Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 129

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 5
Chunk 129
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 increase the aggregate principal commitment amount to $21,126,576 (the “ Second Amended Commitment Amount”), with
(A) $12,875,750 of such principal amount to be subscribed for on or before March 22, 2025 and (B) an additional $8,250,826 of such principal
amount to be subscribed for on or before July 15, 2026 and (ii) the Company agreed to issue Commitment Shares and Subscriber Shares based
on the Second Amended Commitment Amount.

Additional Subscriptions

On March 22, 2024, the Company and 405 MSTV I,
L. P. (an existing investor in the Convertible Notes, “ MSTV”) entered into a convertible note subscription agreement whereby
MSTV subscribed for an aggregate principal amount of $7,500,000 in the Convertible Notes, which was deemed as a partial exercise of the
Callaway Option.

On September 23, 2024, the Company, Callaway,
as a commitment party, and MSTV and New Holland Tactical Alpha Fund LP (“ NHTAF”), as subscribers, entered into a subscription agreement
on the form of the Amended and Restated Subscription Agreement, pursuant to which (i) the subscribers subscribed for Convertible Notes
in an aggregate principal amount of $2,000,000 (the “ September 2024 Subscription”) and (ii) the Company (A) issued to the
subscribers an aggregate of 121,212 Subscriber Shares and (B) reserved for issuance to Callaway an aggregate of 242,424 Commitment Shares.
The September 2024 Subscription was a partial satisfaction of the Second Amended Commitment Amount and deemed a partial exercise of the
Callaway Option.

On October 17, 2024, the Company, Callaway, as
a commitment party, and the subscribers further entered into a subscription agreement on the form of the Amended and Restated Subscription
Agreement, pursuant to which (i) the subscribers subscribed for the Convertible Notes in an aggregate principal amount of $2,500,000 (the
“ October 2024 Subscription”) and (ii) the Company (A) issued to the subscribers an aggregate of 151,515 Subscriber Shares
and (B) reserved for issuance to Callaway an aggregate of 303,030 Commitment Shares. The October 2024 Subscription was a partial satisfaction
of the Second Amended Commitment Amount and was deemed a partial exercise of the