Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2302

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 7A
Chunk 2302
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, and all other terms and conditions of restricted stock
awards. Unless otherwise provided in the applicable award agreement, a participant generally will have the rights and privileges of a
stockholder as to such restricted shares, including without limitation the right to vote such restricted shares and the right to receive
dividends, if applicable.

Restricted Stock Units. Restricted
stock units are the right to receive shares of Common Stock at a future date in accordance with the terms of such grant upon the attainment
of certain conditions specified by the plan administrator. Restrictions or conditions could include, but are not limited to, the attainment
of performance goals, continuous service with Zoomcar or its subsidiaries, the passage of time or other restrictions or conditions. The
plan administrator determines the persons to whom grants of restricted stock units are made, the number of restricted stock units to be
awarded, the time or times within which awards of restricted stock units may be subject to forfeiture, the vesting schedule, and rights
to acceleration thereof, and all other terms and conditions of the restricted stock unit awards. The value of the restricted stock units
may be paid in shares of Common Stock, cash, other securities, other property, or a combination of the foregoing, as determined by the
plan administrator.

The holders of restricted
stock units will have no voting rights. Prior to settlement or forfeiture, restricted stock units awarded under the Incentive Plan may,
at the plan administrator’s discretion, provide for a right to dividend equivalents. Such right entitles the holder to be credited
with an amount equal to all dividends paid on one share of Common Stock while each restricted stock unit is outstanding. Dividend equivalents
may be converted into additional restricted stock units. Settlement of dividend equivalents may be made in the form of cash, shares of
Common Stock, other securities, other property, or a combination of the foregoing. Prior to distribution, any dividend equivalents shall
be subject to the same conditions and restrictions as the restricted stock units to which they are payable.

Other Stock-Based Awards.
Other stock-based awards may be granted either alone, in addition to, or in tandem with, other awards granted under the Incentive Plan
and/or cash awards made outside of the Incentive Plan. The plan administrator shall have authority to determine the persons to whom and
the time or times at which other stock-based awards will be made, the amount of such other stock-based awards, and all other conditions,
including any dividend and/or voting rights.

Prohibition on Repricing

Except