Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 33

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 33
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 be so true as of such time); and

•

each of the other representations and warranties of TrueCar contained in the Merger Agreement (disregarding all materiality and Material Adverse Effect qualifications contained therein) must have been true and correct as of the date of the Merger Agreement and must be true and correct as of the Effective Time as if made at and as of such time (other than representations and warranties that by their terms address matters only as of another specified time, which only need to be so true as of such time), with only such exceptions as have not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

•

since the date of the Merger Agreement, there must not have been a Material Adverse Effect; and

•

the receipt by Parent of a certificate signed by an executive officer of TrueCar, certifying that the conditions described in the preceding five (5) bullets have been satisfied.

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TABLE OF CONTENTS

Conditions to TrueCar’s Obligations to Effect the Merger

In addition, the obligations of TrueCar to effect the Merger are subject to the satisfaction or waiver (where permissible pursuant to applicable law) of the following conditions at or prior to the Closing:

•

each of Parent and Merger Subsidiary must have performed and complied with in all material respects all of its obligations, covenants, and agreements under the Merger Agreement required to be performed or complied with by it at or prior to the Closing;

•

each of the representations and warranties of Parent contained in the Merger Agreement regarding the corporate existence and power of Parent and Merger Subsidiary, Parent’s and Merger Subsidiary’s corporate authorization to enter into the Merger Agreement, the Support Agreements and the Equity Commitment Letter and to consummate the Transactions, the enforceability of the Merger Agreement, the Support Agreements and the Equity Commitment Letter and brokers must have been true and correct in all material respects at and as of the date of the Merger Agreement and must be true and correct in all material respects at and as of the Closing Date as if made at and as of such time (other than representations and warranties that by their terms address matters only as of another specified time, which only need to be so true as of such time);

•

each of the other representations and warranties of Parent contained in the Merger Agreement (disregarding all materiality and Parent Material Adverse Effect