Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 129

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 129
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2.                                                                |
| (6)  | 126,250 options at $10.784 per share fair value (after giving effect                                                                  
 to the Reverse Stock Split) based on Black Scholes analysis as disclosed in the December 31, 2023 financial statements.               |
| (7)  | 384,272 options at $10.784 per share fair value (after giving effect                                                                  
 to the Reverse Stock Split) based on Black Scholes analysis as disclosed in the December 31, 2023 financial statements.               |
| (8)  | 3,214.50 shares at $11.08 per share fair value (after giving effect                                                                   
 to the Reverse Stock Split) based on average of share sales during 2023. 50,000 options at $10.784 per share fair value (after giving 
 effect to the Reverse Stock Split) based on Black Scholes analysis as disclosed in the December 31, 2023 financial statements.        |
| (9)  | 30,000 shares at $11.08 per share fair value (after giving effect to                                                                  
 the Reverse Stock Split) based on average of share sales during 2023.                                                                 |
| (10) | 1,754.5 options at $11.752 per share fair value (after giving effect                                                                  
 to the Reverse Stock Split) based on Black Scholes analysis as disclosed in the December 31, 2024 financial statements.               |
| (11) | 30,000 options at $11.752 per share fair value (after giving effect                                                                   
 to the Reverse Stock Split) based on Black Scholes analysis as disclosed in the December 31, 2024 financial statements.               |

Employment Agreements

Other than as set forth below the Company does
not have an employment agreement with any member of the Company’s management team or any members of the Board. However, the Company
plans to enter into executive employment agreements with the Company’s management team.

Mark Hamm, COO

On June 1, 2022, the Company entered into an
employment agreement with Mr. Hamm as its Chief Operating Officer on at-will basis (“Hamm Agreement”). Pursuant to the Hamm
Agreement, Mr. Hamm will receive an annual salary of $240,000. He is eligible to receive stock options at a quantity, issue, and strike
price will be such that at a company valuation of $1 billion USD valuation, the net value