Company: ARAI
Filing Date: 2025-06-17
Form Type: S-1
Source: 0001641172-25-015428
Chunk: 131

Company: Arrive AI Inc.
Filing Date: 2025-06-17
Form: S-1
Chunk 131
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 sets forth in the applicable
award agreement for a stock appreciation right award the terms and conditions of the stock appreciation right, including (i) the base
value for the stock appreciation right, which for purposes of a stock appreciation right which is not a tandem stock appreciation right,
shall be not less than the fair market value of a share of common stock on the grant date of the stock appreciation right (unless granted
in substitution for an appreciation right previously granted by an entity that is acquired by or merged with the company or an affiliate),
(ii) the number of shares of common stock subject to the stock appreciation right, (iii) the period during which the stock appreciation
right may be exercised; provided, however, that no stock appreciation right shall be exercisable after the expiration of 10 years from
the grant date, and (iv) any other special rules and/or requirements which the committee imposes upon the stock appreciation right. upon
the exercise of all or a portion of a stock appreciation right, the participant shall receive a payment from the company, either in cash
or in the form of shares of common stock having an equivalent fair market value or in a combination of both, as determined, in the sole
discretion of the committee, equal to the product of: (a) the excess of (i) the fair market value of a share of common stock on the date
of exercise, over (ii) the base value, multiplied by; (b) the number of shares of common stock with respect to which the stock appreciation
right is exercised.

Tandem Stock Appreciation Rights.

If the Plan administrator grants a stock appreciation
right which is intended to be a tandem stock appreciation right, the tandem stock appreciation right shall be granted at the same time
as the related option, and the following special rules shall apply: (a) the base value shall be equal to or greater than the exercise
price under the related option; (b) the tandem stock appreciation right may be exercised for all or part of the shares of common stock
which are subject to the related option, but solely upon the surrender by the participant of the participant’s right to exercise
the equivalent portion of the related option (and when a share of common stock is purchased under the related option, an equivalent portion
of the related tandem stock appreciation right shall be cancelled); (c) the tandem stock appreciation right shall expire no later than
the date of the expiration of the related option; (d) the value of the payment with respect to the tandem