Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 398

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 398
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 claimed. With respect to the offering closed in November 2024, there is a claim for a cash fee of $77,000 and
warrants to purchase an aggregate of 17,900 shares of common stock at an exercise price of $107 per share, for the same investor.”
With respect to the offering closed in December 2024, there is a claim for a cash fee of 7% of the aggregate gross proceeds received
from the same investor and 7% warrant coverage, with respect to that investor, but no specific amount is claimed. A similar claim was
also made to the extent that such investor participated in the offering closed in February 2025.

The Company has taken necessary financial provisions of $185,077 as
recorded in the “Other expense/(income), net” in the Consolidated Financial Statements for the year ending on March 31, 2025.

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Other Matters 

Zoomcar utilizes a set of
Terms and Conditions (“T&Cs”) tailored specifically for each of the jurisdictions in which we operate which includes
privacy policy, platform use policy, terms and conditions for Host and Guest. These T&Cs are in the form of a clickwrap agreement
which lays down the duties, risks, and the liabilities of Zoomcar, Hosts and the Guests in relation to use of services rendered by Zoomcar
through its Platform. These T&Cs inter alia cover the eligibility criteria for listing/leasing of vehicles, facilitation of
booking, cancellation and incident reporting via the platform, processing of payments/refunds etc. and they further lay out the risks,
rights and obligations of the Hosts and the Guests with respect to handling of the vehicles, responsibility for damage, accident, traffic
violations and/or for any incidents in violation of applicable law.

In addition to the T&Cs,
due to regulatory requirements in India, an additional lease agreement is executed between the Host and the Guest which encompasses the
allocation of risks and responsibilities of the Hosts and Guests with respect to listing and use of the relevant vehicle. The execution
of such lease agreement is facilitated through the Zoomcar Platform in the form of a clickwrap agreement.

Given that Zoomcar operates
as a peer-to-peer carsharing marketplace which facilitates sharing of vehicles between the Hosts and Guests through its platform, the
responsibility and liability of Zoomcar under the T&Cs is limited to being a facilitator of such transaction and the obligations
for liabilities arising out of listing and/or use of the