Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 22

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 22
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together with the other transactions contemplated by the Equity Commitment Letter, the “

#### Equity Financing
”). In addition, if the aggregate amount of the Equity Financing committed to be funded at the Closing, in combination with the Deposit Amount and the amount of the Company’s Cash on Hand at the Closing, would not reasonably be expected to equal or exceed the aggregate amount of the Merger Consideration payable at the Closing, plus the aggregate amount of the Company Transaction Expenses, then Parent must, and must cause its affiliates to, use its and their respective reasonable best efforts to arrange and obtain additional equity financing from the same or alternative sources (the “

#### Additional Equity Financing
”).

Parent and Merger Subsidiary plan to finance the Required Amount utilizing a combination of: (i) the Equity Financing; (ii) the Company’s Cash on Hand; and (iii) additional equity or debt commitments of at least $60 million in the aggregate to satisfy the Additional Financing Condition (as defined below).

Pursuant to the Equity Commitment Letter, the Investor has committed to contribute (or cause to be contributed) the Commitment to Parent at the Closing for the purpose of funding a portion of the Required Amount. The obligation of the Investor to provide the Equity Financing under the Equity Commitment Letter is subject to a number of conditions (collectively, the “

#### Financing Conditions
”), including: (i) satisfaction or waiver by TrueCar, Parent and Merger Subsidiary, as applicable, of each the conditions to the obligations of Parent and Merger Subsidiary to consummate the Merger set forth in the Merger Agreement (other than those 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 at such time); (ii) Parent shall have received duly executed equity and/or debt commitment letters from investors other than the Investor and its affiliates, in forms reasonably satisfactory to the Investor and Parent, in an aggregate amount of at least $60 million (the condition set forth in this clause (ii), the “

#### Additional Financing Condition
”); and (iii) Parent’s receipt of irrevocable written confirmation from TrueCar that TrueCar is ready and willing to consummate the Merger and TrueCar stood ready, willing and able to consummate the Merger and the Transactions.

Following Parent’s satisfaction of the Additional Financing Condition, the Investor is permitted to allocate all or a portion of its Commitment to one or more co-in