Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 154

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 6
Chunk 154
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 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 Proposed 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.

Terms of Directors

The term of office for each of Class I, Class
II and Class III directors are the following:

  at                                                                                                                                  

  at the 2026 annual general meeting, the term                                                                                            

  at the 2027 annual general meeting, the term                                                                                             

At each succeeding annual general meeting, directors
are to be elected for a full term of three (3) years to succeed the directors of the class whose terms expire at such annual general meeting.
No decrease in the number of directors constituting the directors is to shorten the term of any incumbent director.

The term of a director appointed to fill a vacancy
in accordance with our Articles of Association, shall terminate in accordance with that same class of director that he or she replaced.
The term of any such director appointed shall continue to be in effect, until the expiration of his or her term, as set out above, until
his or her successor has been duly elected and qualified or until his or her earlier death, resignation or removal or is otherwise disqualified
from acting as a director, in accordance with the provisions of our Articles of Association (including pursuant to the Companies Act).

Committees of the Board of Directors

Audit Committee

Under the corporate governance rules of the NYSE
American, we are required to maintain an audit committee consisting of at least