Company: ARAI
Filing Date: 2025-05-13
Form Type: S-1/A
Source: 0001641172-25-009841
Chunk: 99

Company: Arrive AI Inc.
Filing Date: 2025-05-13
Form: S-1/A
Chunk 99
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 known that those maintenance fees will   
 not be paid when they become due.                                                              |
| ● | Maintenance                                                                                    
 fees are payments to keep the patents active (alive). These payments are made to the Patenting 
 agency for that country or nation. For example, in the U.S., the regulatory action and fees    
 are made to the USPTO. For other countries, the payment of fees is commonly paid to the patent 
 regulatory office, specific for each country, where the patent application was originally      
 examined, approved, and issued.                                                                |
| ● | The                                                                                            
 regulatory maintenance fee (often called an annuity) is paid every year for most countries.    
 However, for patents issued from the USPTO, the maintenance fee for each of the issued patent  
 is due at 3 to 3.5 years, then at 7 to 7.5 years, and finally 11 to 11.5 years, respectively,  
 after the date of issue with no early payment options. In the event of a late payment, there   
 is a “six-month grace period” to reactivate a late, unintentional, missed payment              
 of the fee, but a surcharge will be incurred during such grace period at 3.5 to 4 years,       
 7.5 to 8 years, and 11.5 to 12 years, respectively, after the date of issue.                   |
| ● | The                                                                                            
 Company will be responsible for paying patent issue fee, maintenance fees, and annuity fees    
 due on each patent granted, transferred or licensed to it.                                     |

| 43 |

Recent Developments and Current Licenses Held

Securities Purchase Agreement between Arrive AI Inc. and Streeterville Capital LLC

On March 21, 2025, the Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with Streeterville Capital LLC (“Streeterville”). Under the Securities Purchase Agreement, Streeterville agrees to purchase an amount of up to $40,000,000 in pre-paid purchases of the Company’s common stock, $0.0002 par value per share. The original principal amount is a $4,330,000 pre-paid purchase with a $4,000,000 initial purchase price and $320,000 original issue discount. In addition, the Company agrees to pay $10,000 to cover Streeterville’s transaction expenses, along with 62,500 shares of common stock issued as a commitment fee and 2,937,500 shares