Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 235

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 235
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 withholding Taxes pursuant to Section 2.8 . As of the Effective Time, all such shares of Company Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and shall thereafter represent only the right to receive the Merger Consideration to be paid in accordance with Section 2.3 , without interest and subject to any applicable withholding Taxes pursuant to Section 2.8 .

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(b) Each share of Company Stock held by the Company as treasury stock or owned by any Subsidiary of the Company or by Parent or any Subsidiary of Parent immediately prior to the Effective Time, excluding any Rollover Shares, shall be canceled, and no payment shall be made with respect thereto.

(c) If any Rollover Agreements are executed and delivered prior to the Closing, then the Rollover Shares issued and outstanding immediately prior to the Effective Time shall be cancelled and, pursuant to such Rollover Agreements, the holder of such Rollover Shares shall be entitled to receive shares of the common stock of Parent in respect thereof.

(d) Each share of common stock of Merger Subsidiary issued and outstanding immediately prior to the Effective Time shall be converted into and become one share of common stock of the Surviving Corporation and shall constitute the only outstanding shares of capital stock of the Surviving Corporation.

Section 2.3 Surrender and Payment.

(a) Prior to the Effective Time, Parent shall appoint a paying agent selected by Parent with the Company’s prior written approval, which approval shall not be unreasonably conditioned, withheld, or delayed (the “

#### Exchange Agent
”) for the purpose of exchanging for the Merger Consideration (i) certificates representing shares of Company Stock (the “

#### Certificates
”) or (ii) uncertificated shares of Company Stock (the “

#### Uncertificated Shares
”). Prior to the Effective Time, Parent shall deposit (or cause to be deposited) with the Exchange Agent an amount of cash, by wire transfer of immediately available funds, which, together with the portion of the Company’s Cash on Hand that is to be used to pay a portion of the Merger Consideration (if any) and the Deposit Amount is equal to the aggregate Merger Consideration to be paid in respect of the Company Stock. At Closing, (x) Parent will instruct the Company to release the Deposit Amount to the Exchange Agent, and such amount