CARFAX agrees to pay to the holder of a CARFAX® Vehicle History Report (the "Report") making a Claim (the "Claimant") the Claimant's purchase price of the vehicle to which the Report relates (the "Vehicle") up to 10% over the Kelley Blue Book value (see terms 8 and 9 for details) if the Report states that the Vehicle has a title history with no Branded Titles showing, but a Branded Title actually exists.

A "Branded Title" is a passenger motor vehicle ownership or registration document issued by any of the 50 states of the U.S. (or the District of Columbia) or a passenger motor vehicle registration document issued by any province of Canada which was issued with words or symbols signifying that the vehicle was: junked or salvaged; dismantled, rebuilt or reconstructed; flood damaged; fire damaged; hail damaged; bought back by its manufacturer ("Lemon Law" vehicle); odometer exceeds mechanical limits; odometer was not actual mileage; or which was issued with any other symbol or word signifying a similar Brand.