Company: ARAI
Filing Date: 2025-06-17
Form Type: S-1
Source: 0001641172-25-015428
Chunk: 147

Company: Arrive AI Inc.
Filing Date: 2025-06-17
Form: S-1
Chunk 147
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 stock held by stockholders. In general, Section 203 prohibits a publicly held Delaware corporation from engaging
in a “business combination” with an “interested stockholder” for a three-year period following the time that
such stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed manner. A “business
combination” includes, among other things, a merger, asset or stock sale or other transaction resulting in a financial benefit
to the interested stockholder. An “interested stockholder” is a person who, together with affiliates and associates, owns,
or did own within three years prior to the determination of interested stockholder status, 15% or more of the Company’s voting
stock.

Under Section 203, a business combination between
a corporation and an interested stockholder is prohibited unless it satisfies one of the following conditions:

| ● | before the stockholder became interested, the board of directors approved                                                   
 either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder; or |
| ● | upon consummation of the transaction which resulted in the stockholder                                                      
 becoming an interested outstanding, shares owned by:                                                                        |

| ● | persons who are directors and also officers, and                                                                                         |
| ● | employee stock plans, in some instances; or                                                                                              |
| ● | at or after the time the stockholder became interested, the business                                                                     
 combination was approved by the board of directors are authorized at an annual or special meeting of the stockholders by the affirmative 
 vote of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.                            |

| 65 |

Exclusive Forum for certain lawsuits

Our current certificate of incorporation provides,
that unless we consent in writing to the selection of an alternative forum, the sole and exclusive forum for (i) any derivative action
or proceeding brought on behalf of us, (ii) any action asserting a claim of breach of a fiduciary duty owed by our directors, officers
or other employees to us or our stockholders, (iii) any action asserting a claim arising pursuant to any provision of the DGCL, or (iv)
any action asserting a claim governed by the internal affairs doctrine, shall be a state or federal court located within the state of
Delaware, in all cases subject to the court’s having personal jurisdiction over the indispensable parties named as defendants.
Any person or entity purchasing or otherwise acquiring any interest in shares of our capital stock shall be deemed to have notice