Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 153

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 153
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 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 of
and consented to the above forum exclusivity provisions. The enforceability of similar choice of forum provisions in other companies’
certificates of incorporation and bylaws has been challenged in legal proceedings, and it is possible that a court could find these types
of provisions to be inapplicable or unenforceable.

The forum selection provision is intended to
apply “to the fullest extent permitted by applicable law,” subject to certain exceptions. Section 27 of the Exchange Act
creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules
and regulations thereunder. As a result, the exclusive forum provision will not apply to suits brought to enforce any duty or liability
created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction. In addition, the exclusive forum
provision will not apply to actions brought under the Securities Act, or the rules and regulations thereunder.

Special meeting of stockholders

Our bylaws further provide that special meetings
of our stockholders may be called by the Chairman of the Board, the Board, President of Arrive AI Inc., formerly Arrive Technology Inc.,
or by the Board upon written request by the holders of a majority of the voting authority of Arrive AI Inc.

Removal of directors

Our bylaws provide that a member of our Board
may be removed from service as a director, with or without cause, only by the affirmative vote of the holders of a majority of the shares
of voting stock then outstanding and entitled to vote in an election of directors.

Limitation of Liability and Indemnification of Directors and Officers

Our bylaws provide that our directors and officers
will be indemnified by us to the fullest extent