Company: TRUE
Filing Date: 2025-11-24
Form Type: DEFM14A
Source: 0001104659-25-115451
Chunk: 157

Company: TrueCar, Inc.
Filing Date: 2025-11-24
Form: DEFM14A
Chunk 157
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the Deposit Amount; and

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the exclusivity and terms of the representations and warranties made by TrueCar.

The representations and warranties in the Merger Agreement of each of TrueCar, Parent and Merger Subsidiary will not survive the consummation of the Merger or, except in the case of actual and intentional fraud, the termination of the Merger Agreement.

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TABLE OF CONTENTS

### Conduct of Business Pending the Merger
The Merger Agreement provides that, except: (i) as required by applicable law; (ii) as expressly required by the Merger Agreement; (iii) as set forth in the TrueCar Disclosure Schedule; or (iv) if Parent consents in writing (such consent to not be unreasonably withheld, conditioned or delayed), from the date of the Merger Agreement until the Effective Time (or such earlier date and time on which the Merger Agreement is terminated in accordance with its terms), TrueCar will, and will cause its subsidiaries to, use reasonable best efforts to conduct its business in the ordinary course.

In addition, TrueCar has also agreed that, except with the prior written consent of Parent (which consent will not be unreasonably withheld, conditioned or delayed) or as expressly contemplated by the Merger Agreement or as set forth in the TrueCar Disclosure Schedule or as required by applicable law, from the date of the Merger Agreement until the Effective Time (or such earlier date and time on which the Merger Agreement is terminated in accordance with its terms), TrueCar will not, and will not permit any of its subsidiaries to, among other things (and subject to certain exceptions):

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amend its certificate of incorporation, Bylaws or similar organizational documents;

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adjust, split, combine or reclassify any shares of its capital stock;

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declare, set aside or pay any dividend or other distribution (whether in cash, stock or property or any combination thereof) in respect of its capital stock;

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redeem, repurchase or otherwise acquire or offer to redeem, repurchase or otherwise acquire, any of the capital stock or other equity interests of TrueCar or any of the capital stock or other equity interests of any of TrueCar’s subsidiaries;

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issue, deliver, pledge, grant, 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