Company: ARAI
Filing Date: 2025-06-17
Form Type: S-1
Source: 0001641172-25-015428
Chunk: 133

Company: Arrive AI Inc.
Filing Date: 2025-06-17
Form: S-1
Chunk 133
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a modification of such Non-Qualified Stock Options within the meaning of Section 409A of the Code.

Effect Of a Change in Control

In the event of a Change in Control, the Plan
administrator may, but shall not be obligated to (i) accelerate, vest or cause the restrictions to lapse with respect to all or any portion
of any award, (ii) cancel awards and cause to be paid to the holders of vested awards the value of such awards, if any, as determined
by the committee, in its sole discretion, it being understood that in the case of any option with an exercise price that equals or exceeds
the price paid for a share of common stock in connection with the change in control or any stock appreciation right with a base value
that equals or exceeds the price paid for a share of common stock in connection with the change in control, the committee may cancel
the option or stock appreciation right, as applicable, without the payment of consideration therefor, (iii) provide for the issuance
of substitute awards or the assumption or replacement of such awards, or (iv) provide written notice to participants that for a reasonable
period prior to the change in control, such awards shall be exercisable, to the extent applicable, as to all shares of common stock subject
thereto and upon the occurrence of the change in control, any awards not so exercised shall terminate and be of no further force and
effect. The obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from
the merger, consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to all
or substantially all of the assets and business of the Company and its affiliates, taken as a whole.

Restrictions on Transfer

No Award under the Plan or any award agreement
and no rights or interests therein, shall or may be assigned, transferred, sold, exchanged, encumbered, pledged or otherwise hypothecated
or disposed of by a participant except (i) by will or by the laws of descent and distribution, or (ii) except for an incentive stock
option, in the sole discretion of the Plan administrator, by gift to any family member of the participant. An award may be exercisable
during the lifetime of the participant only by such participant or by the participant’s guardian or legal representative unless
it has been transferred by gift to a family member of the participant, in which case it shall be exercisable solely by such transferee.
Notwithstanding any such