Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 136

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 136
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, obtain and fully pay the premium for the non-cancellable extension of the directors’ and officers’ liability coverage of TrueCar’s existing directors’ and officers’ insurance policies and TrueCar’s existing fiduciary liability insurance policies (collectively, the “

#### D&O Insurance
”), in each case for a claims reporting or discovery period of at least six (6) years from and after the Effective Time with respect to any claim related to any period or time at or prior to the Effective Time, or the Company shall purchase from an insurance carrier with the same or better credit rating as TrueCar’s current insurance carrier with respect to D&O Insurance comparable D&O Insurance with terms, conditions, retentions and limits of liability that are no less favorable than the coverage provided under TrueCar’s existing policies with respect to any actual or alleged error, misstatement, misleading statement, act, omission, neglect, breach of duty or any matter claimed against a director or officer of TrueCar or any of its subsidiaries by reason of him or her serving in such capacity that existed or occurred at or prior to the Effective Time (including in connection with the Merger Agreement or the transactions or actions contemplated by the Merger Agreement).

If TrueCar or the Surviving Corporation for any reason fail to obtain such “tail” insurance policies as of the Effective Time, the Surviving Corporation will:

•

continue to maintain in effect, for a period of at least six (6) years from and after the Effective Time, the D&O Insurance in place as of the date of the Merger Agreement with TrueCar’s current insurance carrier or with an insurance carrier with the same or better credit rating as TrueCar’s current insurance carrier with respect to D&O Insurance with terms, conditions, retentions and limits of liability that are no less favorable than the coverage provided under TrueCar’s existing policies as of the date of the Merger Agreement; or

•

purchase from TrueCar’s current insurance carrier or from an insurance carrier with the same or better credit rating as TrueCar’s current insurance carrier with respect to D&O Insurance comparable D&O Insurance for such six-year period with terms, conditions, retentions and limits of liability that are no less favorable than as provided in TrueCar’s existing policies as of the date hereof;

provided, however, that: (i) in no event will Parent or the Surviving Corporation be required to expend for such policies pursuant to this sentence an aggregate amount in excess of 300% of the amount per annum that