Company: ZCARW
Filing Date: 2025-01-21
Form Type: DEF 14A
Source: 0001213900-25-005022
Chunk: 60

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-21
Form: DEF 14A
Chunk 60
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 of Zoomcar, and the OCDs were convertible into
equity securities of Zoomcar India, which, in turn, would be exchangeable for equity securities of Zoomcar subject to the approval of
the RBI. The Convertible Promissory Notes and the OCDs bore interest at the rate of 18% 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