Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 545

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 545
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 arrangement whereby a certain number of shares issued pursuant to any award are immediately sold and proceeds from such
sale are remitted to Zoomcar or its subsidiaries in an amount that would satisfy the withholding amount due.

101

Equitable Adjustments

In the event of a merger,
consolidation, recapitalization, stock split, reverse stock split, reorganization, split-up, spin-off, combination, repurchase or other
change in corporate structure affecting shares of Common Stock, the maximum number and kind of shares reserved for issuance or with respect
to which awards may be granted under the Incentive Plan will be adjusted to reflect such event, and the plan administrator will make such
adjustments as it deems appropriate and equitable in the number, kind, and exercise price of shares of Common Stock covered by outstanding
awards made under the Incentive Plan.

Change in Control

In the event of any proposed
change in control (as defined in the Incentive Plan), the plan administrator will take any action as it deems appropriate, which action
may include, without limitation, the following: (i) the continuation of any award, if Zoomcar is the surviving corporation; (ii) the assumption
of any award by the surviving corporation or its parent or subsidiary; (iii) the substitution by the surviving corporation or its parent
or subsidiary of equivalent awards; (iv) accelerated vesting of the award, with all performance objectives and other vesting criteria
deemed achieved at targeted levels, and a limited period during which to exercise the award prior to closing of the change in control,
or (v) settlement of any award for the change in control price (less, to the extent applicable, the per share exercise price). Unless
determined otherwise by the plan administrator, in the event that the successor corporation refuses to assume or substitute for the award,
a participant shall fully vest in and have the right to exercise the award as to all of the shares of Common Stock, including those as
to which it would not otherwise be vested or exercisable, all applicable restrictions will lapse, and all performance objectives and other
vesting criteria will be deemed achieved at targeted levels.

Transferability of Awards

Unless determined otherwise
by the plan administrator, an award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner, except
to a participant’s estate or legal representative, and may be exercised, during the lifetime of the participant, only by the participant.
If the plan