Company: ARAI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023999
Chunk: 23

Company: Arrive AI Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 23
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 required under the exchange rules. Streeterville may accelerate the Company’s obligation to pay, with default interest at 15%
and all outstanding balance becoming immediately due and payable in cash, upon the occurrence of certain events of default include nonpayment,
insolvency, covenant breaches, and certain corporate transactions. The Company closed this Pre-Paid Purchase No. 2 on August 11, 2025, and
received $4,000,000 in proceeds. The foregoing description of the Pre-Paid Purchase No. 2 is not complete
and is qualified in its entirety by reference to the text of such document, which is filed as an exhibit to this quarterly report on Form
10-Q.

Maxim Group LLC (“Maxim”) acted as placement
agent for the Pre-Paid Purchase No. 2 and will receive a cash fee equal to 6.0% of the gross proceeds received by us in connection with
this transaction. Maxim will also receive a cash fee equal to 6.0% of the gross proceeds from any future pre-paid purchases made pursuant
to the Streeterville Purchase Agreement.

Item
6. Exhibits

The
following exhibits are filed as part of this Report.

EXHIBIT
INDEX

    Exhibit
    No.
     
    Description
  
    4.1
     
    2023 Equity Incentive Plan (incorporated by reference to Exhibit 4.1 to our registration statement on Form S-8 filed on June 13, 2025)
  
    10.1
     
    Securities Purchase Agreement between Arrive AI Inc. and Streeterville Capital LLC (incorporated by reference to Exhibit 10.11 to our registration statement on Form S-1 filed on June 17, 2025)
  
    10.2*
     
    Pre-Paid Purchase No. 2, dated August 11, 2025, by and between Arrive AI Inc. and Streeterville Capital LLC
  
    31.1*
     
    Section 302 Certification of Chief Executive Officer
  
    31.2*
     
    Section 302 Certification of Chief Financial Officer
  
    32.1*
     
    Section 906 Certifications of Chief Executive Officer
  
    32.2*
     
    Section 906 Certifications of Chief Financial Officer
  
    101 INS**
     
    INSTANCE DOCUMENT
  
    101 SCH**
     
    SCHEMA DOCUMENT
  
    101 CAL**
     
    CALC