Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 274

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 274
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” of these provisions with an express provision in its certificate of incorporation. Zoomcar will not opt out of these
provisions, which may as a result, discourage or prevent mergers or other takeover or change of control attempts of it.

Action by Written Consent.
The Charter and Bylaws provide that, subject to the rights of any series of Zoomcar’s preferred stock, no action will be taken by
any holders of shares of Common Stock, except at an annual or Extraordinary General Meeting of stockholders called in accordance with
the Bylaws, and no action will be taken by the stockholders by written consent. Permitting stockholder action by written consent would
circumvent the usual process of allowing deliberation at a meeting of stockholders, could be contrary to principles of openness and good
governance, and have the potential to inappropriately disenfranchise stockholders, potentially permitting a small group of short-term,
special interest or self-interested stockholders, who together hold a threshold amount of shares, to take important actions without the
involvement of, and with little or no advance notice to stockholders. Allowing stockholder action by written consent would also deny all
stockholders the right to receive accurate and complete information on a proposal in advance and to present their opinions and consider
presentation of the opinions of the Board and other stockholders on a proposal before voting on a proposed action. The Board believes
that a meeting of stockholders, which provides all stockholders an opportunity to deliberate about a proposed action and vote their shares,
is the most appropriate forum for stockholder action. Notwithstanding the foregoing, elimination of such stockholder written consents
may lengthen the amount of time required to take stockholder actions since actions by written consent are generally not subject to the
minimum notice requirement of a stockholders’ meeting.

Limitations on Liability and Indemnification of Officers and Directors

The Charter contains provisions
that limit the liability of Zoomcar’s current and former directors for monetary damages to the fullest extent permitted by Delaware
law. Delaware law provides that directors of a corporation will not be personally liable for monetary damages for any breach of fiduciary
duties as directors, except liability for:

| ● | any breach of his duty of loyalty 
 to us or our stockholders;        |

| ● | acts or omissions not in good faith, or which involve intentional misconduct or a knowing violation of law; |

| ● | unlawful payments of dividends or unlawful stock repurchases or red