Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 284

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 284
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 the placement
agent. After all of such deductions we retained net proceeds of $3.621 million.

Offer Restrictions Outside the United States

Other than in the United States, no action has been taken by us or
the underwriter that would permit a public offering of the securities offered by this prospectus in any jurisdiction where action for
that purpose is required. The securities offered by this prospectus may not be offered or sold, directly or indirectly, nor may this prospectus
or any other offering material or advertisements in connection with the offer and sale of any such securities be distributed or published
in any jurisdiction, except under circumstances that will result in compliance with the applicable rules and regulations of that jurisdiction.
Persons who come into possession of this prospectus are advised to inform themselves about and to observe any restrictions relating to
the offering and the distribution of this prospectus. This prospectus does not constitute an offer to sell or a solicitation of an offer
to buy any securities offered by this prospectus in any jurisdiction in which such an offer or a solicitation is unlawful.

Transfer Agent and Registrar

The transfer agent and registrar for our Common
Stock is Equiniti Trust Company, LLC.

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Material U.S. Federal Income Tax considerations</div>

The following discussion
provides information based on present law of the material U.S. federal income tax considerations that may be relevant to U.S. holders
(defined below) who hold and dispose of our common shares, Pre-Funded Warrants and/or Series A Warrants, acquired following registration
pursuant to this prospectus. This discussion is based upon the Code, existing final, temporary and proposed Treasury Regulations promulgated
thereunder (“Treasury Regulations”), judicial decisions and published rulings and administrative pronouncements of the Internal
Revenue Service (“IRS”), all as currently in effect, and all of which are subject to change or differing interpretations,
possibly with retroactive effect, and any such change or differing interpretation could affect the accuracy of the statements and conclusions
set forth herein. This discussion does not discuss the potential effects, whether adverse or beneficial, of any proposed legislation that,
if enacted, could be applied on a retroactive or prospective basis.

This discussion is for general
information purposes only and does not purport to be a complete description of all tax considerations that may be relevant to U.S. holders.
It applies only to U.S. holders that will hold the common shares, Pre-Funded Warrants and/or Series A Warrants as capital