Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 135

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 135
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 or any matter claimed against a director or officer of TrueCar or any of its subsidiaries by reason of him or her serving in such capacity that existed or occurred at or prior to the Effective Time (including in connection with the Merger Agreement or the transactions or actions contemplated by the Merger Agreement).

If TrueCar or the Surviving Corporation for any reason fail to obtain such “tail” insurance policies as of the Effective Time, the Surviving Corporation will:

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continue to maintain in effect, for a period of at least six (6) years from and after the Effective Time, the D&O Insurance in place as of the date of the Merger Agreement with TrueCar’s current insurance carrier or with an insurance carrier with the same or better credit rating as TrueCar’s current insurance carrier with respect to D&O Insurance with terms, conditions, retentions and limits of liability that are no less favorable than the coverage provided under TrueCar’s existing policies as of the date of the Merger Agreement; or

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purchase from TrueCar’s current insurance carrier or from an insurance carrier with the same or better credit rating as TrueCar’s current insurance carrier with respect to D&O Insurance comparable D&O Insurance for such six-year period with terms, conditions, retentions and limits of liability that are no less favorable than as provided in TrueCar’s existing policies as of the date hereof;

provided, however, that: (i) in no event will Parent or the Surviving Corporation be required to expend for such policies pursuant to this sentence an aggregate amount in excess of 300% of the amount per annum that TrueCar paid in its last full fiscal year; and (ii) if the aggregate premiums of such insurance coverage exceed such amount, the Surviving Corporation will be obligated to obtain a policy with the greatest coverage available, with respect to matters occurring prior to the Effective Time, for a cost not exceeding such amount.

If Parent, the Surviving Corporation or any of its successors or assigns:

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consolidates with or merges with or into any other Person and is not the continuing or surviving Person of such consolidation or merger; or

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transfers or conveys all or substantially all of its properties and assets to any Person,

then, and in each such case, to the extent necessary, proper provision will be made so that the successors and assigns of Parent or the Surviving Corporation, as the case may be, will assume the obligations set forth in the directors’ and officers’ liability covenants contained in the Merger Agreement.