Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 63

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 63
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shi Nishijima, the
Acting Chief Executive Officer of the Company, and Uri Levine, a consultant to the Company, were each investors in the December Offering,
and invested $50,000 and $300,000, respectively, of the aggregate investment amount of $5.48 million in the December Offering.

Policies for Approval of Related Person Transactions

Zoomcar has adopted a written
related person transaction policy that sets forth the following policies and procedures for the review and approval or ratification of
related person transactions.

A “Related Person Transaction”
is a transaction, arrangement or relationship in which Zoomcar or any of its subsidiaries was, is or will be a participant, the amount
of which involved exceeds $120,000, and in which any related person had, has or will have a direct or indirect material interest.

A “Related Person”
means:

| ● | any person who is, or at any                                                                        
 time during the applicable period was, one of the Zoomcar’s officers or one of Zoomcar’s directors; |

| ● | any person who is known by Zoomcar                                             
 to be the beneficial owner of more than five percent (5%) of its voting stock; |

| ● | any immediate family member                                                                                                                
 of any of the foregoing persons, which means any child, stepchild, parent, stepparent, spouse, sibling, mother-in-law, father-in-law,      
 daughter-in-law, brother-in-law or sister-in-law of a director, officer or a beneficial owner of more than five percent (5%) of its voting 
 stock, and any person (other than a tenant or employee) sharing the household of such director, officer or beneficial owner of more than   
 five percent (5%) of its voting stock; and                                                                                                 |

| ● | any firm, corporation or other                                                                                                            
 entity in which any of the foregoing persons is a partner or principal or in a similar position or in which such person has a ten percent 
 (10%) or greater beneficial ownership interest.                                                                                           |

Zoomcar has policies and
procedures designed to minimize potential conflicts of interest arising from any dealings it may have with its affiliates and to provide
appropriate procedures for the disclosure of any real or potential conflicts of interest that may exist from time to time. Specifically,
pursuant to its charter, the audit committee will have the responsibility to review related party transactions.

All of the transactions described
in this section were entered into prior to the adoption of this policy. Certain of the foregoing disclosures are summaries of