Company: TRUE
Filing Date: 2025-11-13
Form Type: PREM14A
Source: 0001104659-25-111498
Chunk: 160

Company: TrueCar, Inc.
Filing Date: 2025-11-13
Form: PREM14A
Chunk 160
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 its subsidiaries, or afford access to the business,

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TABLE OF CONTENTS

properties, assets, books or records of TrueCar or any of its subsidiaries to any third party in furtherance of any Acquisition Proposal;

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make an Adverse Recommendation Change (as defined below);

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amend or grant any waiver or release under any standstill or similar agreement with respect to any class of equity securities of TrueCar or any of its subsidiaries;

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enter into any Alternative Acquisition Agreements;

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approve, except at the written request or with the prior written consent of Parent, any transaction under, or any third party becoming an “interested stockholder” under, Section 203 of the DGCL; or

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approve, authorize, agree, or publicly announce any intention to do any of the foregoing.

In addition, subject to certain exceptions described below, TrueCar was required to, and was required to cause its Representatives, its subsidiaries and its subsidiaries’ Representatives to, do the following: (i) with respect to any No-Shop Party, on the date of the Merger Agreement; and (ii) with respect to any other third party (other than an Excluded Party), on the No-Shop Period Start Date:

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cease immediately and cause to be terminated any and all existing discussions or negotiations, if any, with any third party and its Representatives conducted prior to the date of the Merger Agreement with respect to any Acquisition Proposal;

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promptly request that all copies of all confidential information that TrueCar or any of its Representatives have distributed or made available to any such third party in connection with their consideration of any Acquisition Proposal (and all analyses and other materials prepared by or on behalf of such third party that contains, reflects or analyzes that information) be promptly destroyed or returned to the extent required by any confidentiality or similar agreement with such third party; and

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cause any physical or virtual data room to no longer be accessible to or by any such third party.

If after the date of the Merger Agreement and prior to obtaining the Company Stockholder Approval, TrueCar or any of its Representatives receives a bona fide Acquisition Proposal that is not a result of a breach of the provisions of the Merger Agreement that govern the solicitation of Acquisition Proposals, then TrueCar and its Representatives may enter into an Acceptable Confidentiality Agreement and make inquiries for the purpose of clarifying such Acquisition Proposal as is reasonably necessary to determine if such Acquisition Proposal constitutes or could reasonably be expected to lead to a Superior Proposal