Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 136

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 136
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 surrender by the participant of the participant’s right to exercise
the equivalent portion of the related option (and when a share of common stock is purchased under the related option, an equivalent portion
of the related tandem stock appreciation right shall be cancelled); (c) the tandem stock appreciation right shall expire no later than
the date of the expiration of the related option; (d) the value of the payment with respect to the tandem stock appreciation right may
be no more than 100% of the difference between the exercise price under the related option and the fair market value of a share of common
stock subject to the related option at the time the tandem stock appreciation right is exercised, multiplied by the number of shares
of common stock with respect to which the tandem stock appreciation right is exercised; and (e) the tandem stock appreciation right may
be exercised only when the fair market value of a share of common stock subject to the related option exceeds the exercise price under
the related option.

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Termination of Plan

The Plan shall continue in effect, unless sooner
terminated, until the 10th anniversary of the earlier of the date on which it is adopted by the Board or the date on which it is approved
by the shareholders of the Company (in either case, except as to awards outstanding on such date). The Board, in its discretion, may
terminate the Plan at any time with respect to any shares of common stock for which awards have not theretofore been granted; provided,
however, that the plan’s termination shall not materially and adversely impair the rights of a participant with respect to any
award theretofore granted without the written consent of the participant.

Adjustments Upon Changes in Common Stock

In the event of changes in the outstanding common
stock or in the capital structure of the company by reason of any stock or extraordinary cash dividend, stock split, reverse stock split,
an extraordinary corporate transaction such as any recapitalization, reorganization, merger, consolidation, combination, exchange, or
other relevant change in capitalization occurring after the grant date of any award, awards granted under the Plan and any award agreements,
the exercise price of options, the base value of stock appreciation rights, and the maximum number of shares of common stock will be
equitably adjusted or substituted, as to the number, price or kind of a share of common stock or other consideration subject to such
awards to the extent necessary to preserve the economic intent of such award. in the case of adjustments unless the committee