Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 37

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 37
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 pursuant to the Merger Agreement; and

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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 107)**

#### 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:

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Parent terminates the Merger Agreement following the occurrence of a Fundamental Termination Event;

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Parent or the Company terminates the Merger Agreement (i) 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 (ii) the Board made an Adverse Recommendation Change;

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(i) TrueCar terminates the Merger Agreement prior to receipt of the Company Stockholder Approval because the Board authorized TrueCar to enter into a definitive Alternative Acquisition Agreement concerning a Superior Proposal; and (ii) such termination does not occur either (x) prior to the No-Shop Period Start Date or (y) within ten (10) business days following the No-Shop Period Start Date with respect to a Superior Proposal made by an Excluded Party; or

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the Merger Agreement is terminated:

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by Parent because: (i) any covenant or agreement on the part of TrueCar set forth in the Merger Agreement has been breached; or (ii) any representation or warranty of TrueCar set forth in the Merger Agreement has become inaccurate, and such breach or inaccuracy, in the cases of clauses (i) or (ii), (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 Parent to TrueCar of such breach; provided, however, that neither Parent nor Merger Subsidiary was 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 TrueCar’s obligation to consummate the Merger; or

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by Parent or the Company:

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because the Merger has not been consummated on or before the End Date; provided that in the case of termination by the Company pursuant to this bullet, the failure