Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 370

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 370
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 of Parent’s right to cause the Commitment to be funded under Section 1 hereof, which right of specific performance may be sought directly against the Investor or indirectly through Parent, but, in each case, solely pursuant to the terms hereof, and for no other purpose.

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TABLE OF CONTENTS

4. Representations and Warranties . The Investor hereby represents and warrants to Parent that (a) it has all requisite power and authority to execute, deliver and perform this Equity Commitment Letter, (b) the execution, delivery and performance of this Equity Commitment Letter by the Investor (i) has been duly and validly authorized and approved by all necessary action by it, and (ii) shall not result (x) in any material breach or violation of, or constitute a material default (or an event which, with notice or lapse of time or both, would constitute a default) under, any Applicable Law, or (y) in a material breach or violation of, or constitute a material default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result in termination of, or accelerate the performance required by, any of the terms, conditions or provisions of (1) any material Contract to which the Investor is a party or otherwise bound or (2) the Investor’s organizational documents, (c) this Equity Commitment Letter has been duly and validly executed and delivered by it and (assuming due execution and delivery of this Equity Commitment Letter by Parent) constitutes a legal, valid and binding obligation of the Investor, enforceable against the Investor in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other Applicable Laws affecting creditors’ rights generally and general principals of equity, (d) the Investor has, and will have for so long as this Equity Commitment Letter shall remain in effect, available and unrestricted funds in excess of the Commitment hereunder plus the aggregate amount of all other commitments and obligations it has outstanding at such time, (e) payment in full of the sum of its Commitment shall not result in a breach or violation of any applicable concentration limits or similar restrictions applicable to the Investor, and (f) all consents, approvals, authorizations, permits of, filings with and notifications to, any Governmental Authority necessary for the due execution, delivery and performance of this Equity Commitment Letter by the Investor