Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 228

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 228
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 permitted by Delaware law and subject to very limited exceptions, Zoomcar will advance all expenses incurred by its directors and officers in connection with a legal proceeding involving his or her status as a director or officer of 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 our Chairman in the December Offering Hiroshi Nishijima, the Chief Executive Officer of the Company and Uri Levine, our 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. 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, and                
 any person (other than a tenant or employee) sharing the household of such director, officer or beneficial owner of more than five percent          
 (5%) of its voting stock; and                                                                                                                       |