Company: ARAI
Filing Date: 2025-07-15
Form Type: S-1/A
Source: 0001641172-25-019572
Chunk: 227

Company: Arrive AI Inc.
Filing Date: 2025-07-15
Form: S-1/A
Chunk 227
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 in or not opposed
to the corporation’s best interests and, with respect to any criminal action or proceeding, had no reasonable cause to believe
that his or her conduct was illegal. Our bylaws include such provisions related to our authority to indemnify a director, officer, employee,
fiduciary, or agent.

Section 145 of the DGCL also provides that Delaware
corporation may indemnify any person who is, or is threatened to be made, a party to any threatened, pending, or completed action or
suit by or in the right of the corporation by reason of the fact that such person was a director, officer, employee, or agent of such
corporation, or is or was serving at the request of such corporation as a director, officer, employee, or agent of another corporation
or enterprise. The indemnity may include expenses (including attorneys’ fees) actually and reasonably incurred by such person in
connection with the defense or settlement of such action or suit provided such person acted in good faith and in a manner he or she reasonably
believed to be in or not opposed to the corporation’s best interests, except that no indemnification is permitted without judicial
approval if the officer or director is adjudged to be liable to the corporation.

Under the DGCL, where an officer or director
is successful on the merits or otherwise in the defense of any action referred to above, the corporation must indemnify him or her against
the expenses which such officer or director has actually and reasonably incurred. Article VI, Section 6.1 of our bylaws contains a mandatory
indemnification provision, which requires us to indemnify a person in the defense of any proceeding to which the person was a party because
the person is or was a director or officer, against reasonable expenses incurred by him or her in connection with the proceeding.

Section 102(b)(7) of the DGCL permits a corporation
to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to the corporation or
its stockholders for monetary damages for breach of fiduciary duties as a director, except for liability for any:

| ● | 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