Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 558

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1
Chunk 558
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 shares of common stock at an exercise price of $107 per share, for the same investor.” With respect to the
offering closed in December 2024, there is a claim for a cash fee of 7% of the aggregate gross proceeds received from the same investor
and 7% warrant coverage, with respect to that investor, but no specific amount is claimed. A similar claim was also made to the extent
that such investor participated in the offering closed in February 2025.

The Company has taken necessary
financial provisions of $202,999 as recorded in the “Other expense/(income), net” in the Unaudited Condensed Consolidated
Financial Statements for the three months ending on June 30, 2025.

Other Matters

Zoomcar utilizes a set of
Terms and Conditions (“T&Cs”) tailored specifically for each of the jurisdictions in which we operate which includes privacy
policy, platform use policy, terms and conditions for Host and Guest. These T&Cs are in the form of a clickwrap agreement which lays
down the duties, risks, and the liabilities of Zoomcar, Hosts and the Guests in relation to use of services rendered by Zoomcar through
its Platform. These T&Cs inter alia cover the eligibility criteria for listing/leasing of vehicles, facilitation of booking, cancellation
and incident reporting via the platform, processing of payments/refunds etc. and they further lay out the risks, rights and obligations
of the Hosts and the Guests with respect to handling of the vehicles, responsibility for damage, accident, traffic violations and/or for
any incidents in violation of applicable law.

In addition to the T&Cs,
due to regulatory requirements in India, an additional lease agreement is executed between the Host and the Guest which encompasses the
allocation of risks and responsibilities of the Hosts and Guests with respect to listing and use of the relevant vehicle. The execution
of such lease agreement is facilitated through the Zoomcar Platform in the form of a clickwrap agreement.

Given that Zoomcar operates
as a peer-to-peer carsharing marketplace which facilitates sharing of vehicles between the Hosts and Guests through its platform, the
responsibility and liability of Zoomcar under the T&Cs is limited to being a facilitator of such transaction and the obligations for
liabilities arising out of listing and/or use of the vehicle booked through the platform is on the Guests and the Hosts. The use of the
Zoomcar platform and sharing of vehicle through the platform is undertaken by the Host