Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 126

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 126
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 promulgated by the Securities and Exchange Commission
(the “SEC”) pursuant to the Sarbanes-Oxley Act of 2012. The Board has further determined that each member of the Audit and
Finance Committee is financially literate and that at least one member of the committee has accounting or related financial management
expertise, as such terms are interpreted by the Board in its business judgment.

| 54 |

Compensation Committee

The Board formally established a Compensation
Committee in October 2023. The Compensation Committee is composed of one (2) independent director (as defined under the general independence
standards of the Nasdaq listing standards and our Corporate Governance Guidelines): Laurie Tucker, a “non-employee director”
(within the meaning of Rule 16b-3 of the Exchange Act), serves as chair of the Compensation Committee. Bill Stafford and Mark Hamm, Chief
Operating Officer, also serve on the committee. The committee’s primary duties are to:

| ● | approve corporate goals and objectives relevant to executive officer                            
 compensation and evaluate executive officer performance in light of those goals and objectives; |
| ● | determine and approve executive officer compensation, including base                            
 salary and incentive awards;                                                                    |
| ● | make recommendations to the Board regarding compensation plans; and                             |
| ● | administer any stock plan, equity incentive plan, inducement plan or                            
 other compensation plan adopted for the benefit of our employees and/or directors.              |

The Compensation Committee will determine and
approve all elements of executive officer compensation. It will also provide recommendations to the Board with respect to non-employee
director compensation. The Compensation Committee may not delegate its authority to any other person, other than to a subcommittee.

Corporate Governance and Nominating Committee

Our Board formally established a Corporate Governance
and Nominating Committee in October 2023. The Corporate Governance and Nominating Committee is composed of one (1) independent director
(as defined under the general independence standards of the Nasdaq listing standards and our Corporate Governance Guidelines): Kevin
McAdams, a “non-employee director” (within the meaning of Rule 16b-3 of the Exchange Act), serves as chair of the committee.
John Ritchison also serves on the committee. The committee’s primary duties are to:

| ● | recruit new directors, consider director nominees recommended by stockholders              
 and others and recommend nominees for election as directors;                               |
| ● | review the size and composition of our Board and committees;                               |
| ● | oversee the evaluation