Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 51

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 51
---
 with respect to the registration of any Class A Ordinary Shares or securities convertible into (for the avoidance of doubt, including Class B ordinary shares of the Company) or exercisable or exchangeable for Class A Ordinary Shares or any other securities of the Company or (4) publicly disclose the intention to do any of the foregoing for a period commencing on the date hereof and ending on the 60th day after the date of this prospectus, except without the prior written consent of BTIG, LLC.

<div align='center'>S-22</div>

These restrictions applicable to the Company do not apply, subject to certain limitations, to (a) Class A Ordinary Shares or securities convertible into or exercisable or exchangeable for Class A Ordinary Shares issued pursuant to existing employee benefit plans, qualified share option plans or other employee compensation plans or pursuant to currently outstanding options, warrants or rights not issued under one of those plans, (b) grants of options or other awards pursuant to existing option plans, (c) confidential submissions of registration statements or the filing of registration statements on Form S-8, (d) the issuance of securities in connection with the acquisition by the Company or any subsidiary of the securities, businesses, property or other assets of another person or entity or pursuant to any employee benefit plan assumed by the Company or any subsidiary in connection with any such acquisition, and (e) the issuance of securities in connection with joint ventures or acquisitions and other strategic transactions; provided that in the case of each of preceding clauses (d) and (e), the aggregate number of Class A Ordinary Shares issued in all such acquisitions and transactions does not exceed 5.0% of the Company’s outstanding Class A Ordinary Shares following this offering and each recipient of such shares executes a lock-up agreement.

These restrictions applicable to our officers and directors do not apply, subject to certain limitations, to (a) Class A Ordinary Shares acquired from the underwriters in the offering or transactions relating to Class A Ordinary Shares or other securities acquired in the open market after the completion of the offering, (b) transfers of Class A Ordinary Shares or any security convertible into Class A Ordinary Shares as a bona fide gift or gifts or for bona fide estate planning purposes, (c) sales or other dispositions of shares of any class of the Company’s capital stock, including the Class A Ordinary Shares or any security convertible into Class A Ordinary Shares, in each case that are made exclusively between and among the Lock-up Parties and such Lock-up Parties’ family, affiliates, stockholders,