Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 212

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 212
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| Retainers for Committee Members                           |     |          |         |
| ● Audit                                                   |     | $        |  10,000 |
| ● Compensation                                            |     | $        |   6,000 |
| ● Nominating and Corporate Governance                     |     | $        |   4,000 |
| Additional Retainers for Committee Chairs                 |     |          |         |
| ● Audit                                                   |     | $        |  10,000 |
| ● Compensation                                            |     | $        |   6,000 |
| ● Nominating and Corporate Governance                     |     | $        |   4,000 |
| Initial Equity Award                                      |     | $        | 300,000 |
| Additional Initial Equity Award for Chairman of the Board |     | $        | 100,000 |
| Annual Equity Award                                       |     | $        | 100,000 |

Zoomcar will also reimburse non-employee directors for reasonable travel and other expenses incurred in connection with attending meetings of the Board and any committee of the Board on which they serve. 133 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS Note:All share information relating to the Company’s shares of Common Stock does not reflect the Reverse Splits. IOAC Founder Shares On April 17, 2021, the Sponsor paid $25,000 to cover certain offering costs in consideration for 7,187,500 Class B ordinary shares, par value $0.0001. On September 20, 2021, IOAC effected a 1.12 share dividend for each Class B ordinary share outstanding, resulting in 8,050,000 founder shares being held by the Sponsor, up to 1,050,000 shares of which were subject to forfeiture depending on the extent to which the underwriter’s over-allotment option was exercised. The underwriter fully exercised its over-allotment option on October 29, 2021, so no founder shares were forfeited. The Sponsor, IOAC’s officers and directors agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issuable upon conversion thereof until the earlier to occur of: (A) one year after the completion of the initial business combination or (B) the date on which IOAC completes a liquidation, merger, share exchange, reorganization or other similar transaction after the initial business combination that results in all of the public shareholders having the right to exchange their ordinary shares for cash