Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 124

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 124
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 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 the other conditions to the Closing are either satisfied or waived

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**TABLE OF CONTENTS

(where permissible pursuant to applicable law) and the Merger Agreement is not otherwise terminated in accordance with its terms, Merger Subsidiary will be merged with and into TrueCar in accordance with the DGCL and on the terms and subject to the conditions set forth in the Merger Agreement.

At the Effective Time, TrueCar’s certificate of incorporation will, by virtue of the Merger, be amended and restated in its entirety to read as the certificate of incorporation of Merger Subsidiary in effect immediately prior to the Effective Time (except that Paragraph 1 of Merger Subsidiary’s certificate of incorporation will provide that the name of the Surviving Corporation will be “TrueCar, Inc.” and the provisions relating to the incorporator will be omitted). Such certificate of incorporation, as so amended, will be the certificate of incorporation of the Surviving Corporation until thereafter amended.

The parties to the Merger Agreement have agreed to take all actions necessary so that at the Effective Time, the Bylaws are amended and restated to read as the bylaws of Merger Subsidiary in effect as of immediately prior to the Effective Time, and as so amended and restated will be the bylaws of the Surviving Corporation (except that references therein to the name of Merger Subsidiary will be replaced by references to the name of the Surviving Corporation) until amended in accordance with applicable law, the Surviving Corporation’s certificate of incorporation and such by