Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 170

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 7
Chunk 170
---

Marti Ileri is a party to the Loan Agreement as
a guarantor, pledging substantially all of its assets as security for the loans thereunder. Marti drew down $5.0 million on the loan in
January 2021 and $10.0 million on the loan in December 2021. Marti drew down an additional $3.0 million on the loan in October 2022 and
$2.0 million on the loan in December 2022. As of December 31, 2024, $1.7 million remained outstanding under the loan agreement.

Engagement Letter with Quinn Emanuel

On February 10, 2025, the Company entered into
an engagement letter with Quinn Emanuel Urquhart & Sullivan, LLP (“ QEU& S”), pursuant to which QEU& S will provide
certain legal services to the Company. Alex Spiro, a member of the Board, is a partner of QEU& S and will be providing legal services
under the engagement between QUE& S and the Company. The total fees for the QEU& S engagement will not exceed $100,000.

  Interests of Experts and Counsel  

Not applicable.

ITEM 8. FINANCIAL INFORMATION