Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 200

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 200
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 F-53 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

| 13. | EQUITY                     
 INCENTIVE PLAN (Continued) |

The assumptions used to calculate the fair value of options (on a post-reverse split basis) granted during the nine months ended September 30, 2024 are as follows:

| Weighted-average 
 volatility       |     | 95.00 | % |
| Risk-free        
 rate             |     |  3.81 | % |
| Dividend         
 yield            |     |  0.00 | % |
| Expected         
 term years       |     |    10 |   |

The following is an analysis of options to purchase shares of the Company’s stock issued and outstanding (on a post-reverse split basis) as of September 30, 2024:

|                      |     | Share   
 Options |         |   |     | Weighted       
 Average        
 Exercise Price |      |
|:---------------------|:----|:--------|--------:|:--|:----|:---------------|-----:|
| OUTSTANDING          
 – DECEMBER 31, 2023  |     |         | 569,331 |   |     | $              | 0.80 |
| Granted              |     |         |  45,563 |   |     |                | 0.76 |
| Cancelled            |     |         |    (192 | ) |     |                | 0.76 |
| OUTSTANDING          
 – SEPTEMBER 30, 2024 |     |         | 614,702 |   |     | $              | 0.80 |

The following is a summary of share options (on a post-reverse split basis) vested and exercisable at September 30, 2024:

| Share   
 Options |     | Weighted       
 Average        
 Exercise Price |      |     | Weighted                                 
 Average Remaining Contractual Life-Years |     |     | Aggregate       
 Intrinsic Value |           |
|:--------|:----|:---------------|-----:|:----|:-----------------------------------------|----:|:----|:----------------|----------:|
| 139,325 |     | $              | 0.80 |     |                                          | 9.1 |     | $               | 1,649,601