Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 152

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 6
Chunk 152
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 or
she may be interested therein and if he or she does so his or her vote shall be counted and he or she may be counted in the quorum at
any meeting of the Board at which any such contract or proposed contract or arrangement shall come before the meeting for consideration.

Duties of Directors

Under the laws of the Cayman Islands, our directors
and officers owe certain fiduciary duties to the Company. In certain circumstances, a shareholder may have the right to seek damages if
a duty owed by the directors is breached.

Under Cayman Islands law, directors and officers
owe the following fiduciary duties:

  duty to act in good faith in what the director                              

  duty to exercise powers for the purposes for                         

  directors should not improperly fetter the exercise  

  duty to exercise powers fairly as between different  

  duty not to put themselves in a position in which                                        

  duty to exercise independent judgment.  

In addition to the above, under Cayman Islands
law, directors also owe a duty of care which is not fiduciary in nature. This duty has been defined as a requirement to act as a reasonably
diligent person having both the general knowledge, skill, and experience that may reasonably be expected of a person carrying out the
same functions as are carried out by that director in relation to the company and the general knowledge skill and experience of that director.

As set out above, under Cayman Islands law, directors
have a duty not to put themselves in a position of conflict and this includes a duty not to engage in self-dealing, or to otherwise benefit
as a result of their position. However, in some instances what would otherwise be a breach of this duty can be forgiven and/or authorized
in advance by the shareholders provided that there is full disclosure by the directors. This can be done by way of permission granted
in our Articles of Association or alternatively by shareholder approval at general meetings.

Appointment and Removal of Directors

Our Articles of Association provide that our Board
should consist of such number of directors as fixed by the directors from time to time (but not less than one director) so long as the
Ordinary Shares are listed on the Designated Stock Exchange (as defined in our Articles of Association).

Our Articles of Association provide that our directors
are to be divided into three (3) classes designated as Class I, Class II, and Class III, respectively. At the 2025 annual
general meeting, the Class III directors are to be