Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 368

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 368
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 the case of a failure of any of the conditions set forth in Section 1.d.(ii) or Section 1.d.(iii) , the failure of the Investor or any Affiliate thereof to perform any of their respective obligations under this Equity Commitment Letter.

f. All obligations of the Investor relating to, arising out of or in connection with this Section 1 of this Equity Commitment Letter shall terminate automatically and immediately, and neither the Investor nor any Affiliate of Investor shall have any liability to any of the Company or any of its Affiliates pursuant to this Equity Commitment Letter or with respect to the Merger Agreement or the transactions contemplated thereby, upon the earliest to occur of: (i) the Investor funding the Commitment required to be funded by it hereunder, 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 the Company or any of its Affiliates or representatives of any Proceeding alleging or asserting that any provision of this 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 Deposited Amount, together with any investment earnings and interest thereon; provided, that in the case of the preceding clauses (ii) or (iii), if there is a dispute as to whether there has been a valid and effective termination of the Merger Agreement or whether the Parent Termination Fee or any Enforcement Expenses are payable in connection therewith, the obligations of Investor set forth in this Equity Commitment Letter shall not terminate until a court of competent jurisdiction issues a final, non-appealable Order holding that there has been a valid and effective termination of the Merger Agreement.

2. No Recourse . Subject to Section 3 below, notwithstanding anything that may be expressed or implied in this Equity Commitment Letter to the contrary, by its acceptance hereof, Parent acknowledges, covenants and agrees, on behalf of itself, its Affiliates, and any Person claiming by, through or on behalf of any of them, that all Proceedings (in each case, whether at law or in equity, and whether sounding in Contract, tort