Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 152

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 152
---
 approximately 4,800 stockholders of record.

Preferred Stock

Our current certificate of incorporation does
not permit the issuance of preferred stock and so we have no preferred stock outstanding at the date hereof. Although we do not currently
intend to issue any shares of preferred stock, we cannot assure you that we will not do so in the future.

Certain Anti-takeover Provisions of Delaware Law, our Certificate of Incorporation and Bylaws

As a Delaware corporation, we are governed by
the provisions of Section 203 of the Delaware General Corporation Law, which generally has an anti-takeover effect for transactions not
approved in advance by our Board. This may discourage takeover attempts that might result in payment of a premium over the market price
for the shares of common stock held by stockholders. In general, Section 203 prohibits a publicly held Delaware corporation from engaging
in a “business combination” with an “interested stockholder” for a three-year period following the time that
such stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed manner. A “business
combination” includes, among other things, a merger, asset or stock sale or other transaction resulting in a financial benefit
to the interested stockholder. An “interested stockholder” is a person who, together with affiliates and associates, owns,
or did own within three years prior to the determination of interested stockholder status, 15% or more of the Company’s voting
stock.

Under Section 203, a business combination between
a corporation and an interested stockholder is prohibited unless it satisfies one of the following conditions:

| ● | before the stockholder became interested, the board of directors approved                                                   
 either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder; or |
| ● | upon consummation of the transaction which resulted in the stockholder                                                      
 becoming an interested outstanding, shares owned by:                                                                        |

| ● | persons who are directors and also officers, and                                                                                         |
| ● | employee stock plans, in some instances; or                                                                                              |
| ● | at or after the time the stockholder became interested, the business                                                                     
 combination was approved by the board of directors are authorized at an annual or special meeting of the stockholders by the affirmative 
 vote of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.                            |

| 65 |

Exclusive Forum for certain lawsuits

Our current certificate of incorporation provides,
that unless