Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 122

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 122
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 Commitment to Parent at the Closing for the purpose of funding a portion of the Required Amount. The obligation of the Investor to provide the Equity Financing under the Equity Commitment Letter is subject to a number of conditions, including: (i) satisfaction or waiver by TrueCar, Parent and Merger Subsidiary, as applicable, of each the conditions to the obligations of Parent and Merger Subsidiary to consummate the Merger set forth in the Merger Agreement (other than those conditions that by their nature are to be satisfied at the Closing, which conditions are capable of being satisfied if the Closing were to occur at such time) and the Closing is required to occur pursuant to the Merger Agreement; (ii) satisfaction or waiver of the Additional Financing Condition; and (iii) Parent’s receipt of written confirmation from TrueCar that TrueCar is ready and willing to consummate the Merger and TrueCar stood ready, willing and able to consummate the Merger and the Transactions.

The obligation of the Investor to fund the Equity Financing will automatically and immediately terminate upon the earliest to occur of: (i) the Investor funding the Commitment required to be funded by it under the Equity Commitment Letter, the occurrence of the Closing, and the payment of the Required Amount pursuant to the terms of the Merger Agreement; (ii) the valid and effective termination of the Merger Agreement in accordance with its terms; or (iii) the initiation by TrueCar or any of its affiliates or representatives of a claim or legal proceeding alleging or asserting that any provision of the Equity Commitment Letter is illegal, invalid or unenforceable in whole or in part or that the Investor is liable in excess of or to a greater extent than the Commitment or, if the Merger Agreement has been validly and effectively terminated in accordance with its terms and the Parent Termination Fee and any Enforcement Expenses are payable pursuant to the Merger Agreement, the Deposit Amount, together with any investment earnings and interest thereon, other than certain permitted claims.

TrueCar is an express third-party beneficiary of the Equity Commitment Letter solely with respect to seeking and obtaining specific performance of Parent’s right to cause the Equity Financing to be funded by the Investor to Parent in accordance with the Equity Commitment Letter, solely to the extent Parent can enforce funding of the equity commitment pursuant to the terms of the Equity Commitment Letter.

#### Certain Effects of the Merger
If the Merger Proposal receives the required approval of the Company Stockholders described elsewhere in this proxy statement and