Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 131

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 131
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ensor with no further rights for such product or obligations of licensor to licensee, however if no action is taken by the licensor, the agreement has a term of seven years, a period which may be extended upon mutual consent and in the best interest for both parties. Although Arrive has commenced development of its products, it has not started conducting commercial operations nor the Company has provided the services or marketing during the agreed upon timeframe. This license agreement also contains other customary representations and covenants of agreements of similar type and scope. Through December 31, 2024, the total of payments made to the CEO under the license agreement is $540,000, The Company estimates that the approximate value of the license agreement once the Company starts generating revenue from commercial operations is approximately $17 million over the course of ten years, this is using the formula of $25 per each installed unit and based on management’s internal sales projections of approximately 675,000 units over that period. The foregoing description of the license agreement is not complete and is qualified in its entirety by reference to the text of such document, which is filed as an exhibit to this registration statement.

Products and intellectual property covered by
the exclusive patent license agreement with our CEO:

| Item |     | Patent                                   
 No.                                      |     | Title                                                            |     | Issue            
 Date             |     |           App. 
            No. |     | Inventor       |     | App.              
 Date              |
| 1    |     | US9,840,340B2                            |     | Drone Docking Station and delivery system                        |     | December 12 2017 |     |      14/55,418 |     | Daniel O’Toole |     | December 9, 2014  |
| 2    |     | US10,457,421B2                           |     | Drone Docking Station and delivery system                        |     | October 29, 2019 |     |     15/328,027 |     | Daniel O’Toole |     | January 21, 2017  |
| 3    |     | Pending–PubNoWO2016/094067 June 16, 2016 |     | Drone Docking Station and delivery system                        |     | ---              |     | PCT/US15/62034 |     | Daniel O’Toole |     | November 21, 2015 |
| 4    |     | Trademark App 885225