Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 153

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 153
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 the Merger Agreement (excluding any risk factor disclosures solely set forth under the heading “Risk Factors” (other than any factual information contained therein), any “forward-looking statements” disclaimer, and any other disclosures contained or referenced therein of information, factors or risk to the extent they are predictive, cautionary or forward -looking in nature (other than any factual information contained therein)).

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Furthermore, certain of the representations and warranties in the Merger Agreement made by TrueCar are qualified as to “materiality” or “Material Adverse Effect.” For purposes of the Merger Agreement, “Material Adverse Effect” means, with respect to TrueCar, any fact, event, circumstance, occurrence or effect: (i) having a material adverse effect on the condition (financial or otherwise), business, assets or results of operations of TrueCar and its subsidiaries, taken as a whole; or (ii) prevents or materially impairs or delays, or would reasonably be expected to prevent or materially impair or delay, the ability of TrueCar to consummate the transactions contemplated by the Merger Agreement, except that, solely with respect to clause (i), none of the following matters, either alone or in combination, will be taken into account when determining whether a Material Adverse Effect has occurred, is occurring or would reasonably be expected to occur:

•

changes in generally accepted accounting principles in the United States, consistently applied (“

#### GAAP
”);

•

changes in the financial or securities markets or in general economic or political conditions;

•

changes in applicable law;

•

changes generally affecting the industry in which TrueCar or its subsidiaries operate;

•

acts of war, sabotage or terrorism;

•

the announcement or consummation of the Transactions;

•

any failure by TrueCar and its subsidiaries to meet any internal or published budgets, projections, forecasts or predictions of financial performance for any period, although this bullet will not prevent a party from asserting that any effect not otherwise excluded by other clauses of the definition of Material Adverse Effect that may have contributed to such failure independently constitutes or contributes to a Material Adverse Effect;

•

any action taken (or omitted to be taken) by TrueCar or any of its subsidiaries that is required or expressly contemplated pursuant to the Merger Agreement;

•

declines in the market price or trading volume of the shares of Common Stock, although this bullet will not prevent a party from asserting that any effect not otherwise excluded by other clauses of the definition of Material Adverse Effect that may