Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 59

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 59
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ale Agreement

On August 17, 2021, Zoomcar
entered into a Seventh Amended and Restated Right of First Refusal and Co-Sale Agreement with the holders of its Preferred Stock and Zoomcar
India Shares, including persons and entities described under “- Investors’ Rights Agreement.” The agreement provides
for customary rights of first refusal and co-sale in respect of certain sales of Zoomcar capital stock, which did not apply to the Business
Combination. This agreement terminated upon Closing.

Voting Agreement

On August 17, 2021, Zoomcar
entered into an Amended and Restated Voting Agreement with the holders of its Preferred Stock and Zoomcar India Shares, including persons
and entities described under “- Investors’ Rights Agreement.” The parties to this agreement have agreed to vote
in a certain way on certain matters, including with respect to the election of Zoomcar directors. The agreement also provides for certain
drag-along rights in connection with a sale of Zoomcar. In addition, in order to afford the holders of Zoomcar India Shares voting power
comparable to what they would have if they exchanged their Zoomcar India Shares for Zoomcar Preferred Stock, under this agreement, the
holders of Zoomcar Preferred Stock have granted the holders of Zoomcar India Shares an irrevocable proxy with respect to a pro rata portion
of their Zoomcar Preferred Stock. This agreement terminated upon the Closing.

Amendment to Zoomcar’s Investors’ Rights Agreement

Prior to the Closing, Zoomcar solicited and received consents from requisite outstanding Zoomcar shares to a proposed amendment to an investor rights agreement (the “IRA”) between Zoomcar and holders of Zoomcar preferred shares (the “IRA Amendment”), which was adopted on December 28, 2023.Pursuant to the IRA Amendment, subject to certain exceptions, the securities issuable in the Business Combination to
each investor party thereto would be restricted from disposing of or hedging any of Company securities beneficially owned by them, including
shares of Company Common Stock issuable upon exercise or conversion of any convertible securities issuable to such investors in connection
with the Merger, including, without limitation, any shares of Common Stock (“Company Shares”) issuable upon the exercise of
options or warrants held by them immediately after the Effective Time, or any other securities convertible into or exercisable or exchangeable
for Company Shares held by them immediately after the Effective Time during the period from the date of the Closing and ending (i) as