Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 369

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 369
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of, the Deposited Amount shall, to the extent released by the Company in accordance with the Merger Agreement and applied to the payment of the Required Amount, be credited against the amount of the Commitment on a dollar-for-dollar basis. Investor authorizes Parent and the Company to use the Deposited Amount, together with any investment earnings and interest thereon, in whole or in part, in satisfaction of a Required Use (including any requirement to pay the Parent Termination Fee solely to the extent required under Section 10.3(c) of the Merger Agreement and any Enforcement Expenses payable in connection therewith), but no other purpose. In the event of the valid and effective termination of the Merger Agreement pursuant to its terms and the Parent Termination Fee is not payable to the Company in connection with such termination pursuant to the terms of the Merger Agreement, Parent shall exercise such rights under the Merger Agreement as are reasonably necessary to ensure that the Company promptly causes the Deposited Amount, together with any investment earnings and interest thereon, to be refunded to Parent pursuant to the terms of the Merger Agreement, and upon receipt of such amount, Parent shall promptly cause the Deposited Amount, together with any investment earnings and interest thereon, to be refunded to the Investor. Notwithstanding anything herein to the contrary, the Investor’s sole obligations in connection with the payment by Parent of the Parent Termination Fee shall be the deposit of the Deposited Amount with Parent pursuant to the first sentence of this Section 1(c) , and in no event shall Investor be responsible for any additional amounts (including any Enforcement Expenses; provided , that any investment earnings or interest on the Deposited Amount may be used by the Company to pay for the Enforcement Expenses, if any, to which it is entitled pursuant to the terms of the Merger Agreement).

d. Conditions Precedent . The Investor’s obligation to fund such Investor’s Commitment (other than, for clarity, with respect to the Deposited Amount) shall be conditioned solely upon:

(i) the execution and delivery of the Merger Agreement by all parties to the Merger Agreement;

(ii) the satisfaction or waiver (to the extent permitted under Applicable Law) of all conditions precedent to the Closing set forth in Section 9.1 and Section 9.2 of 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);

(iii) Parent shall have received duly