Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 272

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 272
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 the Charter or the Bylaws,
or (iv) any action asserting a claim against the Company governed by the internal affairs doctrine. The aforementioned provision will
not apply to claims or causes of action brought to enforce a duty or liability created by the Securities Act, the Exchange Act or any
ancillary claims related thereto which are subject to the ancillary jurisdiction of the federal courts, as the United States District
Court for the District of Delaware shall be the sole and exclusive forum for resolving any complaint with a cause of action under such
laws. However, as Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought
to enforce any duty or liability created by the Securities Act, and an investor cannot waive compliance with the federal securities laws
and the rules and regulations thereunder, there is uncertainty as to whether a court would enforce such a provision.

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While the Delaware courts
have determined that such choice of forum provisions are facially valid, a stockholder may nevertheless seek to bring a claim in a venue
other than those designated in the exclusive forum provisions. In such instance, Zoomcar would expect to vigorously assert the validity
and enforceability of the exclusive forum provisions of the Charter. This may require significant additional costs associated with resolving
such action in other jurisdictions and there can be no assurance that the provisions will be enforced by a court in those other jurisdictions.

These exclusive forum provisions
may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with Zoomcar or its
directors, officers, or other employees, which may discourage lawsuits against Zoomcar or its directors, officers and other employees.
If a court were to find either exclusive-forum provision in the Charter to be inapplicable or unenforceable in an action, Zoomcar may
incur further significant additional costs associated with resolving the dispute in other jurisdictions, all of which could seriously
harm Zoomcar’s business.

Section 203 of the Delaware General Corporation Law. Zoomcar is subject to Section 203 of the DGCL, which prohibits a Delaware corporation from engaging
in any business combination with any interested stockholder for a period of three years after the date that such stockholder became an
interested stockholder, with the following exceptions:

| ● | before such date, the board of                                                                                                        
 directors of the corporation approved either the business combination or the transaction that resulted in the stockholder becoming an 
 interested stockholder;