Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 34

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 34
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31, 2025 (collectively, the “Plan Share Limit”). The Shares subject                      
 to the Plan may be authorized, but unissued, or reacquired Shares.”                                                                 |

Please
note that the number of shares set forth in (A) above reflects the number of shares currently
reserved for issuance of awards under the 2023 Plan, after giving effect to a 1-for-100 reverse
stock split of the shares of Common Stock, effective in October 2024, and also includes (i)
18,863 additional shares of Common Stock, on a post-reverse stock split basis, that were
added to the number of shares of Common Stock reserved under the 2023 Plan, as of January
1, 2024 and (ii) 203,150 additional shares of Common Stock, on a post-reverse stock split
basis, that were added to the number of shares of Common Stock reserved under the 2023 Plan,
as of January 1, 2025, both pursuant to the provisions of the 2023 Plan.

Vote Required

The approval of this proposal
requires the affirmative vote of the majority of shares cast on the proposal. Abstentions and broker non-votes will have no effect on
the outcome of this proposal.

Recommendation of the Board

THE BOARD UNANIMOUSLY RECOMMENDS THAT THE STOCKHOLDERS VOTE “FOR” THE 2023 PLAN AMENDMENT PROPOSAL.

<div align='center'>16

PROPOSAL 4

THE CONSULTANT SHARES PROPOSAL</div>

Introduction

The Company is a party to
a consulting agreement, dated as of October 21, 2024 (the “Consulting Agreement”), with Uri Levine, a former officer
and director of the Company (the “Consultant”). Pursuant to the Consulting Agreement, the Consultant provides services
to the Company as a financial consultant and advisor. The Consulting Agreement commenced on October 21, 2024 and continues until terminated
by either the Company on 90 days’ prior written notice, or the Consultant.

As compensation for the Consultant’s services, the Company pays
the Consultant a fee of $29,166 per month. In addition, the Company has agreed to pay the Consultant a “Joining Bonus,” on
or before January 3, 2025, in the amount of $500,000, $250,000 of which is payable, in cash, and the remaining $250,000 of