Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 27

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 27
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TABLE OF CONTENTS

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approve, authorize, agree, or publicly announce any intention to do any of the actions described in the preceding two bullets; provided that if any such action had the effect of withdrawing or amending, qualifying or modifying the Company Board Recommendation, in each case, in a manner adverse to Parent, such action would be deemed to be an Adverse Recommendation Change (as defined in the section of this proxy statement captioned “Merger Agreement — No Change of Recommendation”) unless the Board reaffirmed the Company Board Recommendation in connection with such action.

#### No Solicitation or Negotiation
Under the terms of the Merger Agreement, except as expressly permitted by the exceptions described above under the caption “

#### Go Shop
” and certain exceptions described below, until the earlier to occur of the termination of the Merger Agreement pursuant to its terms or the Effective Time, neither TrueCar nor any of its subsidiaries may, and TrueCar and its subsidiaries must cause their respective Representatives not to, directly or indirectly:

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solicit, initiate or knowingly take any action to facilitate or encourage the submission of any Acquisition Proposal;

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continue, encourage, enter into or participate in any discussions or negotiations with, furnish any non-public information relating to TrueCar or any of its subsidiaries, or afford access to the business, properties, assets, books or records of TrueCar or any of its subsidiaries to any third party in furtherance of any Acquisition Proposal;

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make an Adverse Recommendation Change (as defined in the section of this proxy statement captioned “Merger Agreement — No Change of Recommendation”);

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amend or grant any waiver or release under any standstill or similar agreement with respect to any class of equity securities of TrueCar or any of its subsidiaries;

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enter into any agreement in principle, letter of intent or term sheet, merger agreement, acquisition agreement, option agreement or other similar contract relating to an Acquisition Proposal (any such agreement, other than an Acceptable Confidentiality Agreement, an “

#### Alternative Acquisition Agreement
”);

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approve, except at the written request or with the prior written consent of Parent, any transaction under, or any third party becoming an “interested stockholder” under, Section 203 of the DGCL; or

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approve, authorize, agree, or publicly announce any intention to do any of the foregoing.

In addition, subject to certain exceptions described below, TrueCar was required to, and was required to cause its Representatives, its subsidiaries and its subsidiaries’ Representatives to, do the following (i