Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 211

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 211
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 |             | 101,000 |     |        | 45,890 |     |       | 146,890 |
| Swatick Majumdar         |     |             |  81,000 |     |        | 45,890 |     |       | 126,890 |
| John Clarke (4)          |     |             |  63,750 |     |        | 45,890 |     |       | 109,640 |
| Mark Bailey (5)          |     |             |  40,500 |     |        |      - |     |       |  40,500 |

| (1) | Mr. Levine was a director of Zoomcar, Inc., the Company’s predecessor,                                    
 until his resignation in July 2023. He was appointed again, as Chairman and a director on March 31, 2025. |

| (2) | Mr. Gullans resigned from the Board effective June 18, 2024. |

| (3) | Mr. Menon was a director of Zoomcar, Inc. until his resignation effective 
 April 17, 2025.                                                           |
| (4) | Mr. Clarke began serving on the Board effective June 20, 2024.            |
| (5) | Mr. Bailey began serving on the Board on June 20, 2024 and resigned       
 as of December 6, 2024.                                                   |

134 Director Compensation Policy The Board approved a non-employee director compensation policy that became effective as of the Closing of the Business Combination. Under this policy, Zoomcar will pay non-employee directors a cash retainer for service on the Board and for service on each committee of which the director is a member. The chair of each committee will receive higher retainers for such service. These fees are expected to be payable in arrears in four equal quarterly instalments on the last day of each calendar quarter, provided that the amount of such payment will be prorated for any portion of such quarter that the director is not serving on the Board and no fee will be payable in respect of any period prior to the completion of the Business Combination. In addition, under the new director compensation policy, following the effective date of a Registration Statement on Form S-8, each non-employee director will receive an initial equity award under the Incentive Plan in the form of RSUs with a value of $300,000 or, in the case of