Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 166

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 7
Chunk 166
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On December 2, 2024, the Company and MSTV entered
in to a subscription agreement on the form of the Amended and Restated Subscription Agreement (the “ MSTV PIK Subscription Agreement”),
pursuant to which MSTV agreed to subscribe for the Convertible Notes in an aggregate principal amount of $5,216,741 on each applicable
subscription closing date as set forth therein. On December 26, 2024, the Company entered in to an amendment to the MSTV PIK Subscription
Agreement, pursuant to which (i) MSTV agreed to subscribe for the Convertible Notes in an aggregate principal amount of $5,719,961 on
each applicable subscription closing date as set forth therein (the “ MSTV PIK Subscription”) and (ii) the Company issued to
Farragut 346,664 Subscriber Shares. The MSTV PIK Subscription, if successfully closed on each applicable subscription closing date, will
be a partial satisfaction of the Second Amended Commitment Amount but will not be deemed as a partial exercise of the Callaway Option.

On December 2, 2024, the Company and NHTAF entered
in to a subscription agreement on the form of the Amended and Restated Subscription Agreement (the “ NHTAF PIK Subscription Agreement”),
pursuant to which NHTAF agreed to subscribe for the Convertible Notes in an aggregate principal amount of $531,161 on each applicable
subscription closing date as set forth therein. On December 26, 2024, the Company entered in to an amendment to the NHTAF PIK Subscription
Agreement, pursuant to which (i) NHTAF agreed to subscribe for the Convertible Notes in an aggregate principal amount of $698,905 on each
applicable subscription closing date as set forth therein (the “ NHTAF PIK Subscription”) and (ii) the Company issued to NHTAF
42,358 Subscriber Shares. The NHTAF PIK Subscription, if successfully closed on each applicable subscription closing date, will be a partial
satisfaction of the Second Amended Commitment Amount but will not be deemed as a partial exercise of the Callaway Option.

On December 2, 2024, the Company and Callaway
entered in to a subscription agreement on the form of the Amended and Restated Subscription Agreement (the “ Callaway PIK Subscription
Agreement”), pursuant to which (i) Callaway agreed to subscribe for the Convertible Notes