Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 41

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 41
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online products and services, among other things. Any failure, or perceived failure, by us to comply with any of these laws or
regulations could result in damage to our reputation and brand a loss of business and proceedings or actions against us by
governmental entities or others, which could adversely impact our results of operations.

The operators of digital storefronts on
which we publish our mobile application in many cases have the unilateral ability to change and interpret the terms of our contract with
them.

We distribute our mobile application through direct-to-consumer
digital storefronts, for which the distribution terms and conditions are often “click-through” agreements that we are not
able to negotiate with the storefront operator. For example, we are subject to each of Apple’s, Google’s and Huawei’s
standard click-through terms and conditions for application developers, which govern the promotion, distribution, and operation of applications,
including our mobile applications, on their storefronts. Apple, Google and Huawei each can unilaterally change their standard terms and
conditions with no prior notice to us. Any changes in the future that impact our revenue could materially harm our business, and we may
not receive advance warning of such changes.

In addition, the agreement terms can be vague
and subject to variable interpretation by the storefront operator, who acts unilaterally to enforce such terms. Each of Apple, Google
and Huawei has the right to prohibit a developer from distributing its applications on its storefront if the developer violates its standard
terms and conditions. If Apple, Google, Huawei or any other storefront operator determines, in its interpretation that we are violating
its standard terms and conditions or prohibits us from distributing our app on its storefront, our business, financial condition, and
results of operations would be adversely affected.

We may face intellectual property rights
claims and other litigation that are expensive to defend, and if resolved unfavorably, could significantly impact us and our shareholders.

Companies in the technology industry, like ours,
own a large number of copyrights, trademarks, patents, domain names, and trade secrets and frequently engage in litigation based on allegations
of infringement, misappropriation or other violations of intellectual property or other rights. As we face increasing competition and
gain a high profile, the likelihood of intellectual property rights claims against us grows. In addition, we use open source software
in our website, mobile applications and backend applications, and expect to continue doing so in the future. From time to time, we may
face claims from companies that incorporate open source software into their products