Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 156

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 156
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, transfer, or sell any of the capital stock or other equity interests of TrueCar or any of TrueCar’s subsidiaries or authorize doing so;

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amend any term of any capital stock or other equity interests of TrueCar or of any of TrueCar’s subsidiaries;

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acquire (by merger, consolidation, acquisition of stock or assets or otherwise) any corporation or partnership or other business organization, or division thereof, or a material amount of the assets, securities, properties, interests or businesses of such Person;

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sell, lease or otherwise transfer any of its material assets, securities, properties, interests or businesses;

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make any material loans, advances or capital contributions to, or investments in, any other Person;

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incur any indebtedness for borrowed money or guarantees of the same;

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except as required by any Employee Plan (as defined in the Merger Agreement) as in effect as of the date of the Merger Agreement and disclosed to Parent or except as otherwise provided in the Merger Agreement or by applicable law:

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announce or accelerate the vesting or payment of, or grant any compensatory equity award;

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increase any severance or termination pay (or amend any existing severance pay or termination arrangement) for the benefit of any of the employees, directors, or other service providers of TrueCar or its subsidiaries;

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establish, adopt, enter into or materially amend any material service, consulting, deferred compensation or other similar material contract;

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increase the compensation or bonus opportunity payable or to become payable or benefits provided under any Employee Plan;

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establish, adopt, materially amend or terminate any material Employee Plan;

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hire any new employees not in the ordinary course of business or whose annualized base compensation and incentive compensation opportunity exceeds $250,000; or

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terminate, other than for cause or an employee’s performance failure: (i) more than, in the aggregate, ten (10) employees holding a title below the vice president level; or (ii) any TrueCar employees holding a title of vice president or higher;

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TABLE OF CONTENTS

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change TrueCar’s methods of accounting, except as required by concurrent changes in GAAP or in Regulation S-X of the Exchange Act;

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(A) make, revoke or change any material tax election, (B) adopt or change any material accounting method for tax purposes or change any tax accounting period, (C) request or agree to any extension or waiver of the statute of limitations relating to a material amount of taxes, (D