Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2766

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 9C
Chunk 2766
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. Tiwari a service fee of $14,874 per month, (ii) grant Mr. Tiwari 1,000,000
(one million) RSUs (“initial Grant”) of which 250,000 RSU shall vest at the end of each quarter beginning from the Effective
Date of the Consultant Agreement (iii) grant another 1,000,000 (one million) RSUs (“Kicker Grant”), if Mr. Tiwari and the
Board mutually agree to extend his term for an additional one (1) year beyond the initial term for which the vesting schedule and set
of performance objectives and key performance indicators (KPIs) for this grant is to be decided mutually by him and the Board.

The Consultant Agreement
specifies certain compensation following termination, including severance payments of three months of Mr. Tiwari’s last drawn salary
if Mr. Tiwari is terminated by the Company without “Cause” (as defined in the consultant agreement) payable either in lumpsum
or in instalments as decided by the Board in accordance with the Company’s normal policies and practices. The Consultant Agreement
further provides that such severance compensation shall be subject to reduction or offset by any fees, compensation, or income earned
or received by Mr. Tiwari for services rendered to any other party during the severance period.

Employment Agreement with Sachin Gupta

Effective April 12, 2024,
the Board of Directors of the Company appointed Sachin Gupta, the Company’s Financial Controller, as Acting Chief Financial Officer
and then as Chief Financial Officer on January 17, 2025. The annual base salary, annual variable pay opportunity, and supplemental bonus
are as provided for Mr. Sachin Gupta, as contracted, in March 06, 2025 employment agreement.

The employment agreement
specifies certain compensation following termination of employment, including severance payments of 45 days of Mr. Gupta’s last
drawn salary if Mr. Gupta’s employment is terminated by the Company without “Cause” (as defined in the employment agreement).
Mr. Gupta was also granted and issued 616 RSUs under the 2023 Equity Incentive Plan of the Company as per the terms of the restricted
stock unit award agreement dated February 12, 2025.

97

Amended and Restated Agreement with Hiroshi
Nishijima

The annual base salary, annual
variable pay opportunity, and supplemental bonus remains the same for Mr. Nish