SEC Contract Filing

Filing Date: 2022-08-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>7
<FILENAME>tm2222213d1_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CONVERTIBLE NOTE SUBSCRIPTION AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This CONVERTIBLE NOTE SUBSCRIPTION
AGREEMENT (this &ldquo;<U>Convertible Note Subscription Agreement</U>&rdquo;) is entered into on July&nbsp;29, 2022, by and between Galata
Acquisition Corp., a Cayman Islands exempted company (the &ldquo;<U>Company</U>&rdquo;), and the undersigned subscriber (&ldquo;<U>Subscriber</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, concurrently with
the execution of this Convertible Note Subscription Agreement, the Company is entering into a Business Combination Agreement with Marti
Technologies Inc., a Delaware corporation (&ldquo;<U>Marti</U>&rdquo;), and the other parties thereto, providing for a business combination
between the Company and Marti (the &ldquo;<U>Merger Agreement</U>&rdquo; and the transactions contemplated by the Merger Agreement, the
 &ldquo;<U>Transaction</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, in connection with
the Transaction, Subscriber desires to subscribe for and purchase from the Company, immediately prior to the consummation of the Transaction,
the convertible notes (the &ldquo;<U>Convertible Notes</U>&rdquo;) having the terms set forth in the Indenture (as defined below), which
is incorporated in and made a part of this Convertible Note Subscription Agreement, in an aggregate principal amount as set forth on Subscriber&rsquo;s
signature page&nbsp;attached hereto (the &ldquo;<U>Subscribed Notes</U>&rdquo;), at a purchase price equal to 100% of such principal amount
(the &ldquo;<U>Purchase Price</U>&rdquo;), and the Company desires to issue and sell to Subscriber the Subscribed Notes in consideration
of the payment of the Purchase Price by or on behalf of Subscriber to the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, on or about the date
of this Convertible Note Subscription Agreement, the Company is entering into, and after the date hereof and prior to the Closing (as
defined below) may enter into, other convertible note subscription agreements (the &ldquo;<U>Other Subscription Agreements</U>&rdquo;
and together with this Convertible Note Subscription Agreement, the &ldquo;<U>Subscription Agreements</U>&rdquo;) with certain other investors
(the &ldquo;<U>Other Subscribers</U>&rdquo; and together with Subscriber, the &ldquo;<U>Subscribers</U>&rdquo;), pursuant to which such
Other Subscribers have agreed to purchase additional Convertible Notes (the &ldquo;<U>Other Convertible Notes</U>&rdquo;), in an amount
of up to $47.5 million in aggregate principal amount of the Convertible Notes, inclusive of the Subscribed Notes, on the closing date
of the Transaction (the &ldquo;<U>Closing Date</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, in connection with
the issuance of the Convertible Notes on the Closing Date, the Company and a trustee to be selected by the Company and reasonably satisfactory
to the Subscribers as trustee (the &ldquo;<U>Trustee</U>&rdquo;) will enter into an indenture in respect of the Convertible Notes (the
 &ldquo;<U>Indenture</U>&rdquo;), substantially in the form attached hereto as <U>Exhibit&nbsp;A</U>; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, on the date hereof,
Marti has entered into a Convertible Note Subscription Agreement with certain subscribers party thereto, pursuant to which such subscribers
have agreed to purchase certain convertible promissory notes (the &ldquo;<U>Pre-funded Convertible Notes</U>&rdquo;) of Marti, which,
on or about the Closing Date, will be convertible into Convertible Notes having the same terms as set forth in the Indenture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the foregoing and the mutual representations, warranties and covenants, and subj