Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 155

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 6
Chunk 155
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 three independent directors, each of whom is financially
literate and one of whom has accounting or related financial management expertise. Our audit committee consists of Agah Ugur, Kerry Healey,
and Douglas Lute. Mr. Ugur serves as the chairperson of the audit committee. All members of the audit committee meet the requirements
for financial literacy under the applicable rules and regulations of the SEC and the corporate governance rules of the NYSE American.
The Board has determined that Agah Ugur is an “audit committee financial expert” as defined in applicable SEC rules and has
the requisite financial experience as defined by the corporate governance rules of the NYSE American. The Board has determined that each
member of the audit committee is “independent” as such term is defined in Rule 10A-3(b)(1) under the Exchange Act, which is
different from the general test for independence of board and committee members.

The Board adopted a charter setting forth the
responsibilities of the audit committee, which are consistent with Cayman Islands law, the SEC rules and the corporate governance rules
of the NYSE American and include:

  appointing, compensating, retaining, and overseeing                                                              

  reviewing and discussing with the independent                                                           

  reviewing with management and our independent                                                                                             
  auditor and our annual and quarterly financial statements prior to publication or filing (or submission, as the case may be) to the SEC;  
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  discussing our earnings press releases, as well                                           

  discussing our policies with respect to risk  

  reviewing and approving any related party transaction                                                                               

  reviewing our Code of Business Conduct and Ethics  

  setting clear hiring policies for employees or  

Compensation Committee

Under the corporate governance rules of the NYSE
American, we are required to maintain a compensation committee consisting entirely of independent directors. Our compensation committee
consists of Messrs. Freifeld, Spiro, and Lute. Mr. Freifeld serves as chairperson of the compensation committee. The Board has determined
that each proposed member of the compensation committee is independent under the corporate governance rules of the NYSE American, including
the additional independence requirements applicable to members of a compensation committee.

The Board adopted a charter setting forth the
responsibilities of the compensation committee, which are consistent with Cayman Islands law, the SEC rules and the corporate governance
rules of the NYSE American and include:

  reviewing and approving the