Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 176

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 10
Chunk 176
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 to holders described in this discussion. There can be no assurance that a court or
the IRS will not challenge one or more of the tax consequences described herein, and we have not obtained, nor do we intend to
obtain, a ruling with respect to the U. S. federal income tax consequences to a holder of the ownership or disposition of our
Ordinary Shares.

We assume in this discussion that a holder holds
our Ordinary Shares as a “capital assets” within the meaning of Section 1221 of the Code (generally, property held for
investment). This discussion does not address all aspects of U. S. federal income taxation that may be relevant to a particular holder
in light of that holder’s individual circumstances, nor does it address any alternative minimum, Medicare contribution, estate or
gift tax consequences, or any aspects of U. S. state, local or non-U. S. taxes or any other U. S. federal tax laws. This discussion also
does not address consequences relevant to holders subject to special tax rules, such as:

  holders that own, or are deemed to own, more                                       

  corporations that accumulate earnings to avoid  

  tax-exempt organizations;  

  governmental organizations;  

  banks, financial institutions, investment funds,                                            

  regulated investment companies or real estate  

  persons that have a “functional currency”  

  tax-qualified retirement plans;  

  holders who hold or receive our Ordinary Shares                                   

  holders holding our Ordinary Shares as part of                                                               

  holders deemed to sell our Ordinary Shares under  

  passive foreign investment companies, controlled                                 

In addition, this discussion does not address
the tax treatment of partnerships (or entities or arrangements that are treated as partnerships for U. S. federal income tax purposes)
or persons that hold our Ordinary Shares through such partnerships. If a partnership, including any entity or arrangement treated as a
partnership for U. S. federal income tax purposes, holds our Ordinary Shares, the U. S. federal income tax treatment of a partner in such
partnership will generally depend upon the status of the partner and the activities of the partnership. Such partners and partnerships
should consult their tax advisors regarding the tax consequences of the ownership and disposition of our Ordinary Shares.

For purposes of this discussion, a “ U. S.
Holder” means a beneficial owner of our Ordinary Shares that is, for U. S. federal income tax purposes:

  an individual who is a citizen or resident of  

  a corporation, or an