Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 152

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 152
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 preceding sentences, except to the extent that a court of competent jurisdiction determines, by a final, non-appealable order, that the Company’s gross negligence, bad faith or willful misconduct caused such loss.

If the Closing is consummated pursuant to the terms of the Merger Agreement, then, at the Closing, the Deposit Amount, together with any investment earnings and interest earned thereon, will be sent by the Company to the Exchange Agent in accordance with the Merger Agreement and the Deposit Amount, together with any investment earnings and interest earned thereon, will be used to fund a portion of the aggregate Merger Consideration. If the Merger Agreement is validly terminated in accordance with the Merger Agreement and Parent is required to pay the Parent Termination Fee pursuant to the Merger Agreement in connection with such termination, then the Company will be entitled to permanently retain the Deposit Amount, and: (i) the investment earnings and interest earned thereon will be available to pay the Enforcement Expenses, if any, which the Company is entitled to collect pursuant to the Merger Agreement; and (ii) the Company will promptly return to Parent any balance of the investment earnings and interest earned on the Deposit Amount that remains after the payment of such Enforcement Expenses. If the Merger Agreement is validly terminated and the Parent Termination Fee is not payable pursuant to the Merger Agreement in connection with such termination, then the Company must return the Deposit Amount, together with any investment earnings and interest earned thereon, to Parent in accordance with the Merger Agreement. The Deposit Amount may only be used for the foregoing purposes and may not be used for any other purpose.

#### Representations and Warranties
The Merger Agreement contains representations and warranties made by TrueCar to Parent and Merger Subsidiary and representations and warranties made by Parent to TrueCar. Certain of the representations and warranties in the Merger Agreement are subject to knowledge qualifications, which means that those representations and warranties would not be deemed untrue, inaccurate or incorrect as a result of matters of which certain personnel of the party making the representation did not have actual knowledge, after reasonably due inquiry of their direct reports. In addition, the representations and warranties of TrueCar contained in the Merger Agreement are subject to the qualifications set forth in the TrueCar Disclosure Schedule, and in most cases certain of the reports of TrueCar filed with or furnished to the SEC on or after January 1, 2024 and publicly available at least two (2) business days prior to the date of