Company: ZCARW
Filing Date: 2025-07-03
Form Type: 8-K/A
Source: 0001213900-25-061221
Chunk: 2

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-07-03
Form: 8-K/A
Chunk 2
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the Company of $100,000.00.

Each Note bears interest at a rate of 12% per annum and is due on March
30, 2026. The Notes include scheduled installment repayments, and may be prepaid in full by the Company at a discount to the outstanding
balance. The Notes are subject to default interest at a rate of 22% per annum and include customary events of default and covenants.

In the event of an uncured default under either Note, the holder may
elect to convert the then-outstanding obligations (including principal, accrued interest, default interest, and other fees) into shares
of the Company’s common stock at a conversion price equal to 75% of the lowest trading price of the Company’s common stock
during the fifteen (15) trading days immediately prior to the applicable conversion date, representing a 25% discount to market.

Additionally, upon the occurrence and continuation of an event of default,
the outstanding balance of each Note shall be automatically increased to 150% of the sum of the unpaid principal and accrued interest
(the “Default Amount”). If, following such a default, the Company also fails to timely deliver shares upon a conversion request
or otherwise fails to honor the conversion provisions of the Note, the applicable default multiplier may be increased to 200% of the Default
Amount. The Notes also provide for a $1,000 per day late delivery penalty for failure to timely deliver shares of common stock upon conversion.

The foregoing descriptions of the Purchase Agreements and Notes do
not purport to be complete and are qualified in their entirety by reference to the respective forms thereof, copies of which are filed
as Exhibits 10.1 and 4.1, respectively, to this Current Report on Form 8-K.

Item 3.02. Unregistered Sales of Equity Securities.

The information set forth in Item 1.01 above is incorporated herein
by reference into this Item 3.02. The Notes and any shares of common stock issued upon conversion thereof were issued and sold pursuant
to the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 and/or Rule 506 of Regulation D promulgated
thereunder, as transactions not involving a public offering.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

| Exhibit 
 Number  |     | Description                                                 |
| 4.1*    |     | Form of Bridge Note                                         |
| 10.