Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 209

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 209
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 the grant date.                                                      |

10. STOCKHOLDERS’ EQUITY (Continued)

Common Stock (Continued)

| b) | 76,360                                                                                           
 shares issued with employees or consultants via stock awards, subject to a performance threshold 
 and time-based vesting schedule, recognized as compensation expense, valued at $11.08 per        
 share (as adjusted for the 1-for-4 reverse split) based on the average price per stock issued    
 to investors for cash in 2023.                                                                   |

| F-48 |

<div align='center'>ARRIVE TECHNOLOGY INC.

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

| c) | 8,750                                                                                         
 restricted shares in January 2023, subject to a milestone-based vesting schedule, with shares 
 vesting ratably over seven milestones, recognized as compensation expense. The shares were    
 valued at $11.08 per share (as adjusted for the 1-for-4 reverse split) based on the average   
 price per stock issued to investors for cash in 2023.                                         |

| d) | 34,800                                                                                    
 shares during 2023 (January, May, July, August, and October) with accredited investors in 
 exchange for $389,753 at $11.20 per share (as adjusted for the 1-for-4 reverse split).    |

| e) | 5,715                                                                                    
 shares in June 2023 with an accredited investor in exchange for cash of $40,002 at $7.00 
 per share (as adjusted for the 1-for-4 reverse split).                                   |

| f) | 87,169                                                                                        
 shares through a crowdfunding campaign with other investors in 2023 in exchange for net cash  
 and services in kind of $881,969 and $34,679, respectively, at an average of $10.52 per share 
 (as adjusted for the 1-for-4 reverse split).                                                  |

| g) | 44,086                                                                                          
 shares issued through a crowdfunding campaign with other investors in November 2023 in exchange 
 for net cash of $520,708, at an average of $11.80 per share (as adjusted for the 1-for-4        
 reverse split).                                                                                 |

| h) | 94,573                                                                                          
 shares issued as consideration for an asset purchase agreement with AirBox executed on December 
 5, 2023