Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099555
Chunk: 4

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 4
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ent right solely to receive from the Surviving Corporation, in full satisfaction of the rights of such holder with respect thereto,
an amount in cash (a “Converted Stock Unit Cash Award”) equal to the product obtained by multiplying (A) the Merger
Consideration per share of Company Stock by (B) the number of shares of Company Stock covered by the applicable Unvested Company
RSU Award immediately prior to the Effective Time. Each Converted Stock Unit Cash Award shall continue to vest on the same schedule and
conditions as applied to the applicable Unvested Company RSU Award and shall otherwise remain subject to the same terms and conditions
as applied to the corresponding Unvested Company RSU Award, as applicable, immediately prior to the Effective Time (excluding any terms
rendered inoperative by reason the Merger and for such other administrative or ministerial changes as in the reasonable and good faith
determination of Parent are appropriate to conform the Converted Stock Unit Cash Award). Parent shall cause payment of each applicable
portion of a Converted Stock Unit Cash Award to be made to the applicable holder through the payroll or other appropriate system of the
Surviving Corporation, as applicable, as soon as practicable after the applicable vesting date, but in each such case within sixty (60)
days following the applicable vesting date, less any applicable withholding taxes and without interest.

Financing; Deposit Amount

As described in more detail below, Parent plans
to finance the Transactions utilizing a combination of (i) the Company’s “Cash on Hand” (as defined in the
Merger Agreement), (ii) an equity financing commitment in the amount of $164,000,000 (the “Commitment”) provided
by the Investor pursuant to the terms of the Equity Commitment Letter described under “Equity Commitment Letter”
below, and (iii) the Additional Equity Financing (as defined below).

Concurrently with the execution and delivery of
the Merger Agreement and the Equity Commitment Letter, the Investor funded and irrevocably deposited $15,000,000 (the “Deposit Amount”) with the Company on behalf of Parent for the sole purpose of either (i) satisfying any obligation of Parent to
pay the Parent Termination Fee (as defined below) pursuant to the Merger Agreement or (ii) paying a portion of the aggregate Merger
Consideration to be paid by Parent at the closing of the Transactions (the “Closing”). Until the earlier to occur of
the termination of the Merger Agreement and the