Company: SDAWW
Filing Date: 2025-12-22
Form Type: 6-K
Source: 0001213900-25-124170
Chunk: 19

Company: SunCar Technology Group Inc.
Filing Date: 2025-12-22
Form: 6-K
Chunk 19
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 3.63 | % |

As of September 30, 2025, the following is a schedule
of future minimum payments under the Group’s operating leases:

| For the calendar year ended September 30, 
 Remainder of 2025                         |     | Operating Leases |  53 |   |
|:------------------------------------------|:----|:-----------------|----:|:--|
| 2026                                      |     |                  | 102 |   |
| 2027                                      |     |                  |  18 |   |
| Total lease payments                      |     |                  | 173 |   |
| Less: imputed interest                    |     |                  |  (4 | ) |
| Total                                     |     | $                | 169 |   |

| 10. | WARRANTS |

GEM Warrant

On November 4, 2022, Auto Services Group Limited
entered into a Share Purchase Agreement (the “GEM Purchase Agreement”) with GEM Global Yield LLC SCS (“GEM Investor”)
and GEM Yield Bahamas Limited (“GYBL”) relating to a share subscription facility. Pursuant to the GEM Purchase Agreement,
Auto Services Group Limited has the right to sell to GEM Investor up to $ million of its ordinary shares (the “GEM Shares”)
for a 36-month period following a public listing of the Group’s ordinary shares (the “Investment Period”). GEM Investor
would pay % of the average daily closing price during the pricing period, which is a 30-day period after SunCar turns a draw-down notice
to GEM Investor.

F-18 SUNCAR TECHNOLOGY GROUP INC NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar thousands, except share and per share data)

In addition, in connection with the execution
of the GEM Purchase Agreement and as consideration for GEM Investor’s irrevocable commitment to purchase the GEM Shares, SunCar
has agreed to make a warrant (the “GEM Warrants”) granting GYBL the right, during the Investment Period, to purchase the Group’s
ordinary shares up to the equivalent of % of the total equity interests outstanding immediately after the completion of the Group’s
public listing, calculated on a fully diluted basis. The exercise price of the GEM Warrant $ per share in the case the Group consummates
a merger transaction with GBRG, and priced customarily in the