Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 36

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 36
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 been a breach of any covenant or agreement on the part of Parent or Merger Subsidiary set forth in the Merger Agreement; or (ii) any representation or warranty of Parent and Merger Subsidiary set forth in the Merger Agreement becomes inaccurate, and such breach or inaccuracy, in either case, (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 TrueCar to Parent of such breach; provided, however, that the right to terminate the Merger Agreement pursuant to this bullet will not be available to TrueCar if TrueCar 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 Parent’s and Merger Subsidiary’s obligations to consummate the Merger; or

•

each of the following occur (solely for purposes of this proxy statement, a “

#### Parent Failure to Close
”):

•

the mutual conditions precedent to the parties’, and the conditions precedent to each of Parent’s and Merger Subsidiary’s, obligations to consummate the Merger (other than conditions that by their nature are to be satisfied at the Closing, which conditions are capable at the time of termination of being satisfied if the Closing were to occur at such time) have been satisfied or, to the extent permissible, waived in accordance with the Merger Agreement;

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TABLE OF CONTENTS

•

TrueCar has irrevocably confirmed to Parent in writing that TrueCar is ready and willing to consummate the Merger;

•

Parent and Merger Subsidiary fail to consummate the Merger within five (5) business days after the later of TrueCar’s written indication pursuant to the preceding bullet and the date on which the Closing should have occurred pursuant to the Merger Agreement; and

•

during the five (5) business day period described in the preceding bullet, TrueCar stood ready, willing and able to consummate the Merger and the Transactions.

**Termination Fees and Expenses; Limitations on Liability (See page [•])**

#### Termination Fee
TrueCar will be required to pay Parent a termination fee (as applicable, the “

#### Termination Fee
”) in the amount of $8,000,000 if:

•

Parent terminates