Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 58

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 58
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 per annum. In December 2020, the outstanding principal
and accrued interest under the Convertible Promissory Notes and the OCDs were converted to 16,732,152 Series D Shares and 149,986 Series
P2 Shares, respectively, in connection with the financing described above under “-Series D Financing.” The following
table summarizes purchases of these securities by related persons:

| Purchaser                            |     | Purchase 
 Date     |     | Purchase 
 Amount   |           |
|:-------------------------------------|:----|:---------|:----|:---------|----------:|
| Ford Next LLC                        |     | 6/26/19  |     | $        | 1,680,022 |
| Ford Next LLC                        |     | 8/29/19  |     | $        | 1,000,000 |
| Sequoia Capital India Investments IV |     | 8/30/19  |     | $        | 1,000,000 |
| Entities affiliated with OurCrowd    |     | 10/17/19 |     | $        | 2,327,398 |
| Mahindra & Mahindra Ltd.             |     | 6/19/19  |     | $        | 1,680,022 |
| Mahindra & Mahindra Ltd.             |     | 8/29/19  |     | $        | 1,000,000 |

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Investors’ Rights Agreement

On August 17, 2021, Zoomcar
entered into a Seventh Amended and Restated Investor’s Rights Agreement with the holders of its Preferred Stock, including CEO Gregory
Moran, director Graham Gullans, entities affiliated with Mr. Gullans, Ford, Sequoia and OurCrowd, and with and the holders of Series P1
Preferred Stock and Series P2 Preferred Stock of Zoomcar India (“Zoomcar India Shares”), including Mahindra. The agreement
provides these holders with registration rights and certain of these holders with information rights and preemptive rights with regard
to certain issuances of Zoomcar capital stock, none of which rights applied to the Business Combination. All of the rights set forth in
this agreement terminated upon the Closing, except that certain of the registration rights remain in effect following the Closing with
respect to securities not covered by this registration statement.

Right of First Refusal and Co-S