Company: ARAI
Filing Date: 2025-06-17
Form Type: S-1
Source: 0001641172-25-015428
Chunk: 148

Company: Arrive AI Inc.
Filing Date: 2025-06-17
Form: S-1
Chunk 148
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and consented to the above forum exclusivity provisions. The enforceability of similar choice of forum provisions in other companies’
certificates of incorporation and bylaws has been challenged in legal proceedings, and it is possible that a court could find these types
of provisions to be inapplicable or unenforceable.

The forum selection provision is intended to
apply “to the fullest extent permitted by applicable law,” subject to certain exceptions. Section 27 of the Exchange Act
creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules
and regulations thereunder. As a result, the exclusive forum provision will not apply to suits brought to enforce any duty or liability
created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction. In addition, the exclusive forum
provision will not apply to actions brought under the Securities Act, or the rules and regulations thereunder.

Special meeting of stockholders

Our bylaws further provide that special meetings
of our stockholders may be called by the Chairman of the Board, the Board, President of Arrive AI Inc., formerly Arrive Technology Inc.,
or by the Board upon written request by the holders of a majority of the voting authority of Arrive AI Inc.

Removal of directors

Our bylaws provide that a member of our Board
may be removed from service as a director, with or without cause, only by the affirmative vote of the holders of a majority of the shares
of voting stock then outstanding and entitled to vote in an election of directors.

Limitation of Liability and Indemnification of Directors and Officers

Our bylaws provide that our directors and officers
will be indemnified by us to the fullest extent authorized by Delaware law.

These provisions may discourage stockholders
from bringing a lawsuit against our directors for breach of their fiduciary duty. These provisions also may have the effect of reducing
the likelihood of derivative litigation against directors and officers, even though such an action, if successful, might otherwise benefit
us and our stockholders. Furthermore, a stockholder’s investment may be adversely affected to the extent we pay the costs of settlement
and damage awards against directors and officers pursuant to these indemnification provisions. We believe that these provisions, insurance
and the indemnity agreements are necessary to attract and retain talented and experienced directors and officers.

We are not aware of any threatened litigation
or proceeding that might result in a claim for such indemnification, except as disclosed below. Insofar