Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 267

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 267
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 shares that would be issuable upon a cash exercise of the Series A Warrant
and (y) two and a half (2.5).

Fundamental Transactions

In the event of a fundamental
transaction, as described in the Series A Warrants and generally including any reorganization, recapitalization, or reclassification of
our common shares, the sale, transfer, or other disposition of all or substantially all of our properties or assets, our consolidation
or merger with or into another person, the acquisition of more than 50% of our outstanding common shares, or any person or group becoming
the beneficial owner of 50% of the voting power represented by our outstanding common shares, the holders of the Series A Warrants will
be entitled to receive, upon exercise of the Series A Warrants, the kind and amount of securities, cash, or other property that the holders
would have received had they exercised the Series A Warrants immediately prior to such fundamental transaction. Additionally, if the Company
is not the surviving entity, the successor entity will be required to assume the obligations of the Company under the Series A Warrants,
and, at the option of the holder, deliver a security of equivalent value exercisable for shares of the successor entity (or its parent)
in a manner that protects the economic value of the Series A Warrants immediately prior to the fundamental transaction.

Restriction on Share Combination

The Company agrees not to
effect any share split, share dividend, share combination, recapitalization, or similar transaction involving the common shares until
the passing of at least 10 trading days after the Second Reset Date.

Transferability

Subject to applicable laws,
a Series A Warrant may be transferred at the option of the holder upon surrender of the Series A Warrant to us together with the appropriate
instruments of transfer.

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Fractional Shares

No fractional common shares
will be issued upon the exercise of the Series A Warrants. Rather, the number of common shares to be issued will, at our election, either
be rounded up to the nearest whole number or we will pay a cash adjustment in respect of such final fraction in an amount equal to such
fraction multiplied by the exercise price.

Trading Market

There is no established trading
market for the Units, Pre-Funded Units, Series A Warrants or Pre-Funded Warrants, and we do not expect a market to develop. In addition,
we do not intend to apply for the listing of the Series A