Company: ZCARW
Filing Date: 2025-02-06
Form Type: 8-K
Source: 0001213900-25-010935
Chunk: 2

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-06
Form: 8-K
Item: Item 1.01
Chunk 2
---
 to a Placement Agent Agreement (the “PAA”) to act as the placement
agent (the “Placement Agent”). For acting as the placement agent, the Company agreed to pay the Placement Agent, subject
to certain exceptions: (i) a cash fee equal to 10% of the aggregate gross proceeds raised by the Placement Agent in the Offering (5% with
respect to certain Investors who are deemed “insiders,”) (ii) a non-accountable expense allowance of up to 3% of the aggregate
gross proceeds raised by the Placement Agent in the Offering (1.5% with respect to “insiders”), (iii) a five-year placement
agent warrant to purchase 351,593 shares at an initial exercise price of $1.95 per share, subject to adjustment and (iv) Series A Placement
Agent Warrants and Series B Placement Agent Warrants similar to the Series A Warrants and Series B Warrants issued to investors to purchase
10% of the number of shares Common Stock issuable to the Investors pursuant to exercise of the Series A Warrants and the Series B Warrants.
The Company also agreed to pay a warrant solicitation fee of 5% of the proceeds received from the cash exercise of any Series A Warrants.

Also under the terms of the
PAA, the Company has agreed for a period of 18 months after the First Closing, unless it obtains the consent of the Placement Agent, subject
to certain exceptions, not to sell any equity securities or securities convertible in equity securities or file any registration statements
relating thereto. The Company has also agreed, unless it obtains the consent of the Placement Agent, not to conduct any variable rate
transactions until the later of (a) 18 months after the Closing Date and (b) the three month anniversary of the Release Date. The Company
has also granted the Placement Agent a right of first refusal for a period of two years after the Closing Date, to act as sole book-runner,
sole manager, sole placement agent or sole agent with respect to any future financings. The Company has also agreed for a period of 18
months after the Closing Date to pay the Placement Agent tail fees similar to the fees provided for under the PAA, with respect to any
investors that were introduced to the Company by the Placement Agent.

Private Placement Offering

None of the securities sold
in the Offering, including those issued at the Second Closing, have been registered under the Securities Act of 1933, as amended (