Company: ARAI
Filing Date: 2025-05-14
Form Type: DRS
Source: 0001641172-25-010170
Chunk: 171

Company: Arrive AI Inc.
Filing Date: 2025-05-14
Form: DRS
Chunk 171
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2.38 |     |                                 | 4.99 years |     |                      | 652,857 |     | $                   | 678,347 |

| F-24 |

ARRIVE AI INC.

(FORMERLY ARRIVE TECHNOLOGY INC.)

NOTES TO FINANCIAL STATEMENTS (Continued)

| 13. | WARRANTS    
 (Continued) |

The following table sets forth the assumptions used to estimate the fair values of the warrants for the year ended December 31:

<div align='center'>SCHEDULE OF ESTIMATE THE FAIR VALUES OF THE WARRANTS</div>

|                                 |     | 2024 |                 |   |     | 2023 |                 |   |
| Expected term                   |     |      | 1.5 – 3.7 years |   |     |      | 1.2 – 2.4 years |   |
| Expected volatility             |     |      |              95 | % |     |      |             150 | % |
| Risk-free interest rate         |     |      |     3.6% – 4.5% |   |     |      |     4.2% – 4.4% |   |
| Expected dividend yield         |     |      |             0.0 | % |     |      |             0.0 | % |
| Fair value on the date of grant |     |      |   $1.44 – $1.87 |   |     |      |   $0.96 – $1.29 |   |

14. EQUITY INCENTIVE PLAN

The Company created the 2023 Equity Incentive Plan (the Plan) on April 27, 2023, under which shares of common stock became available for issuance not to exceed 1,500,000 (on a post-reverse split basis). The Stock Plan is designed to attract, retain, and motivate key employees. Currently, the fair value is recognized as an expense over the vesting period of the award. Option awards are generally granted with an exercise price equal to the fair market value, as adjusted for the 1-for-4 reverse split, of the Company’s stock at the date of grant, vest over a five-year period, and expire after ten years. There are certain situations that may accelerate the vesting or termination of all outstanding options, such as a change in control. As of December 31, 2024,