Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1769

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1769
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the Company entered into indemnification agreements (“Indemnification Agreements”) with each of the Company’s
newly elected directors and newly appointed executive officers which provide that the Company will indemnify such directors and executive
officers under the circumstances and to the extent provided for therein, from and against all losses, claims, damages, liabilities, joint
or several, expenses (including legal fees and expenses), judgments, fines, penalties, interest, settlements or other amounts arising
from any and all threatened, pending or completed claim, demand, action, suit or proceeding, whether civil, criminal, administrative or
investigative, and whether formal or informal, and including appeals, in which he or she may be involved, or is threatened to be involved,
as a party or otherwise, to the fullest extent permitted under Delaware law and our Bylaws.

The Charter contains provisions
limiting the liability of directors, and the Bylaws provide that Zoomcar will indemnify each of its directors and officers to the fullest
extent permitted under Delaware law. In addition, the Bylaws provide that, to the fullest extent permitted by Delaware law and subject
to very limited exceptions, Zoomcar will advance all expenses incurred by its directors and officers in connection with a legal proceeding
involving his or her status as a director or officer of Zoomcar. See the section titled “Description of Securities - Limitation
on Liability and Indemnification of Directors and Officers” for information on the indemnification provisions of the Charter
and Bylaws.

Participation of a former Director of Zoomcar
in the November Offering

Mark Bailey, who was a director
of the Company until December 6, 2024, was one of the investors in the November Offering, and invested $2.5 million of the aggregate investment
amount of $9.15 million in the November Offering.

Participation of the former Chief Executive
Officer Zoomcar and our Chairman in the December Offering. and payments made to the Chairman.

Hiroshi Nishijima, the former
Chief Executive Officer of the Company (while holding the office of Acting Chief Executive Officer) and Uri Levine, our Chairman, each
invested in the December Offering. Of the aggregate investment amount of $5.485 million, Mr. Nishijima invested $50,000 and Mr. Levine
invested $300,000.

Payments to the Chairman
as an erstwhile consultant

Uri Levine was also engaged
with Zoomcar since October 21