Company: ARAI
Filing Date: 2025-06-17
Form Type: S-1
Source: 0001641172-25-015428
Chunk: 137

Company: Arrive AI Inc.
Filing Date: 2025-06-17
Form: S-1
Chunk 137
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 interest for both parties.
Although Arrive has commenced development of its products, it has not started conducting commercial operations nor the Company has provided
the services or marketing during the agreed upon timeframe. This license agreement also contains other customary representations and
covenants of agreements of similar type and scope. Through December 31, 2024, the total of payments made to the CEO under the license
agreement is $540,000, The Company estimates that the approximate value of the license agreement once the Company starts generating revenue
from commercial operations is approximately $17 million over the course of ten years, this is using the formula of $25 per each installed
unit and based on management’s internal sales projections of approximately 675,000 units over that period. The foregoing description
of the license agreement is not complete and is qualified in its entirety by reference to the text of such document, which is filed as
an exhibit to our Direct Listing Registration Statement.

Products and intellectual property covered by
the exclusive patent license agreement with our CEO:

| Item |     | Patent No.                               |     | Title                                                                      |     | Issue Date       |     |       App. No. |     | Inventor       |     | App. Date         |
| 1    |     | US9,840,340B2                            |     | Drone Docking Station and delivery system                                  |     | December 12 2017 |     |      14/55,418 |     | Daniel O’Toole |     | December 9, 2014  |
| 2    |     | US10,457,421B2                           |     | Drone Docking Station and delivery system                                  |     | October 29, 2019 |     |     15/328,027 |     | Daniel O’Toole |     | January 21, 2017  |
| 3    |     | Pending–PubNoWO2016/094067 June 16, 2016 |     | Drone Docking Station and delivery system                                  |     | ---              |     | PCT/US15/62034 |     | Daniel O’Toole |     | November 21, 2015 |
| 4    |     | Trademark App 88522545                   |     | DRONEDEK                                                                   |     | Pending          |     |       88522545 |     | Daniel O’Toole |     | July 18, 2019     |
|