Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 174

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 174
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 of its subsidiaries; or

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will, or will be construed to:

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prevent or restrict in any way the right of Parent, the Surviving Corporation or any of Parent’s other affiliates to terminate, reassign, promote or demote any employee, consultant, director or other service provider (or to cause any of the foregoing actions) at any time following the Effective Time, or to change (or cause the change of) the terms and conditions of employment or service of any such employee, consultant, director or other service provider at any time following the Effective Time;

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be an amendment to, modification, termination or establishment of, any Employee Plan or compensation or benefit plan, program, agreement, arrangement or policy of Parent or any of its subsidiaries;

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prevent Parent, the Surviving Corporation or any of Parent’s affiliates from amending, or any of its subsidiaries from amending, modifying, terminating or establishing any Employee Plan or other compensation or benefit plan, program, agreement, arrangement or policy after the Effective Time.

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TABLE OF CONTENTS

#### Financing

#### Equity Financing
Pursuant to the Equity Commitment Letter, the Investor has committed to contribute (or cause to be contributed) the Commitment to Parent at the Closing for the purpose of funding a portion of the Required Amount for Closing. The obligation of the Investor to provide the Equity Financing under the Equity Commitment Letter is subject to a number of conditions, which are discussed above under “The Merger (Proposal 1) — Financing of The Merger — Equity Financing.”

Subject to the terms and conditions of the Merger Agreement, each of Parent and Merger Subsidiary are not permitted to, without the prior written consent of the Company, effect or permit any replacement, amendment or modification to be made to, or any waiver of any provision or remedy pursuant to, the Equity Commitment Letter if such replacement, amendment, modification or waiver would reasonably be expected to:

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reduce the aggregate amount of the Equity Financing contemplated in the Equity Commitment Letter;

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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;

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materially delay or prevent the Closing;

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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

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adversely impact the ability of Parent, Merger Subsidiary or the Company, as applicable, to