Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 38

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 38
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 of the Merger to be consummated by the End Date did not result from a material breach by Parent of any provision of the Merger Agreement; or

•

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

•

each of the following conditions is satisfied:

•

after the date of the Merger Agreement and prior to (i) the Special Meeting (in the case of a termination as a result of a failure to obtain the Company Stockholder Approval at the Special Meeting) or (ii) the termination of the Merger Agreement (in

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the case of a termination for any other reason listed above), an Acquisition Proposal is publicly announced or otherwise is communicated to the Board; and

•

within twelve (12) months following the date of such termination, the Company enters into a definitive agreement with respect to an Acquisition Proposal or an Acquisition Proposal is consummated (provided, that for purposes of this bullet, each reference to “20%” in the definition of Acquisition Proposal will be deemed to be a reference to “50%”).

Notwithstanding the foregoing, the Termination Fee shall be $4,000,000 (solely for purposes of this proxy statement, the “

#### Reduced Termination Fee
”) if:

•

TrueCar validly 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

•

such termination occurs 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.

#### 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 the Parent Transaction Expenses; provided that the maximum amount for which the Company will