Company: ARAI
Filing Date: 2025-06-17
Form Type: S-1
Source: 0001641172-25-015428
Chunk: 120

Company: Arrive AI Inc.
Filing Date: 2025-06-17
Form: S-1
Chunk 120
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 independent directors. The Nasdaq marketplace rules further require that audit
committee members satisfy independence criteria set forth in Rule 10A-3 under the Exchange Act and that compensation committee members
satisfy the independence criteria set forth in Rule 10C-1 under the Exchange Act. These rules require that our Audit and Finance Committee
be composed of at least three (3) members, one of whom must be independent on the date of listing on Nasdaq, a majority of whom must
be independent by within 90 days of the effective date of our Direct Listing Registration Statement, and all of whom must be independent
within one year of the effective date of our Direct Listing Registration Statement.

Our Board has affirmatively determined that each
of John Gallina, Kevin McAdams, Bill Stafford and Laurie Tucker qualify as an independent director, as defined under the applicable corporate
governance standards of Nasdaq.

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Board Leadership

Daniel O’Toole is the Chairman of the Board.
Daniel O’Toole is our Chief Executive Officer and Director.

The Board does not have a lead independent director.
To help ensure the independence of the Company’s Board, the independent directors of the Board generally meet without members of
management at various times during the year.

Board Committees and Meetings

The Board intends to establish three committees,
the Audit and Finance Committee, the Compensation Committee and the Corporate Governance and Nominating Committee, to assist with the
performance of the Company’s responsibilities. The initial composition of these committees will be initially set by the Board in
its discretion. Going forward, the Board will designate the members of these committees and the committee chairs based on the recommendation
of the Corporate Governance and Nominating Committee. The Board has adopted written charters for each of these committees, which will
be available on the investor relations section of our website at Arriveai.com. Copies will also be available in print to any stockholder
upon written request. The chair of each committee will develop the agenda for that committee and determine the frequency and length of
committee meetings.

The Board will hold quarterly meetings. Directors
will be expected to attend Board meetings, the Annual Meeting of Stockholders and meetings of the committees on which they serve, with
the understanding that on occasion a director may be unable to attend a meeting.

Audit and Finance Committee

The Board formally established an Audit and Finance
Committee in October 2023. The Audit and Finance Committee is composed of three (3) members, John Gallina, Kevin