal counsel and taking into account all the financial, regulatory, legal and other terms and conditions of the Acquisition Proposal (including the identity of the Person making such Acquisition Proposal and the likelihood of consummation), if consummated, is more favorable from a financial point of view to the Company’s stock