Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099555
Chunk: 3

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 3
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 Time, for each Vested Company RSU an amount in cash equal to the Merger Consideration per share     
 of Company Stock, less any applicable withholding taxes;                                                                                    |

| · | each performance-based restricted stock unit of the Company that is outstanding                                                               
 immediately prior to the Effective Time (each, a “Company PSU”), whether or not vested, and whether settleable in shares                      
 of Company Stock or cash, shall be canceled, and Parent shall cause the Surviving Corporation to pay each holder, within sixty (60) days      
 of the Effective Time, for each Company PSU that qualifies as a “Change in Control Transaction Determined Unit” (as                           
 defined and determined in accordance with the Performance Unit Award Determination, Vesting and Issuance Criteria attached to the Performance 
 Unit Award Agreement evidencing the award of such Company PSU) an amount in cash equal to the Merger Consideration per share of Company       
 Stock, less any applicable withholding taxes; and                                                                                             |

| · | each option to purchase shares of Company Stock that is outstanding (but                                                                 
 not yet exercised) immediately prior to the Effective Time (each, a “Company Option”), whether or not vested, shall                      
 be canceled, and Parent shall cause the Surviving Corporation to pay to each holder of a validly granted Company Option with an exercise 
 price per share of Company Stock that is less than the Merger Consideration per share of Company Stock (each, an “In-the-Money           
 Company Option”), within sixty (60) days of the Effective Time, an amount in cash equal to the Merger Consideration per share            
 of Company Stock less (i) the exercise price per share of Company Stock of the Company Option and (ii) applicable withholding            
 taxes.                                                                                                                                   |

For the avoidance of doubt, at the Effective Time,
(i) each Company PSU that is not a Change in Control Determined Unit shall be canceled for no consideration and (ii) each Company
Option that is not an In-the-Money Company Option shall be canceled for no consideration.

In addition, at the Effective Time, the portion
of each award of Company RSUs that is unvested and outstanding immediately prior to the Effective Time and that does not vest upon the
occurrence of the Effective Time by its terms and without any action by the Company (including as set forth in the Merger Agreement) (each,
an “Unvested Company RSU Award”), whether settleable in shares of Company Stock or cash, shall be converted into the
conting