Company: ARAI
Filing Date: 2025-01-27
Form Type: S-1/A
Source: 0001493152-25-003660
Chunk: 147

Company: Arrive AI Inc.
Filing Date: 2025-01-27
Form: S-1/A
Chunk 147
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 Stock by a Non-U.S. Holder made to or through a non-U.S. office of a broker generally will not be subject to backup withholding and information reporting, except as noted below. Information reporting, but not backup withholding, will apply to a payment of proceeds, even if that payment is made outside of the United States, if you sell our Common Stock through a non-U.S. office of a broker that is:

| ● | a                                                                                                                                   
 U.S. person (including a foreign branch or office of such person);                                                                  |
| ● | a                                                                                                                                   
 “controlled foreign corporation” for U.S. federal income tax purposes;                                                              |
| ● | a                                                                                                                                   
 foreign person 50% or more of whose gross income from certain periods is effectively connected with a U.S. trade or business; or    |
| ● | a                                                                                                                                   
 foreign partnership if at any time during its tax year (a) one or more of its partners are U.S. persons who, in the aggregate, hold 
 more than 50% of the income or capital interests of the partnership or (b) the foreign partnership is engaged in a U.S. trade or    
 business, unless the broker has documentary evidence that the beneficial owner is a Non-U.S. Holder and certain other conditions    
 are satisfied, or the beneficial owner otherwise establishes an exemption (and the broker has no actual knowledge or reason to know 
 to the contrary).                                                                                                                   |

Backup withholding is not an additional tax. Any amounts withheld under the backup withholding rules may be allowed as a refund or a credit against a Non-U.S. Holder’s U.S. federal income tax liability, provided the required information is timely furnished to the IRS.

Foreign Account Tax Compliance Act

A U.S. federal withholding tax of 30% may apply to dividends and the gross proceeds of a disposition of our Common Stock paid to a foreign financial institution (as specifically defined by the applicable rules) unless such institution enters into an agreement with the U.S. government to withhold on certain payments and to collect and provide to the U.S. tax authorities substantial information regarding U.S. account holders of such institution (which includes certain equity holders of such institution, as well as certain account holders that are foreign entities with U.S. owners). This U.S. federal withholding tax of 30% will also apply to dividends and the gross proceeds of a disposition of our Common Stock paid to a non-financial foreign entity unless such entity provides the withholding agent with either a certification that it does not have any substantial