Company: MRT
Filing Date: 2025-08-11
Form Type: F-3
Source: 0001213900-25-074325
Chunk: 21

Company: Marti Technologies, Inc.
Filing Date: 2025-08-11
Form: F-3
Chunk 21
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 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 such director’s ability to perform his or her obligations
as a director) at any time before the expiration of his or her term, notwithstanding anything in our Articles of Association or in any
agreement between us and such director (but without prejudice to any claim for damages under such agreement).

Our Articles of Association
provide that the office of a director shall be vacated if the director: (i) becomes bankrupt or makes any arrangement or composition with
his or her creditors; (ii) dies or is found to be or becomes of unsound mind; (iii) resigns his or her office by notice in writing to
the Company; (iv) is prohibited by applicable law or 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 the Articles of Association) from being
a director; (v) without special leave of absence from the directors, is absent from meetings of the directors for six (6) consecutive
months and the directors resolve that his or her office be vacated; or (vi) if he or she shall be removed from office pursuant to our
Articles of Association.

Our Articles of Association
do not provide a set age requirement regarding the retirement of our directors or (subject to any shareholders’ ordinary resolution
to the contrary) any shareholding requirement for directors