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

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 10
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 the extent permitted by law) of the conditions precedent to Parent’s and Merger Subsidiary’s obligations
to consummate the Closing set forth in the Merger Agreement, (ii) Parent’s receipt of duly executed equity 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 $60,000,000 (the “Additional Financing Condition”) and (iii) the Company’s irrevocable
confirmation to Parent in writing that the Company is ready, willing and able to consummate the Merger.

Subject to (i) the terms and conditions of
the Merger Agreement, including the specific performance provision contained therein, and (ii) the fulfillment of the conditions
precedent to Investor’s obligation to fund the Commitment set forth in the Equity Commitment Letter, including the Additional Financing
Condition, the Company has been made a third party beneficiary of the rights granted to Parent under the Equity Commitment Letter only
for the purpose of obtaining specific performance of Parent’s right to cause the Commitment to be funded in accordance with the
terms of the Equity Commitment Letter, which right of specific performance may be sought directly against the Investor or indirectly through
Parent.

Voting and Support Agreements

In connection with the execution of the Merger
Agreement, on October 14, 2025, the Company entered into Voting and Support Agreements (collectively, the “Support Agreements”)
with Parent and certain stockholders of the Company, specifically (i) all of the Company’s directors and executive officers
(the “Management Stockholders”) and (ii) certain stockholders of the Company affiliated with Caledonia (Private)
Investments Pty Limited and Caledonia US, LP (the “Caledonia Stockholders” and, together with the Management Stockholders,
the “Supporting Stockholders”), pursuant to which the Supporting Stockholders have agreed, among other things, subject
to the terms and conditions of the Support Agreement, to vote all of their shares of Company Stock in favor of the Merger and adoption
and approval of the Merger Agreement. The Management Stockholders beneficially own, in the aggregate, approximately 3.9% of the outstanding
shares of Company Stock, and the Caledonia Stockholders beneficially own, in the aggregate, approximately 21.1% of the outstanding shares
of Company Stock.

Each Support Agreement will terminate upon the
earliest to occur of