Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 250

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 250
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 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 Chief Executive Officer Zoomcar and a Consultant in the December Offering

Hiroshi Nishijima, the Chief
Executive Officer of the Company and Uri Levine, a consultant to the Company and a former 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.

Each of Mr. Nishijima and
Mr. Levine is a Selling Holder named in this prospectus and the shares of Common Stock issued and issuable in connection with the securities
issued in the December Offering are being registered for resale in the registration statement of which this prospectus forms a part.

Policies for Approval of Related Person Transactions

Zoomcar has adopted a written
related person transaction policy that sets forth the following policies and procedures for the review and approval or ratification of
related person transactions.

A “Related Person Transaction”
is a transaction, arrangement or relationship in which Zoomcar or any of its subsidiaries was, is or will be a participant, the amount
of which involved exceeds $120,000, and in which any related person had, has or will have a direct or indirect material interest.

A “Related Person”
means:

| ● | any person who is, or at any time                                                              
 during the applicable period was, one of the Zoomcar’s officers or one of Zoomcar’s directors; |

| ● | any person who is known by Zoomcar                                             
 to be the beneficial owner of more than five percent (5%) of its voting stock; |

| ● | any immediate family member of                                                                                                                      
 any of the foregoing persons, which means any child, stepchild, parent, stepparent, spouse, sibling, mother-in-law, father-in-law, daughter-in-law, 
 brother-in-law or sister-in-law of a director, officer or a beneficial owner of more than five percent (5%) of its voting stock