Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 169

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 7
Chunk 169
---
 date. The facility is intended to be used for the acquisition of new vehicles. Marti İleri drew down the       
  facility in full in July 2021.                                                                                                          
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  A term loan credit facility agreement, dated                                                                                              
  August 18, 2021. The facility provides for a single advance in an amount of approximately $3.4 million at 4% per annum payable on August  
  31, 2024, the facility termination date. The facility is intended to be used for the advance payment of new vehicles. Marti İleri         
  drew down the facility in full in August 2021.                                                                                            
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  A term loan credit facility agreement dated December                                                                                     
  24, 2021. The facility provides for a single advance in an amount equal to $5.0 million at 4% per annum payable on December 24, 2024,    
  the facility termination date. The facility is intended to be used for working capital and the acquisition of new vehicles. Marti İleri  
  drew down the facility in full on December 24, 2021.                                                                                     
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  A term loan credit facility agreement dated December                                                                                     
  12, 2022. The facility provides for a single advance in an amount equal to $0.5 million at 4% per annum payable on December 14, 2025,    
  the facility termination date. The facility is intended to be used for working capital and the acquisition of new vehicles. Marti İleri  
  drew down the facility in full in December 2022.                                                                                         
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Shareholder Advance Payments

On June 24, 2022 and July 25, 2022, Marti Ileri
provided shareholders advance payments of $0.3 million and $0.5 million, respectively, to Marti Delaware. The advance payments are intended
to be used for working capital. We intend to offset the entire amount for each advance payment from Marti Delaware’s outstanding
loans to Marti İleri.

Guarantee for Term Loan provided by PFG