Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 280

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 280
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 indirectly beneficially own (as such term is defined in Rule 13d-3 promulgated under the 1934 Act) five percent (5%) or more of the outstanding shares of Company Stock or other securities of the Company (assuming for this purpose the full exercise of any options, warrants or other rights to acquire Company Stock or other securities of the Company held by such persons). At no time during the past three years has Parent, Investor or any of their respective “affiliates” or “associates” been an “interested stockholder” such that the restrictions in Section 203 of the DGCL would apply to the Transactions.

Section 5.10 Stockholder and Management Arrangements. As of the date hereof, other than the arrangements specifically set forth in this Agreement with respect to the Equity Commitment Letter and the Support Agreements, neither Parent or Merger Subsidiary nor any of their respective Affiliates is a party to any Contract, arrangement, commitment or understanding, or has authorized, made or entered into, or committed or agreed to enter into, any formal or informal arrangements or other understandings (whether or not binding) with any stockholder, director, officer, employee or other Affiliate of the Company or any of its Subsidiaries pursuant to which (a) any such holder of shares of Company Stock would be entitled to receive consideration of a different amount or nature than the Merger Consideration in respect of such holder’s shares of Company Stock or (b) any Person (including any stockholder, director, officer, employee or other Affiliate of the Company) has agreed to provide, directly or indirectly, equity investment to Parent, Merger Subsidiary or the Company to finance any portion of the Transactions.

Section 5.11 HSR Act. As of and immediately prior to the Closing, in relation to the HSR Act, the person (as such term is defined in 16 C.F.R. § 801.1(a)(1) and interpreted by the Federal Trade Commission) within which the Parent is included will have (a) annual net sales (as determined pursuant to 16 C.F.R. § 801.11) of less than the $100,000,000 (as adjusted) threshold set forth in 15 U.S. Code § 18a(a)(2)(B)(ii) (currently $252,900,000) and (b) total assets (as determined pursuant to 16 C.F.R. § 801.