Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 215

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 215
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 There are certain situations that may accelerate the vesting or termination of all outstanding options, such as a change in control. As of December 31, 2023, 930,669 (on a post-reverse split basis) shares were available for grant.

The compensation expenses related to incentive units is included in general and administrative expenses with a corresponding increased to additional paid-in-capital.

| F-53 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

The assumptions used to calculate the fair value of options (on a post-reverse split basis) granted during the year ended December 31, 2023 are as follows:

| Weighted-average volatility |     | 95.00 | % |
| Risk-free rate              |     |  3.88 | % |
| Dividend yield              |     |  0.00 | % |
| Expected term years         |     |    10 |   |

The following is an analysis of options to purchase shares of the Company’s stock issued and outstanding (on a post-reverse split basis) as of December 31, 2023:

| OUTSTANDING – DECEMBER 31, 2022 |     | Share   
 Options |       - |     | Weighted       
 Average        
 Exercise Price |    - |
|:--------------------------------|:----|:--------|--------:|:----|:---------------|-----:|
| Granted                         |     |         | 569,331 |     |                | 0.80 |
| Exercised                       |     |         |       - |     |                |    - |
| OUTSTANDING –                   
 DECEMBER 31, 2023               |     |         | 569,331 |     | $              | 0.80 |

| F-54 |

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

(FORMERLY DRONEDEK CORPORATION)

NOTES TO FINANCIAL STATEMENTS (Continued)</div>

12. EQUITY INCENTIVE PLAN (Continued)

The following is a summary of share options (on a post-reverse split basis) vested and exercisable at December 31, 2023:

| Share   
 Options |        |     | Weighted       
 Average        
 Exercise Price |      |     | Weighted                                 
 Average Remaining Contractual Life-Years |     |     |       Aggregate 
 Intrinsic