Company: ARAI
Filing Date: 2025-06-17
Form Type: S-1
Source: 0001641172-25-015428
Chunk: 105

Company: Arrive AI Inc.
Filing Date: 2025-06-17
Form: S-1
Chunk 105
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 reasons known that those maintenance fees will not       
 be paid when they become due.                                                                                                            |
| ● | Maintenance fees are payments to keep the patents active (alive). These                                                                  
 payments are made to the Patenting agency for that country or nation. For example, in the U.S., the regulatory action and fees are       
 made to the USPTO. For other countries, the payment of fees is commonly paid to the patent regulatory office, specific for each country, 
 where the patent application was originally examined, approved, and issued.                                                              |
| ● | The regulatory maintenance fee (often called an annuity) is paid every                                                                   
 year for most countries. However, for patents issued from the USPTO, the maintenance fee for each of the issued patent is due at         
 3 to 3.5 years, then at 7 to 7.5 years, and finally 11 to 11.5 years, respectively, after the date of issue with no early payment        
 options. In the event of a late payment, there is a “six-month grace period” to reactivate a late, unintentional, missed                 
 payment of the fee, but a surcharge will be incurred during such grace period at 3.5 to 4 years, 7.5 to 8 years, and 11.5 to 12 years,   
 respectively, after the date of issue.                                                                                                   |
| ● | The Company will be responsible for paying patent issue fee, maintenance                                                                 
 fees, and annuity fees due on each patent granted, transferred or licensed to it.                                                        |

| 46 |

Recent Developments and Current Licenses Held

Securities Purchase Agreement between Arrive AI Inc. and Streeterville Capital LLC

On March 21, 2025, the Company entered into a
Securities Purchase Agreement (the “Securities Purchase Agreement”) with Streeterville Capital LLC (“Streeterville”).
Under the Securities Purchase Agreement, Streeterville agrees to purchase an amount of up to $40,000,000 in pre-paid purchases of the
Company’s common stock, $0.0002 par value per share. The original principal amount is a $4,330,000 pre-paid purchase with a $4,000,000
initial purchase price and $320,000 original issue discount. In addition, the Company agrees to pay $10,000 to cover Streeterville’s
transaction expenses, along with 62,500 shares of common stock issued as a commitment fee and 2,