Company: TRUE
Filing Date: 2025-10-15
Form Type: DEFA14A
Source: 0001104659-25-099555
Chunk: 5

Company: TrueCar, Inc.
Filing Date: 2025-10-15
Form: DEFA14A
Chunk 5
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 Closing, the Company must hold and invest the Deposit Amount in accordance with the terms
of the Merger Agreement. If the Transactions are consummated pursuant to the terms of the Merger Agreement, then the Deposit Amount, together
with any investment earnings and interest earned thereon, will be used to pay a portion of the aggregate Merger Consideration. If the
Merger Agreement is validly terminated under circumstances obligating Parent to pay the Parent Termination Fee, then the Company will
be entitled to permanently retain the Deposit Amount. If the Merger Agreement is validly terminated and the Parent Termination Fee is
not payable by Parent pursuant to the Merger Agreement in connection with such termination, then the Company will be required to return
the Deposit Amount, together with any investment earnings and interest thereon, to Parent.

If the aggregate amount of the Equity Financing
(as defined below) 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” (as defined in the Merger Agreement)
and Parent Transaction Expenses (as defined below), 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”).
Any equity commitment letters entered into in connection with the Additional Equity Financing must contain the terms stipulated by the
Merger Agreement, including providing that the Company is a third-party beneficiary thereunder.

Closing Conditions

The stockholders of the Company will be asked to
vote on the adoption of the Merger Agreement and the approval of the Merger and the other Transactions at a meeting of the Company’s
stockholders. The Merger is subject to the satisfaction or waiver (where permitted by applicable law) of certain closing conditions, including:

| · | The following conditions to the obligation of each party to close: |

| o | the adoption and approval of the Merger Agreement and the Transactions, including the Merger, by the affirmative vote of the holders 
 of a majority of the outstanding shares of Company Stock entitled to vote thereon (the “Company Stockholder Approval”);              |

| o | the absence of any law, regulation, order, judgment, injunction, ruling, writ, award or decree that restrains, enjo