Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 144

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 144
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-U.S. Holder will be exempt from the U.S. federal withholding tax described above. To claim the exemption, the Non-U.S. Holder must furnish to the applicable withholding agent a valid IRS Form W-8ECI, certifying that the dividends are effectively connected with the Non-U.S. Holder’s conduct of a trade or business within the United States.

Any such effectively connected dividends will be subject to U.S. federal income tax on a net income basis at the regular rates. A Non-U.S. Holder that is a corporation also may be subject to a branch profits tax at a rate of 30% (or such lower rate specified by an applicable income tax treaty) on such effectively connected dividends, as adjusted for certain items. Non-U.S. Holders should consult their tax advisors regarding any applicable tax treaties that may provide for different rules.

Gain on Sale or Other Taxable Disposition of Our Common Stock

Subject to the discussion below under “Information Reporting and Backup Withholding” and “Foreign Account Tax Compliance Act,” a Non-U.S. Holder will generally not be subject to U.S. federal income tax on any gain realized upon the sale, exchange, or other taxable disposition of our Common Stock unless:

| ● | the                                                                                                                                 
 gain (i) is effectively connected with the conduct by the Non-U.S. Holder of a U.S. trade or business, and (ii) if required by an   
 applicable income tax treaty between the United States and the Non-U.S. holder’s country of residence, is attributable to a         
 permanent establishment maintained by the Non-U.S. Holder in the United States (in which the special rules described below apply);  |
| ● | the                                                                                                                                 
 Non-U.S. Holder is an individual who is present in the United States for 183 days or more in the taxable year of the sale, exchange 
 or other disposition of our Common Stock, and certain other requirements are met (in which case the gain would be subject to a flat 
 30% tax, or such reduced rate as may be specified by an applicable income tax treaty, which may be offset by certain U.S. source    
 capital losses, even though the individual is not considered a resident of the United States); or                                   |
| ● | the                                                                                                                                 
 rules of the Foreign Investment in Real Property Tax Act (“FIRPTA”) treat the stock as a “U.S. real property interest”              
 as defined in Section 897 of the Code.                                                                                              |

The FIRPTA rules may apply to a sale