Company: ZCARW
Filing Date: 2025-01-10
Form Type: PRER14A
Source: 0001213900-25-002658
Chunk: 26

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-10
Form: PRER14A
Chunk 26
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 such successor entity had been named in the Reg D 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 Reg D Investors Bridge Warrants following such fundamental transaction. Notwithstanding
anything to the contrary, with respect to the Reg D 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.

A holder does not have the
right to exercise any portion of the Reg D 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.

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Pursuant to a registration
rights agreement between the Company and the purchasers (the “Reg D 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 Reg D Investors Bridge Warrants not later than January 14, 2025, which is twenty (20) business days after the Institutional Investors
Resale Registration Effective Date. The Company is required to ensure that the initial registration statement is effective within twenty
(20) calendar days of the filing date (up to forty-five (30) calendar days if the SEC