Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 269

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 269
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 Pre-Funded Warrants up to 9.99% of the number of common shares outstanding
immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Pre-Funded
Warrants provided that any increase in the beneficial ownership limitation shall not be effective until 61 days following notice to us.

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Cashless Exercise

At the time a holder exercises
its Pre-Funded Warrants, 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 Pre-Funded Warrant.

Transferability

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

Fractional Shares

No fractional common shares
will be issued upon the exercise of the Pre-Funded Warrants. Rather, the number of common shares to be issued will be rounded up to the
nearest whole number.

Trading Market

There is no established public
trading market for the Pre-Funded Warrants, and we do not expect a market to develop. In addition, we do not intend to apply to list the
Pre-Funded Warrants on any national securities exchange or other nationally recognized trading system. Without an active trading market,
the liquidity of the Pre-Funded Warrants will be limited.

Right as a Shareholder

Except as otherwise provided
in the Pre-Funded Warrants or by virtue of such holder’s ownership of common shares, the holders of the Pre-Funded Warrants do not
have the rights or privileges of holders of our common shares with respect to the common shares underlying the Pre-Funded Warrants, including
any voting rights, until they exercise their Pre-Funded Warrants. The Pre-Funded Warrants will provide that holders have the right to
participate in distributions or dividends paid on our common stock.

Fundamental Transaction

In the event of a fundamental
transaction, as described in the Pre-Funded 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