Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1946

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 6
Chunk 1946
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 price must be paid in full either in cash, check or, with approval of the plan administrator, by delivery (or attestation
to the ownership) of shares of Common Stock that are beneficially owned by the optionee free of restrictions or were purchased in the
open market. Subject to applicable law and approval of the plan administrator, the exercise price may also be made by means of a broker-assisted
cashless exercise. In addition, the plan administrator may permit nonqualified options to be exercised using a “net exercise”
arrangement that reduces the number of shares issued to the optionee by the largest whole number of shares with fair market value that
does not exceed the aggregate exercise price.

Stock Appreciation Rights.
The plan administrator may award stock appreciation rights subject to such conditions and restrictions as it may determine. Stock appreciation
rights entitle the recipient to shares of Common Stock, or cash, equal to the value of the appreciation in Zoomcar’s stock price
over the exercise price, as set by the plan administrator. The term of each stock appreciation right will be fixed by the plan administrator
and may not exceed ten years from the date of grant. The plan administrator will determine at what time or times each stock appreciation
right may be exercised, including the ability to accelerate the vesting of such stock appreciation rights.

100

Restricted Stock. A restricted
stock award is an award of shares of Common Stock that vests in accordance with the terms and conditions established by the plan administrator.
The plan administrator will determine the persons to whom grants of restricted stock awards are made, the number of restricted shares
to be awarded, the price (if any) to be paid for the restricted shares, the time or times within which awards of restricted stock may
be subject to forfeiture, the vesting schedule and rights to acceleration thereof, and all other terms and conditions of restricted stock
awards. Unless otherwise provided in the applicable award agreement, a participant generally will have the rights and privileges of a
stockholder as to such restricted shares, including without limitation the right to vote such restricted shares and the right to receive
dividends, if applicable.

Restricted Stock Units. Restricted
stock units are the right to receive shares of Common Stock at a future date in accordance with the terms of such grant upon the attainment
of certain conditions specified by the plan administrator. Restrictions or conditions could include, but are not limited to, the attainment
of performance goals, continuous service with Zoomcar or its subsidiaries, the passage of time or other restrictions or