Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 35

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 35
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 and the Merger may be abandoned at any time prior to the Effective Time (notwithstanding receipt of the Company Stockholder Approval) by Parent if:

•

any of the following occurs (any of the following, solely for purposes of this proxy statement, a “

#### Fundamental Termination Event
”):

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an Adverse Recommendation Change;

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after public announcement of an Acquisition Proposal, the Board fails to reaffirm the Company Board Recommendation within ten (10) business days after receipt of any written request to do so from Parent;

•

the Company or the Board materially breached its obligations under the provisions of the Merger Agreement that relate to (i) the Special Meeting or (ii) the solicitation of Acquisition Proposals; or

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the Company enters into an Alternative Acquisition Agreement; or

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(i) there has been a breach of any covenant or agreement on the part of TrueCar set forth in the Merger Agreement; or (ii) any representation or warranty of TrueCar set forth in the Merger Agreement becomes inaccurate, and such breach or inaccuracy, in the cases of clauses (i) or (ii), (A) would result in certain conditions to the Closing not being satisfied and (B) is not curable within thirty (30) days, or if curable, is not cured within thirty (30) days of notice from Parent of such breach; provided, however, that the right to terminate the Merger Agreement pursuant to this bullet will not be available to Parent if Parent or Merger Subsidiary is 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.

#### Termination by TrueCar
The Merger Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time (notwithstanding receipt of the Company Stockholder Approval) by TrueCar if:

•

prior to receipt of the Company Stockholder Approval, the Board authorizes TrueCar, subject to compliance with the provisions of the Merger Agreement that govern the solicitation of Acquisition Proposals, to enter into an Alternative Acquisition Agreement concerning a Superior Proposal; provided that in the event of such termination, TrueCar substantially concurrently enters into such Alternative Acquisition Agreement; provided, further, that TrueCar may only terminate the Merger Agreement pursuant to this bullet if it has paid to Parent the Termination Fee payable pursuant to the Merger Agreement;

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(i) there has