Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 278

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 278
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of, the “

#### Equity Commitment Letter
”) between the investor party thereto (the “

#### Investor
”) and Parent pursuant to which the Investor has committed to make an equity investment in Parent, subject to the terms and conditions therein, in cash in the aggregate amount set forth therein (the “

#### Equity Financing
”). All commitments and other fees required to be paid under the Equity Commitment Letter prior to the date hereof have been paid in full.

(b) Net proceeds of the Equity Financing, when funded in accordance with the Equity Commitment Letter and this Agreement, will be in an amount sufficient, together with the Cash on Hand and the Deposit Amount, to consummate the Merger when and upon the terms contemplated by this Agreement, to make all payments required by this Agreement to be made in connection with the Closing, and pay all related fees and expenses required to be paid by the Company, Parent and Merger Subsidiary on the Closing Date in connection with the Transactions (collectively, the “

#### Required Amount
”).

(c) As of the date hereof, the Equity Commitment Letter (in the executed form delivered by Parent to the Company) is in full force and effect and constitute the valid, binding and enforceable obligation of Parent and the Investor, as applicable, enforceable in accordance with its terms, and has not been amended or modified. The commitments contained in the Equity Commitment Letter have not been withdrawn or rescinded in any respect. Except for the Equity Commitment Letter, as of the date of this Agreement, there are no side letters or other Contracts or arrangements related to the terms of the Equity Financing. The Equity Commitment Letter provides that, subject to the terms and conditions set forth therein, including the Additional Financing Condition, the Company is an express third-party beneficiary thereunder, entitled to enforce the Equity Commitment Letter in accordance with its terms. As of the date hereof, there are no conditions precedent or other contingencies related to the funding, investing or use of the full amount of the Equity Financing contemplated by the Equity Commitment Letter, other than the conditions precedent set forth in the Equity Commitment Letter (such conditions precedent, the “

#### Financing Conditions
”). As of the date hereof, assuming that the closing condition set forth in Section 9.2(b) would be satisfied, Parent has no reason to believe that (i) any of the Financing Conditions will not be satisfied on or prior to the Closing Date or (ii) the Equity Financing will