Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 193

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 193
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 being required, in addition to any other remedy to which they are entitled at law or in equity. The pursuit of specific enforcement by any party to the Merger Agreement will not be deemed an election of remedies or waiver of the right to pursue any other right or remedy (whether at law or in equity) to which such party may be entitled at any time.

Notwithstanding anything to the contrary contained in the Merger Agreement, the parties to the Merger Agreement agreed that the Company will only be entitled to injunctive relief, specific performance or other equitable relief to enforce specifically the obligations of Parent and Merger Subsidiary to consummate the Closing if:

•

all of the mutual conditions precedent to the parties’, and all conditions precedent to each of Parent’s and Merger Subsidiary’s, obligations to consummate the Merger (other than conditions that by their nature are to be satisfied at the Closing, which conditions are capable of being satisfied if the Closing were to occur) have been satisfied or, to the extent permissible by applicable law, waived in accordance with the Merger Agreement;

•

Parent has failed to consummate the Merger on the date the Closing should have occurred pursuant to the Merger Agreement;

•

the Company has irrevocably confirmed to Parent in writing that, if Parent and Merger Subsidiary specifically perform their respective obligations under the Merger Agreement and the Equity Financing is funded, the Company is ready and willing to consummate the Merger; and

•

the proceeds of the Equity Financing have been funded or will be funded at the Closing on the terms (including the fulfillment of the Additional Financing Condition) set forth in the Equity Commitment Letter (including by way of enforcement by Parent or the Company of the Investor’s obligations to fund their applicable commitment amounts under the terms of the Equity Commitment Letter, to the extent permitted thereunder and subject to the limitations set forth therein).

While the Additional Financing Condition is a condition to the Company’s specific performance remedy, the Additional Financing Condition is not a condition to Parent’s requirement to consummate the Merger on the date of Closing. Therefore, if Parent fails to consummate the Merger on the date of Closing, even if the Additional Financing Condition is not satisfied, the Company would be entitled to receive the Parent Termination Fee if all of the conditions under the Merger Agreement, including those related to the payment of the Parent Termination Fee, are satisfied.

#### Third Party Beneficiaries
Except as set forth in the Merger Agreement, the parties