Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 1063

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 1063
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 (the “DLL Note”)
to 1800 Diagonal Lending LLC, (“DLL”), an accredited investor, for cash proceeds of $132,500 after accounting for an original
issue discount of $ $17,225. The Boot Note is convertible into shares of the Company’s common stock upon default under the terms
of the note and is subject to customary covenants and events of default and is convertible at a variable per share price equivalent to
75% of Market Price based on the lowest Trading Price for the common stock during the ten (10) trading day period ending on the latest
complete Trading Day prior to the Conversion Date. The issuance was made in reliance on Section 4(a)(2) and/or Rule 506(b) of the Securities
Act of 1933, as amended. No underwriters or brokers were involved in the transaction. The Company intends to use the proceeds for working
capital in its day-day to operations.

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On August 19, 2025, the Company
issued $180,000 aggregate principal amount of unsecured convertible promissory note (the “ Labrys Note”) to Labrys Fund II,
L.P(“Labrys”) an accredited investor for cash proceeds of $158,500. The Labrys Note matures on August 19, 2026, bears interest
at 12% per annum and is convertible into shares of our common stock upon default in repayment of the principal amount and other specified
default triggers pertaining to bankruptcy, failure to convert shares etc. at a variable per share conversion price equivalent to 75% of
the lowest closing bid price of the common stock during fifteen (15) trading days immediately preceding date of the Conversion Notice
per share, subject to certain anti-dilution and beneficial ownership limitation terms. The issuance was made in reliance on Section 4(a)(2)
and/or Rule 506(b). No underwriters or brokers were involved. The Company intends to use the proceeds for working capital in its day-day
to operations.

On August 24, 2025, the Company
issued $75,000 aggregate principal amount of unsecured convertible promissory notes (the “AES Note”) to AES Capital Management,
LLC (“AES”) an accredited investor for cash proceeds of $71,000. The AES Note matures on August 24, 2026, bears interest at
8% per annum and is convertible into shares of our common stock upon default and other specified triggers pertaining to insolvency, delisting