Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 374

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 374
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 against Parent or any other investor executing a substantially similar commitment letter agreement with respect to the Transaction, as a defense, counterclaim, crossclaim or set-off, any defense, counterclaim, claim, right of recoupment or set-off that it may at any time have against Parent or such other investor (including, without limitation, failure of consideration, fraud, fraudulent inducement, statute of limitations, payment, accord and satisfaction and usury); or (g) any other circumstance that might otherwise constitute a legal or equitable discharge of, or a defense, set-off or counterclaim available to the Investor other than the funding in full of the Investor’s Commitment in accordance herewith or the valid and effective termination of this Equity Commitment Letter in accordance with its terms. The Investor expressly waives any and all rights or defenses arising by reason of any Applicable Law which would otherwise require any election of remedies by Parent other than those available under the Merger Agreement. Except as set forth herein, the Investor waives promptness, diligence, notice of non-performance, default, dishonor and protest, notice of any Commitment incurred and all other notices of any kind (other than notices expressly required to be provided to the Investor hereunder), all defenses which may be available by virtue of any valuation, stay, moratorium law or other similar Applicable Law now or hereafter in effect or any right to require the marshaling of assets of Parent or the Investor (or any permitted assignee hereunder) with respect to the Commitment or the Transaction. The Investor acknowledges that it will receive substantial direct and indirect benefits from the Transaction and that the waivers set forth in this Equity Commitment Letter are knowingly made in contemplation of such benefits.

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TABLE OF CONTENTS

6. No Assignment . The Commitment evidenced by this Equity Commitment Letter shall not be assignable by Parent, on the one hand, or, except to the extent permitted by the express terms by Section 1(b) hereof, the Investor, on the other hand, without the prior written consent of the Investor (in the case of an assignment by Parent) or Parent (in the case of an assignment by Investor), and such consent, if granted, shall not constitute a waiver of this requirement as to any subsequent assignment; provided , that any such permitted assignment shall not relieve the Investor of its obligations hereunder and Parent (and the Company, solely to the extent permitted herein) shall be entitled to pursue all rights and remedies