Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 266

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 266
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 the exercise price of the Series A Warrants and resulting increase in the common shares underlying
the Series A Warrants will be subject to a floor price. The floor price will be equal to 20% of the most recent Nasdaq Official Closing
Price of the common shares preceding execution of the Underwriting Agreement.

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The Series A Warrants will
be issued separately from the common shares or the Pre-Funded Warrants, as applicable, and may be transferred separately immediately thereafter.
The Series A Warrants will be issued in electronic form.

Exercisability

The Series A Warrants will
be exercisable, at the option of each holder, in whole or in part, by delivering to us a duly executed exercise notice accompanied by
payment in full for the number of common shares purchased upon such exercise. A holder (together with its affiliates) may not exercise
any portion of such holder’s Series A Warrants to the extent that the holder would own more than 4.99% of the outstanding common
shares (or at the election of a holder prior to the date of issuance, 9.99%) immediately after exercise, except that upon at least 61
days’ prior notice from the holder to us, the holder may increase the amount of ownership of outstanding shares after exercising
the holder’s Series A Warrants up to 9.99% of the number of our common shares outstanding immediately after giving effect to the
exercise, as such percentage ownership is determined in accordance with the terms of the Series A Warrants.

Cashless Exercise

If, at the time of exercise,
there is no effective registration statement registering, or the prospectus contained therein is not available for, the issuance of the
underlying shares to the holder, in lieu of making the cash payment otherwise contemplated to be made to us upon such exercise in payment
of the aggregate exercise price, the holder may elect instead to receive upon such exercise (either in whole or in part) the net number
of common shares determined according to a formula set forth in the Series A Warrant.

Alternate Cashless Exercise

Under the alternate cashless
exercise option of the Series A Warrants, during the period of 90 calendar days following the issue date of the Series A Warrants, a holder
of the Series A Warrant has the right to receive, without payment of any additional cash to the Company, an aggregate number of shares
equal to the product of (x) the aggregate number of common