Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 169

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 169
---
 further details).                            |

| b) | 13,333                                                                                      
 restricted shares, subject to a time-based vesting schedule which began July 1, 2021, with  
 shares vesting quarterly (3,333 per quarter), recognized as compensation expense, valued    
 at $7.28 per share (as adjusted for the 1-for-4 reverse split) based on the price per stock 
 issued to investors for cash during 2022.                                                   |

| F-19 |

<div align='center'>ARRIVE TECHNOLOGY INC.

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

10. STOCKHOLDERS’ EQUITY (Continued)

Common Stock (Continued)

| c) | 41,481                                                                                         
 shares issued throughout 2022 with employees or consultants via stock awards, recognized       
 as compensation expense, valued at $7.28 per share (as adjusted for the 1-for-4 reverse split) 
 based on the price per stock issued to investors for cash during 2022.                         |

| d) | 6,500                                                                                        
 restricted shares in February 2022, subject to a time-based vesting schedule, with 1,500     
 immediately awarded, with the residual balance of 5,000 vesting over the next 10 months (500 
 shares a month), fully vested as of December 31, 2022, recognized as compensation expense.   
 The shares were valued at $7.28 (as adjusted for the 1-for-4 reverse split) based on the     
 price per stock issued to investors for cash during 2022.                                    |

| e) | 82,037                                                                                        
 shares throughout 2022 (January, June, July, August, September, October, and December) with   
 accredited investors in exchange for $586,254 at $7.00 per share (as adjusted for the 1-for-4 
 reverse split).                                                                               |

| f) | 35,714                                                                                         
 shares in June 2022 with an accredited investor in exchange for cash of $250,000 at $7.00      
 (as adjusted for the 1-for-4 reverse split). Additionally, as this individual met the required 
 investment threshold, stock warrants were granted (142,857 warrants), but not yet exercised,   
 as disclosed in Note 11.                                                                       |

| g) | 3,906                                                                                       
 shares in October 2022 with an