Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 146

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 6
Chunk 146
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-Based or Cash-Based Awards. Other share or cash-based awards are awards of cash, fully vested Ordinary Shares and other awards valued wholly or partially by referring to, or otherwi...  
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  Dividend Equivalents. Dividend equivalents represent the right to receive the equivalent value of dividends paid on Ordinary Shares and may be granted alone or in tandem with awards other than ...  
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Adjustments; Corporate Transactions. In
the event of certain changes in the Company’s corporate structure, including any dividend, distribution, combination, merger, recapitalization
or other corporate transaction, the plan administrator may make appropriate adjustments to the terms and conditions of outstanding awards
under the 2023 Plan to prevent dilution or enlargement of the benefits or intended benefits under the 2023 Plan, to facilitate the transaction
or event or to give effect to applicable changes in law or accounting standards. In addition, in the event of certain non-reciprocal transactions
with the Company’s shareholders known as “equity restructurings,” the plan administrator will make equitable adjustments
to the 2023 Plan and outstanding awards granted thereunder as it deems appropriate.

Effect of Non-Assumption in Change in Control.
In the event a change in control (as defined in the 2023 Plan) occurs and a participant’s award is not continued, converted, assumed
or replaced by the Company or a successor entity with an award (which may include, without limitation, a cash based award) with substantially
the same value and vesting terms that are no less favorable than those applicable to the underlying award, in each case, as of immediately
prior to the change in control, and provided the participant remains in continuous service through such change in control, the award will
become fully vested and exercisable, as applicable, and all forfeiture, repurchase and other restrictions on such award will lapse, in
which case such award, to the extent in the money, will be cancelled upon the consummation of the change in control in exchange for the
right to receive the consideration payable in the change in control.

Repricings. The plan administrator may,
without shareholder approval, reduce the exercise price of any option or SAR, cancel any option or SAR with