Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 153

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 6
Chunk 153
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 elected for a full term of three (3) years. At the 2026 annual general meeting, the
Class I directors are to be elected for a full term of three (3) years. At the 2027 annual general meeting, the Class II directors are
to be elected for a full term of three (3) years. At each succeeding annual general meeting, our directors are to be elected for a full
term of three (3) years to succeed our directors of the class whose terms expire at such annual general meeting. No decrease in the number
of directors constituting our directors is to shorten the term of any incumbent director.

Our directors by the affirmative vote of a simple
majority of the remaining directors present and voting at a meeting of the directors, even if less than a quorum, shall have the power
from time to time and at any time to appoint any person as a director to fill a casual vacancy on the Board or as an addition to the existing
Board, subject to our Articles of Association, the rules and regulations of the Designated Stock Exchange (as defined in our Articles
of Association), the SEC and/or any other competent regulatory authority or otherwise under Applicable Law (as defined in our Articles
of Association). A director appointed to fill a vacancy in accordance with our Articles of Association is to be of the same class of director
as the director he or she replaced. Any such appointed director shall hold office until the expiration of his or her term, until his or
her successor shall have been duly elected and qualified or until his or her earlier death, resignation, or removal.

A director may be removed from office by our
shareholders by Special Resolution (as defined in our Articles of Association) only for cause (“cause” for removal of a
director shall be deemed to exist only if (a) the director whose removal is proposed has been convicted of an arrestable offence by
a court of competent jurisdiction and such conviction is no longer subject to direct appeal; (b) such director has been found by the
affirmative vote of a majority of the directors then in office at any regular or extraordinary general meeting of the Board called
for that purpose, or by a court of competent jurisdiction, to have been guilty of willful misconduct in the performance of such
director’s duties to us in a matter of substantial importance to us; or (c) such director has been adjudicated by a court
of competent jurisdiction to be mentally incompetent, which mental incompetency directly affects