Company: MRT
Filing Date: 2025-08-11
Form Type: F-3
Source: 0001213900-25-074325
Chunk: 18

Company: Marti Technologies, Inc.
Filing Date: 2025-08-11
Form: F-3
Chunk 18
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 Shares that have been called upon and
remain unpaid are, after a notice period, subject to forfeiture.

Subject to the terms of the
allotment and issue of any Ordinary Shares, our Board may make calls upon such holders of Ordinary Shares in respect of any monies unpaid
on such Ordinary Shares (whether in respect of par value or premium), and each holder of Ordinary Shares shall (subject to receiving at
least fourteen clear days’ notice specifying the time or times of payment) pay to us at the time or times so specified the amount
called on the Ordinary Shares. A call may be revoked or postponed, in whole or in part, as the directors may determine. A call may be
required to be paid by installments. A person upon whom a call is made shall remain liable for calls made upon him or her notwithstanding
the subsequent transfer of the Ordinary Shares in respect of which the call was made.

If a call or installment of
a call remains unpaid after it has become due and payable the Board may give to the person from whom it is due not less than fourteen
(14) clear days’ notice requiring payment of the amount unpaid together with any interest which may have accrued and any expenses
incurred by us by reason of such non-payment. The notice shall specify where payment is to be made and shall state that if the notice
is not complied with the Ordinary Shares in respect of which the call was made will be liable to be forfeited.

Redemption and Repurchase of Shares

Subject to the provisions of
the Companies Act, we may issue shares that are to be redeemed or are liable to be redeemed at the option of us or the shareholder. The
redemption of such shares will be effected in such manner and upon such other terms as our Board determine before the issue of the shares.
We may also purchase our own shares (including any redeemable shares) on such terms and in such manner as the Board may determine and
agree with the relevant shareholder(s). As of December 31, 2024, the company has not issued any shares that are to be redeemed or are
liable to be redeemed at the option of the company or the shareholder.

Share Repurchase Program

In January 2024, our Board
authorized a share repurchase program under which we may repurchase up to $2.5 million of our outstanding Class A ordinary shares with
a ceiling price of $6.00 per share for the share repurchases (as amended, the “Repurchase Program”). Under the