Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 224

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 224
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| ● | breach                                                                                               
 of a director’s duty of loyalty to the corporation or its stockholders;                              |
| ● | act                                                                                                  
 or omission not in good faith or that involves intentional misconduct or a knowing violation of law; |
| ● | unlawful                                                                                             
 payment of dividends, stock purchase or redemption of shares; or                                     |
| ● | transaction                                                                                          
 from which the director derives an improper personal benefit.                                        |

| II-1 |

Pursuant to Article VI, Section 6.2 of our bylaws, expenses incurred by any officer or director in defending any proceeding in advance of its final disposition shall be paid by us upon delivery to us of an undertaking by or on behalf of such director or officer, to repay all amounts advanced if it should ultimately be determined that such director or officer is not entitled to be indemnified by us.

Section 174 of the DGCL provides, among other things, that a director, who willfully or negligently approves of an unlawful payment of dividends or an unlawful stock purchase or redemption, may be held liable for such actions. A director who was either absent when the unlawful actions were approved, or dissented at the time, may avoid liability by causing his or her dissent to such actions to be entered on the books containing minutes of the meetings of the board of directors at the time such action occurred or immediately after such absent director receives notice of the unlawful acts.

We have an insurance policy covering our officers and directors with respect to certain liabilities, including liabilities arising under the Securities Act, or otherwise.

| Item 
 15.  | Recent                           
 Sales of Unregistered Securities |

From April 30, 2020 through April 18, 2025, we issued an aggregate of 1,093,103 shares of Common Stock to investors in Regulation Crowdfunding offerings, at an average price of $7.00 for gross proceeds of $7,653,362 (after giving effect to the Reverse Stock Split). The sales of the foregoing securities were issued pursuant to the exemption from registration provided by Section 4(a)(6) of the Securities Act. All communications and offers and sales took place through an SEC registered funding portal. The Company will continue to engage in crowdfunding campaigns until the effectiveness of this registration statement.

Additionally, as of April 18, 2025, Arrive has received $4,278,742 in funding from private investors in exchange for 753,293 shares of common stock, and Arrive issued 94,573 shares of common stock in consideration