Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 136

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 136
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 combination is approved in a prescribed manner. A “business combination” includes, among other things, a merger, asset or stock sale or other transaction resulting in a financial benefit to the interested stockholder. An “interested stockholder” is a person who, together with affiliates and associates, owns, or did own within three years prior to the determination of interested stockholder status, 15% or more of the Company’s voting stock.

Under Section 203, a business combination between a corporation and an interested stockholder is prohibited unless it satisfies one of the following conditions:

| ● | before                                                                                                                               
 the stockholder became interested, the board of directors approved either the business combination or the transaction which resulted 
 in the stockholder becoming an interested stockholder; or                                                                            |
| ● | upon                                                                                                                                 
 consummation of the transaction which resulted in the stockholder becoming an interested outstanding, shares owned by:               |

| ● | persons                                                                                                                             
 who are directors and also officers, and                                                                                            |
| ● | employee                                                                                                                            
 stock plans, in some instances; or                                                                                                  |
| ● | at                                                                                                                                  
 or after the time the stockholder became interested, the business combination was approved by the board of directors are authorized 
 at an annual or special meeting of the stockholders by the affirmative vote of at least two-thirds of the outstanding voting stock  
 which is not owned by the interested stockholder.                                                                                   |

| 59 |

Exclusive Forum for certain lawsuits

Our current certificate of incorporation provides, that unless we consent in writing to the selection of an alternative forum, the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of us, (ii) any action asserting a claim of breach of a fiduciary duty owed by our directors, officers or other employees to us or our stockholders, (iii) any action asserting a claim arising pursuant to any provision of the DGCL, or (iv) any action asserting a claim governed by the internal affairs doctrine, shall be a state or federal court located within the state of Delaware, in all cases subject to the court’s having personal jurisdiction over the indispensable parties named as defendants. Any person or entity purchasing or otherwise acquiring any interest in shares of our capital stock shall be deemed to have notice of and consented to the above forum exclusivity provisions. The enforceability of similar choice of forum provisions in other companies’ certificates of incorporation and bylaws has been challenged in legal proceedings, and it is possible that a court could find these types of provisions to be in