Company: ARAI
Filing Date: 2025-03-24
Form Type: S-1/A
Source: 0001641172-25-000350
Chunk: 102

Company: Arrive AI Inc.
Filing Date: 2025-03-24
Form: S-1/A
Chunk 102
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 for each of the issued patent  
 is due at 3 to 3.5 years, then at 7 to 7.5 years, and finally 11 to 11.5 years, respectively,  
 after the date of issue with no early payment options. In the event of a late payment, there   
 is a “six-month grace period” to reactivate a late, unintentional, missed payment              
 of the fee, but a surcharge will be incurred during such grace period at 3.5 to 4 years,       
 7.5 to 8 years, and 11.5 to 12 years, respectively, after the date of issue.                   |
| ● | The                                                                                            
 Company will be responsible for paying patent issue fee, maintenance fees, and annuity fees    
 due on each patent granted, transferred or licensed to it.                                     |

| 43 |

Recent Developments and Current Licenses Held

Securities Purchase Agreement between Arrive AI Inc. and Streeterville Capital LLC

On March 21, 2025, the Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with Streeterville Capital LLC (“Streeterville”). Under the Securities Purchase Agreement, Streeterville agrees to purchase an amount of up to $40,000,000 in pre-paid purchases of the Company’s common stock, $0.0002 par value per share. The original principal amount is a $4,330,000 pre-paid purchase with a $4,000,000 initial purchase price and $330,000 original issue discount. In addition, the Company agrees to pay $10,000 to cover Streeterville’s transaction expenses, along with 62,500 shares of common stock issued as a commitment fee and 2,937,500 shares of common stock as pre-delivery shares to be delivered to Streeterville at closing. The Securities Purchase Agreement is being filed as Exhibit 10.11 of this registration statement.

In exchange for the Streeterville’s participation, the Company agrees to restrict its executive officers from selling their shares of common stock until the later of 90 days from the agreement date or 45 days after the effective date of this Registration Statement (the “Lock-Up Expiration Date”). Until then, the executive officers cannot: (i) sell shares below the Reference Price (as defined in the Securities Purchase Agreement); (ii) sell during the first three trading days; nor (iii) exceed certain volume limits—10% for the Chief Executive Officer and 25% of daily