Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 31

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 31
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 to an Intervening Event; and

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during the period ending at 11:59 p.m. (Pacific Time) on the fifth (5th) business day following the date of the notice described in the preceding bullet, if Parent so requests, TrueCar must, and must direct its Representatives to, negotiate with Parent and its Representatives (in each case to the extent Parent desires to so negotiate), to amend the Merger Agreement such that the Intervening Event giving rise to such notice would no longer provide the basis for an Adverse Recommendation Change.

Conditions to the Closing of the Merger (See page [•])

Conditions to Each Party’s Obligations to Effect the Merger

Each party’s obligations to effect the Merger are subject to the satisfaction or waiver (where permissible pursuant to applicable law) of the following conditions at or prior to the Closing:

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the Company Stockholder Approval must have been obtained;

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no Governmental Authority having enacted, issued, promulgated, enforced or entered any applicable law, whether temporary, preliminary or permanent, that restrains, enjoins, renders illegal or otherwise prohibits the consummation of the Merger or the Transactions that remains in effect;

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if applicable, the waiting period (including any extensions thereof) under the HSR Act relating to the Merger and the Transactions must have expired or been terminated; and

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there must not be pending any material cause of action, proceeding, suit, hearing, litigation, audit, arbitration, mediation, notice of violation, enforcement action, or investigation (whether civil, criminal, administrative, judicial or investigative) by or before any Governmental Authority that is brought by the DOJ or FTC under any applicable antitrust law: (i) challenging or seeking to restrain, enjoin, render illegal or otherwise prohibit the consummation of the Merger or the Transactions; or (ii) seeking to prohibit Parent or the Surviving Corporation’s ownership or operation of all or any portion of the Company’s business or assets under any applicable antitrust law as a result of the Merger or the Transactions.

Conditions to Parent’s and Merger Subsidiary’s Obligations to Effect the Merger

In addition, the obligations of Parent and Merger Subsidiary to effect the Merger are subject to the satisfaction or waiver (where permissible pursuant to applicable law) of the following conditions at or prior to the Closing:

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TrueCar must have performed and complied in all