Company: ZCARW
Filing Date: 2025-01-21
Form Type: DEF 14A
Source: 0001213900-25-005022
Chunk: 18

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-21
Form: DEF 14A
Chunk 18
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 customary adjustments for stock dividends, stock splits, distributions and the like.
If a fundamental transaction occurs, then the successor entity will succeed to, and be substituted for the Company, and may exercise every
right and power that the Company may exercise and will assume all of the Company’s obligations under the Institutional InvestorsBridge Warrants with the same effect as if such successor entity had been named in the Institutional InvestorsBridge Warrant itself. If holders of Common Stock are given a choice as to the securities, cash or property to be received
in a fundamental transaction, then the holder shall be given the same choice as to the consideration it receives upon any exercise of
the Institutional Investors Bridge Warrants following such fundamental transaction. Notwithstanding
anything to the contrary, with respect to the Institutional Investors Series A Warrants,in
the event of a fundamental transaction, the holder will have the right to require the Company or a successor entity to repurchase its
warrants at the Black Scholes value by paying the same type or form of consideration (and in the same proportion) that is being offered
and paid to the holders of Common Stock of the Company in connection with the fundamental transaction; provided, however, that if the
fundamental transaction is not within the Company’s control, including not approved by the Board, then the holder shall only be
entitled to receive the same type or form of consideration (and in the same proportion), at the Black Scholes value of the unexercised
portion of its warrants, that is being offered and paid to the holders of the Common Stock in connection with the fundamental transaction.

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A holder does not have the
right to exercise any portion of the Institutional InvestorsBridge Warrants if the holder
(together with its affiliates) would beneficially own in excess of 4.99% of the number of shares of the Common Stock outstanding immediately
after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Institutional InvestorsBridge Warrants. However, any holder may increase or decrease such percentage to any other percentage not in excess of
9.99%, provided that any increase in such percentage shall not be effective until 61 days following notice from the holder to us.

Pursuant to a registration
rights agreement between the Company and the purchasers (the “Institutional Offering Registration Rights Agreement”),
the Company is also obligated to file a registration statement registering the resale of the shares of Common Stock underlying the Institutional InvestorsSeries A Warrants