Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 279

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 279
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 such right of first refusal shall not have a duration of more than three years from
the commencement of sales of this offering.

Lock-Up Agreements

Each of our officers and
directors, and holders of at least 10% of our Common Stock and securities exercisable for or convertible into its Common Stock outstanding
immediately upon the closing of this offering, have agreed, subject to certain exceptions, not to offer, issue, sell, contract to sell,
encumber for the sale of or otherwise dispose of any of our common shares or other securities convertible into or exercisable or exchangeable
for our common shares for 90 days after this offering is completed without the prior written consent of the underwriter.

The underwriter may in its
sole discretion and at any time without notice release some or all of the shares subject to lock-up agreements prior to the expiration
of the lock-up period. When determining whether or not to release shares from the lock-up agreements, the underwriter will consider, among
other factors, the security holder’s reasons for requesting the release, the number of shares for which the release is being requested
and market conditions at the time.

Company Standstill

We have agreed, for a period
of ninety (90) days after the closing date of the offering (the “Standstill Period”), that without the prior written consent
of Aegis, we will not (a) offer, sell, issue, or otherwise transfer or dispose of, directly or indirectly, any equity of our Company or
any securities convertible into or exercisable or exchangeable for equity of our Company; (b) file or caused to be filed any registration
statement with the Commission relating to the offering of any equity of our Company or any securities convertible into or exercisable
or exchangeable for equity of our Company; or (c) enter into any agreement or announce the intention to effect any of the actions described
in subsections (a) or (b) hereof (all of such matters, the “Standstill Restrictions”). So long as none of such equity securities
shall be saleable in the public market until the expiration of the Standstill Period, the following matters shall not be prohibited by
the Standstill Restrictions: (i) the adoption of an equity incentive plan and the grant of awards or equity pursuant to any equity incentive
plan, and the filing of a registration statement on Form S-8; and (ii) securities issued pursuant to acquisitions or strategic transactions
approved by a majority of the disinterested directors