Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099555
Chunk: 2

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 2
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as defined below), if any, (ii) shares of Company Stock held by a holder who
is entitled to demand and properly demands appraisal of such shares in accordance with Section 262 of the Delaware General Corporation
Law (“Dissenting Shares”) and (iii) shares of Company Stock held by the Company, Parent or any of their respective
subsidiaries, excluding any Rollover Shares (each of (ii) and (iii), an “Excluded Share”)), will be canceled and
converted into the right to receive $2.55 per share in cash, without interest (the “Merger Consideration”) and subject
to any applicable withholding taxes. At the Effective Time, each Excluded Share will automatically be canceled and cease to exist, and
each Dissenting Share shall represent the right to receive the fair value of such Dissenting Share in accordance with the provisions of
Section 262 of the Delaware General Corporation Law.

Rollover Agreements

Prior to the Effective Time, Parent may seek to
enter into rollover and contribution agreements (the “Rollover Agreements”) with certain stockholders of the Company
(each, a “Rollover Stockholder” and, collectively, the “Rollover Stockholders”), pursuant to which
each Rollover Stockholder would receive an equity interest in Parent as consideration for the contribution to Parent of shares of Company
Stock held by such Rollover Stockholder prior to the Effective Time (collectively, the “Rollover Shares”). If any Rollover
Agreements are executed and delivered prior to the Effective Time, then the Rollover Shares issued and outstanding immediately prior to
the Effective Time will be canceled and, pursuant to the Rollover Agreements, the holder of such Rollover Shares will be entitled to receive
shares of the common stock of Parent in respect thereof.

Treatment of Company Equity Awards

Pursuant to the Merger Agreement, at the Effective
Time:

| · | each then outstanding service-based restricted stock unit of the Company                                                                    
 (each, a “Company RSU”) that is vested and outstanding but not yet settled (including any Company RSU that vests pursuant                   
 to the terms of the Merger Agreement) immediately prior to the Effective Time (each, a “Vested Company RSU”), whether                       
 settleable in shares of Company Stock or cash, shall be canceled, and Parent shall cause the Surviving Corporation to pay each such holder, 
 within sixty (60) days of the Effective