Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 301

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 301
---
 contemplated in the Equity Commitment Letter, (ii) impose new or additional conditions or other terms or otherwise expand, amend or modify any of the conditions to the receipt of the Equity Financing, (iii) materially delay or prevent the Closing, (iv) make the timely funding of the Equity Financing, or the satisfaction of the conditions to obtaining the Equity Financing, less likely to occur in any material respect, or (v) adversely impact the ability of Parent, Merger Subsidiary or the Company, as applicable, to enforce its rights against the Investor under the Equity Commitment Letter. Parent shall notify the Company in writing of any such replacement, amendment, modification, or waiver of any of its rights under, or any notices received by Parent pursuant to Section 1.b of, the Equity Commitment Letter (to the extent not requiring prior written consent pursuant to this Section 7.6(a) ) promptly after the time such replacement, amendment, modification or waiver is agreed or such notice is provided by the Investor, as applicable. In addition, Parent shall not, without the prior written consent of the Company, provide its consent pursuant to Section 6 of the Equity Commitment Letter, to any assignment of the Commitment evidenced by the Equity Commitment Letter. Upon any such assignment, replacement, amendment or modification, or waiver under, such Equity Commitment Letter in accordance with this Section 7.6(a) , the term “Equity Commitment Letter” shall mean such Equity Commitment Letter as so assigned, replaced, amended, modified or waived (and consequently the term “Equity Financing” shall mean the Equity Financing contemplated by such Equity Commitment Letter as so replaced, amended, modified or waived), including in each case, for the avoidance of doubt, in respect of any Alternative Financing or Additional Equity Financing.

(b) On the terms and subject to the conditions set forth herein, prior to the Effective Time, Parent and Merger Subsidiary shall each use its respective reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper and advisable to consummate and obtain the Equity Financing on the terms and conditions described in the Equity Commitment Letter, including using its reasonable best efforts to (i) maintain in effect the Equity Commitment Letter, (ii) satisfy on a timely basis the Financing Conditions applicable to Parent and Merger Subsidiary, (iii) consummate the Equity Financing at or prior to the Closing, (iv)