Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 140

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 140
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 presented) for his service as
an interim director on October 2, 2023. These shares were fully vested as of December 31, 2023.

Fiscal Year 2022 and 2021 Director Compensation

John Callan (former director) was awarded 33,333
shares of common stock in 2021. These shares vested quarterly, with 6,667 shares of common stock vested in 2021, 13,333 shares of common
stock vested in 2022, 13,333 shares of common stock vested as of December 2023, after giving effect to the Reverse Stock Split retrospectively
for all periods presented. This award is fully vested.

No other directors received compensation for
their service as members of the Board in 2022 or 2021.

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<div align='center'>CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS</div>

The following is a description of transactions
since 2020, including currently proposed transactions to which Arrive has been a party in which the amount involved exceeded or will
exceed $120,000, and in which any of Arrive AI’s directors (including nominees), executive officers or beneficial holders of more
than 5% of Arrive AI’s capital stock, or their immediate family members or entities affiliated with them, had or will have a direct
or indirect material interest. We believe the terms and conditions set forth in such agreements are reasonable and customary for transactions
of this type.

Exclusive Patent License Agreement

Arrive executed an exclusive patent license agreement
on May 26, 2020 with its CEO, the licensor and sole owner of all right, title and interest in certain technology consisting of inventions,
know-how, patents and patents applications, technology to be patented and trademarks relating to secured drone delivery ALM mailboxes
and receiving containers for residential and commercial applications, collectively the products which are described in more detail in
the table below. The Company, as licensee, has the exclusive right to sell, manufacture, and otherwise commercialize the technology and
the products worldwide in exchange for a pre-revenue monthly fee equal to $10,000.00. Additionally, once revenue from sales, rentals,
and leases begin and exceeds $10,000.00 a month, then the licensee must pay licensor a fee per unit or product sold, rented or leased
equal to $25.00. The agreement also includes a provision where the Arrive must commence development and marketing