Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 317

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 317
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 into a definitive agreement with respect to an Acquisition Proposal or an Acquisition Proposal shall have been consummated ( provided that for purposes of this clause (C), each reference to “20%” in the definition of Acquisition Proposal shall be deemed to be a reference to “50%”), then the Company shall pay to Parent in immediately available funds, concurrently with the occurrence of the applicable event described in clause (C), the Termination Fee.

(v) If this Agreement is terminated by the Company or Parent pursuant to Section 10.1(b)(iii) and the Board of Directors of the Company shall not have made an Adverse Recommendation Change, then the Company shall reimburse Parent and its Affiliates (including for this purpose, the Investor) by wire transfer of immediately available funds, no later than three 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) actually incurred by Parent and its Affiliates (including for this purpose, the Investor) in connection with the consideration, negotiation or consummation of this Agreement or the Transactions (collectively, the “

#### Parent Transaction Expenses
”), provided that the maximum amount for which the Company shall be obligated to reimburse Parent and its Affiliates (including for this purpose, the Investor) pursuant to this Section 10.3(b)(v) shall not exceed $3,000,000 in the aggregate.

(vi) “

#### Termination Fee
” means (A) if payable in connection with a valid termination of this Agreement by the Company pursuant to Section 10.1(d) , either (i) prior to the No-Shop Period Start Date or (ii) within ten (10) Business Days following the No-Shop Period Start Date with respect to a Superior Proposal made by an Excluded Party, an amount equal to $4,000,000, and (B) if payable in any other circumstance, an amount equal to $8,000,000.

(vii) The parties agree and acknowledge that in no event shall the Company be required to pay the Termination Fee on more than one occasion.

(c) If this Agreement is terminated by the Company pursuant to Section 10.1(f) or Section 10.1(g) , then Company shall be entitled to payment in an amount equal to $15,000,000 (the “

#### Parent Termination Fee
”) and the Company shall be entitled to permanently retain the entire