Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 187

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 187
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Shop Period Start Date with respect to a Superior Proposal made by an Excluded Party.

#### Parent Termination Fee
Parent will be required to pay TrueCar the Parent Termination Fee if TrueCar terminates the Merger Agreement because:

•

(i) any covenant or agreement on the part of Parent or Merger Subsidiary set forth in the Merger Agreement has been breached; or (ii) any inaccuracy in any representation or warranty of Parent and Merger Subsidiary set forth in the Merger Agreement has become inaccurate, and such breach or inaccuracy, in either case, (A) resulted in certain conditions to the Closing not being satisfied and (B) was not curable within thirty (30) days, or if curable, was not cured within thirty (30) days of notice from TrueCar to Parent of such breach; provided, however, that TrueCar was not 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 Parent’s and Merger Subsidiary’s obligations to consummate the Merger; or

•

a Parent Failure to Close has occurred.

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TABLE OF CONTENTS

Parent Transaction Expenses; Refund of Deposit Amount; Enforcement Expenses

Reimbursement of Parent Transaction Expenses

If the Merger Agreement is terminated by the Company or Parent 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 the Board did not make an Adverse Recommendation Change, then the Company is required to reimburse Parent and its affiliates (including for this purpose, the Investor) by wire transfer of immediately available funds, no later than three (3) business days after such termination, for 100% of their out-of-pocket fees, costs, obligations owed to third parties and expenses (including reasonable fees and expenses of their counsel) that are actually incurred by Parent and its affiliates (including for this purpose, the Investor) in connection with the consideration, negotiation or consummation of the Merger Agreement or the Transactions (collectively, the “

#### Parent Transaction Expenses
”); provided that the maximum amount for which the Company will be obligated to reimburse Parent and its affiliates (including for this purpose, the Investor) will not exceed $3,000,000 in the aggregate.

Refund of Deposit Amount

In the event that