Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 265

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 265
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 its Subsidiaries has breached any fiduciary duty imposed upon it by ERISA or any other Applicable Law with respect to any Employee Plan; (ii) no prohibited transaction within the meaning of Section 406 or 407 of ERISA or Section 4975 of the Code (and not otherwise exempt under Section 408 of ERISA or Section 4975(c)(2) or 4975(d) of the Code) has occurred with respect to any Employee Plan; and (iii) all contributions, premiums, benefits and other payments due or required to have been paid to, under or with respect to each Employee Plan on or before the Effective Time have been (or will be) timely made in accordance with the terms of such Employee Plan and Applicable Law or, if not due until after the Effective Time, have been (or will be) accrued as a liability on the interim financial statements of the Company in accordance with GAAP or paid. Neither the Company nor any of its Subsidiaries has incurred (whether or not assessed), and, to the Company’s Knowledge, there exists no condition or set of circumstances in connection with which the Company, the Surviving

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Corporation, Parent or any of their respective Subsidiaries or Affiliates would reasonably be expected to incur, directly or indirectly, a material penalty, Tax, fine, Lien or liability under ERISA, the Code or any other Applicable Law with respect to any Employee Plan, in each case as a result of non-compliance with ERISA, the Code or any such Applicable Law.

(d) Each Employee Plan intended to be qualified under Section 401(a) of the Code is the subject of a current, unrevoked favorable determination letter (or, in the case of a pre-approved plan, is the subject of a current, unrevoked favorable opinion letter issued by the IRS to the sponsor of such pre-approved plan and upon which the Company and such Employee Plan are entitled, under applicable IRS guidance, to rely) to the effect that such Employee Plan is qualified and, to the Company’s Knowledge, nothing has occurred or failed to occur has, and no facts or circumstances exist that have, adversely affected or could reasonably be expected to adversely affect the qualified status of such Employee Plan.

(e) The Company and each of its Subsidiaries is and, at all relevant times, has been in compliance in all material respects with the Patient Protection