Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 186

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 186
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 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

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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;

•

(i) there has 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

•

a Parent Failure to Close occurs.

#### Effect of Termination
If the Merger Agreement is validly terminated pursuant to the termination provisions described above, then the Merger Agreement will become void and of no further effect and the Transactions will be abandoned without liability of any party (or any stockholder or Representative of such party) to any other party thereto, except that:

•

the following provisions of the Merger Agreement (and the corresponding definitions of any defined terms used in each of those provisions) will survive the termination of the Merger Agreement: (i) the provisions governing the effect of termination; (ii) the provisions governing public announcements; and (iii) the Merger Agreement’s