Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 372

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 372
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, the Investor waives promptness, diligence, notice of non-performance, default, dishonor and protest, notice of any Commitment incurred and all other notices of any kind (other than notices expressly required to be provided to the Investor hereunder), all defenses which may be available by virtue of any valuation, stay, moratorium law or other similar Applicable Law now or hereafter in effect or any right to require the marshaling of assets of Parent or the Investor (or any permitted assignee hereunder) with respect to the Commitment or the Transaction. The Investor acknowledges that it will receive substantial direct and indirect benefits from the Transaction and that the waivers set forth in this Equity Commitment Letter are knowingly made in contemplation of such benefits.

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TABLE OF CONTENTS

6. No Assignment . The Commitment evidenced by this Equity Commitment Letter shall not be assignable by Parent, on the one hand, or, except to the extent permitted by the express terms by Section 1(b) hereof, the Investor, on the other hand, without the prior written consent of the Investor (in the case of an assignment by Parent) or Parent (in the case of an assignment by Investor), and such consent, if granted, shall not constitute a waiver of this requirement as to any subsequent assignment; provided , that any such permitted assignment shall not relieve the Investor of its obligations hereunder and Parent (and the Company, solely to the extent permitted herein) shall be entitled to pursue all rights and remedies against the Investor subject to the terms and conditions of this Equity Commitment Letter and the Merger Agreement. Any purported assignment of the Commitment in contravention of this Section 6 shall be null and void.

7. Amendment . This Equity Commitment Letter may not be amended except pursuant to a written document duly executed by each of the Investor and Parent, and, if required under the terms of the Merger Agreement, consented to in writing by the Company.

8. Third Party Beneficiary . Except for the Company (to the extent set forth in Sections 3 , 6 , 7 and 13 hereof), no Person other than Parent shall be entitled to rely upon this Equity Commitment Letter, and this Equity Commitment Letter shall be binding upon and inure solely to the benefit of each party hereto and nothing herein or in any other agreement (including, without limitation, the Merger Agreement), express or implied, is intended to or shall confer upon any other Person any