Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 150

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 6
Chunk 150
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 (the “ Director Compensation Program”), pursuant to which non-employee directors
of the Board are entitled to cash and equity compensation, as further described below.

Under the Director Compensation Program, our non-employee
directors are entitled to the following amounts for their service on the Board under the Director Compensation Program: (i) an annual
cash retainer of $20,000 (or, if the non-employee director serves as the lead independent director, an annual cash retainer of $170,000);
(ii) if the non-employee director serves as the chair of a committee of the Board, an additional annual cash retainer of $10,000; and
(iii) if the non-employee director serves as a non-chair member of a committee of the Board, an additional annual cash retainer of $5,000.
Annual cash retainers will be paid quarterly in arrears and will be pro-rated for any partial calendar quarter of service.

In addition to the annual retainers described
above, each non-employee director who primarily resides in a country other than the country where the board meeting is taking place, and
travels from such country to the country where the board meeting is taking place to attend any Board meeting in person, is entitled under
the Director Compensation Program to receive a cash fee equal to $10,000 for each such Board meeting.

Under the Director Compensation Program, each
non-employee director who is initially elected or appointed to serve on the Board on or after the Closing will receive (an award of RSUs
with a dollar value equal to $50,000 (or, if such non-employee director serves as lead independent director, an award of RSUs with a dollar
value equal to $140,000) (in either case, an “ Initial Award”)). Each non-employee director who has served on the Board for
at least six months as of the date of an annual meeting of shareholders that occurs after Closing and will continue to serve as a non-employee
director immediately following such meeting will receive a share-based award with a dollar value equal to the sum of (A) $50,000 (or,
for the lead independent director, $140,000), (B) $12,500 for each committee of the Board on which the non-employee director serves as
a non-chair member, and (C) $25,000 for each committee of the Board on which the nonemployee director serves as chair (the “ Annual
Award”).