Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 167

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 167
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ervening Event; and

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during the period ending at 11:59 p.m. (Pacific Time) on the fifth (5 th ) business day following the date of the notice described in the preceding bullet, if Parent so requests, TrueCar must, and must direct its Representatives to, negotiate with Parent and its Representatives (in each case to the extent Parent desires to so negotiate), to amend the Merger Agreement such that the Intervening Event giving rise to such notice would no longer provide the basis for an Adverse Recommendation Change.

For purposes of this proxy statement and the Merger Agreement, “

#### Intervening Event
” means, with respect to TrueCar, a material fact, event, change or development in circumstances that:

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arises after the date of the Merger Agreement and was not known (or if known, the consequences or magnitude of which were not known or reasonably foreseeable) to the Board as of or prior to the date of the Merger Agreement; and

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did not result from or arise out of the announcement or pendency of the Transactions or any action taken or not taken by the Company that is required or expressly contemplated pursuant to the Merger Agreement; provided, however, that in no event will the following facts, events, changes or development in circumstances constitute an Intervening Event:

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the receipt, existence, or terms of an Acquisition Proposal (which, for the purposes of the Intervening Event definition, is read without reference to the percentage thresholds set forth in the definition thereof);

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any change in the market price or trading volume of the Company Stock (it being understood that this bullet will not prevent TrueCar from asserting that any fact, event, change or development in circumstances not otherwise excluded that may have contributed to such change may constitute an Intervening Event);

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the mere fact, in and of itself, that TrueCar meets or exceeds any internal or published financial projections or forecasts for any period ending on or after the date of the Merger Agreement (it being understood that this bullet will not prevent TrueCar from asserting that any fact, event, change or development in circumstances not otherwise excluded that may have contributed to meeting or exceeding any internal or published financial projections may constitute an Intervening Event); or

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changes in general economic or geopolitical conditions, or changes in conditions in the global, international or U.S. economy generally.

#### Access to Information
Subject to applicable law and the confidentiality agreement between TrueCar and Fair, from the date of the Merger Agreement until the