Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099777
Chunk: 14

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 14
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 managers or officers,
including the effects of any outcomes related thereto; (xi) uncertainties related to the continued availability of capital and
financing; (xii) certain restrictions during the pendency of the proposed transaction that may impact the Company’s ability
to pursue certain business opportunities or strategic transactions; (xiii) uncertainty as to timing of completion of the proposed
transaction; (xiv) the Company’s ability to solicit an alternative transaction during the “Go-Shop” period;
(xv) the impact of adverse general and industry-specific economic and market conditions; and (xvi) other risks described
in the Company’s filings with the SEC, including under the heading “Risk Factors” in its Annual Report on Form 10-K
for the year ended December 31, 2024, and any Quarterly Report on Form 10-Q or Current Report on Form 8-K that contain
updates thereto. Forward looking statements included herein are made only as of the date hereof and the Company does not undertake any
obligation to update any forward looking statements as a result of new information, future developments or otherwise, except as required
by law. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.

Email to Affinity Partners

Dear Affinity Partner

I’m reaching out with exciting about the future
of TrueCar. We announced an agreement for TrueCar to be acquired by an investor group led by TrueCar founder Scott Painter. We believe
this transaction is a win-win for TrueCar, our investors, our affinity partner network, OEMs, Certified Dealers and car buyers. Following
the completion of the transaction, TrueCar will be a privately held company.

Scott Painter, who founded TrueCar in 2005 before departing in 2015,
will return as the Company’s Chief Executive Officer upon completion of the transaction. We also expect the investor group to have
deep operational experience, industry insight, and a long-term focus on innovation, united around a shared commitment to supporting TrueCar
as the most transparent and trusted platform in auto retail.

As a private company, we expect that TrueCar will have increased flexibility
to invest in the business and cement TrueCar’s position as a leading car buying platform. Ultimately, this transaction is about
creating a TrueCar that is positioned to better serve you and your members.

The transaction is expected to close in in the fourth quarter of 2025
or early 2026, subject to approval by