Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 220

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 220
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 ​ | ​ | Description           | ​ |
| A       | ​ | ​ | Form of Payoff Letter | ​ |

A-4

TABLE OF CONTENTS

### AGREEMENT AND PLAN OF MERGER
AGREEMENT AND PLAN OF MERGER (this “

#### Agreement
”) dated as of October 14, 2025 among TrueCar, Inc., a Delaware corporation (the “

#### Company
”), Fair Holdings, Inc., a Delaware corporation (“

#### Parent
”), and Rapid Merger Subsidiary, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent (“

#### Merger Subsidiary
”).

<div align='center'>**W I T N E S S E T H:**</div>

WHEREAS, upon the terms and subject to the conditions set forth in this Agreement, Merger Subsidiary will be merged with and into the Company, with the Company continuing as the Surviving Corporation, and each issued and outstanding share of Company Stock immediately prior to the Effective Time (other than as set forth in Section 2.2 and Dissenting Shares) will be converted into the right to receive the Merger Consideration;

WHEREAS, the Board of Directors of the Company has unanimously (i) determined that this Agreement and the Transactions, including the Merger, are advisable, fair to and in the best interests of the Company and its stockholders; (ii) approved the execution, delivery and performance by the Company of this Agreement and the Support Agreements, and the consummation of the transactions contemplated hereby and thereby, including the Merger (collectively, with the financing contemplated by the Equity Commitment Letter, the “

#### Transactions
”); (iii) declared advisable this Agreement and the Transactions on the terms and subject to the conditions set forth herein; and (iv) resolved to recommend that the Company’s stockholders vote to approve and adopt this Agreement and the Transactions, including the Merger, and (v) directed that this Agreement be submitted to the Company’s stockholders for their approval;

WHEREAS, concurrently with the entry into this Agreement and as inducement to Parent entering into this Agreement, certain stockholders of the Company, including the members of the Board of Directors of the Company and certain of their Affiliates, are delivering to Parent and the Company duly executed voting and support agreements, agreeing to certain matters with respect to the Transactions (the “

#### Support Agreements
”);

WHEREAS, certain stockholders of the Company (