Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1564

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 4
Chunk 1564
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105,154 
  
    Evelyn D’An 
     101,000  
     5,154  
     106,154 
  
    Swatick Majumdar 
     81,000  
     5,154  
     86,154 
  
    John Clarke (4) 
     63,750  
     5,154  
     68,904 
  
    Mark Bailey (5) 
     40,500  
     -  
     40,500 

(1)Mr. Levine was a director of Zoomcar, Inc., the Company’s
predecessor, until his resignation in July 2023. He was appointed again, as Chairman and a director on March 31, 2025.

(2)Mr. Gullans resigned from the Board effective June 18, 2024.

(3)Mr. Menon was a director of Zoomcar, Inc. until his resignation
effective April 17, 2025.

(4)Mr. Clarke began serving on the Board effective June 20, 2024.

(5)Mr. Bailey began serving on the Board on June 20, 2024 and resigned
as of December 6, 2024.

(6)If any vesting date occurs during a blackout period on the trading
of the Shares, the RSUs that were scheduled to vest on such date shall not vest until the first business day following the end of such
blackout period, subject to the Participant’s continued engagement as a Service Provider through such date

(7)The amounts represent the Black Scholes fair value of $2.92 per RSU.

Director Compensation Policy

The Board approved a non-employee
director compensation policy that became effective as of the Closing of the Business Combination. Under this policy, Zoomcar will pay
non-employee directors a cash retainer for service on the Board and for service on each committee of which the director is a member. The
chair of each committee will receive higher retainers for such service. These fees are expected to be payable in arrears in four equal
quarterly instalments on the last day of each calendar quarter, provided that the amount of such payment will be prorated for any portion
of such quarter that the director is not serving on the Board and no fee will be payable in respect of any period prior to the completion
of the Business Combination.

In addition,