Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 370

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 370
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 executed equity and/or debt commitment letters from investors other than the Investor and its Affiliates, in forms reasonably satisfactory to the Investor and Parent, in an aggregate amount of at least $60.0 million (the “ Additional Financing Amount ”); and

(iv) the Company has irrevocably confirmed to Parent in writing that the Company is ready and willing to consummate the Merger and the Company stood ready, willing and able to consummate the Merger and the Transactions.

e. Neither the Investor nor any Affiliate thereof may rely on the failure of any condition set forth in Section 1(d) to be satisfied if such failure was primarily caused by (i) in the case of a failure of any of the conditions set forth in Section 1(d) , the failure of Parent or Merger Subsidiary to perform any

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of their respective obligations under the Merger Agreement and (ii) in 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