Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 96

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 96
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 a revised draft of the Merger Agreement to Greenberg and Perkins which reflected the removal of the minimum cash and maximum transaction expense conditions, included the mechanics for depositing the Parent Termination Fee in a separate account held by the Company, reflected updates to the go shop/no shop process, expanded the circumstances in which the Parent Termination Fee would be payable, and refined the additional financing condition and its impact on the Company’s ability to seek specific performance.

On October 7, 2025, Alston delivered a revised draft of the Equity Commitment Letter to Greenberg and Perkins.

On October 8, 2025, Perkins delivered a list of twenty-two (22) parties that Fair proposed to exclude from the go shop process.

Also on October 8, 2025, Greenberg delivered to Alston: (i) an updated draft of the Merger Agreement, which included various comments on the terms related to the deposit of an amount equal to the Parent Termination Fee with the Company and other minor changes; and (ii) an updated draft of the Equity Commitment Letter.

On October 9, 2025, representatives from Alston and Greenberg met to discuss whether notification under the HSR Act would be required given the current status of the expected financing for the transaction.

On October 9, 2025, Alston delivered to Greenberg and Perkins: (i) a revised list of eighteen (18) parties that would be excluded from the “go shop” process; and (ii) an updated draft of the Merger Agreement, which contained clarifications of the treatment of the Deposit Amount, among other changes.

Over the balance of October 10 through October 14, 2025, Perkins, Greenberg and Alston worked to finalize the terms of the Merger Agreement, the Equity Commitment Letter and the form of Support Agreement.

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On October 12, 2025, Alston delivered to Greenberg and Perkins: (i) a revised draft of the Merger Agreement with minor clean-up changes to align with the Equity Commitment Letter and completing certain blanks in the draft; (ii) an updated draft of the Equity Commitment Letter with minor clean-up changes; and (iii) an updated draft of the TrueCar Disclosure Schedule, including a list of eighteen (18) parties to be excluded from the go shop process and various other updates. Greenberg responded on October 12, 2025, with minor edits to