Company: SERV
Filing Date: 2025-01-07
Form Type: 424B3
Source: 0001213900-25-001716
Chunk: 56

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B3
Chunk 56
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41</div>

Exhibit 10.2

<div align='center'>PLACEMENT AGENCY AGREEMENT

January 7, 2025</div>

NORTHLAND SECURITIES, INC.

150 South Fifth Street, Suite 3300

Minneapolis, MN 55402

Ladies and Gentlemen:

Introduction. Subject
to the terms and conditions herein (this “”), Serve Robotics Inc. a Delaware corporation (the “”),
hereby agrees to sell up to an aggregate of $80.0 million of registered securities of the Company, including, but not limited to, 4,210,525
shares (the “”) of the Company’s common stock, $0.0001 par value per share (the "”)
directly to various investors (each, an “” and, collectively, the “”) through Northland
Securities, Inc. (the “”) as placement agent. The documents executed and delivered by the Company and
the Investors in connection with the Offering (as defined below), including, without limitation, a securities purchase agreement (the
“”), shall be collectively referred to herein as the “.”
The purchase price to the Investors for each Share is $19.00. The Placement Agent may retain other brokers or dealers to act as sub-agents
or selected dealers on its behalf in connection with the Offering.

The Company hereby confirms
its agreement with the Placement Agent as follows:

Section 1. Agreement to Act as Placement Agent.

(a) On
the basis of the representations, warranties and agreements of the Company herein contained, and subject to all the terms and conditions
of this Agreement, the Placement Agent shall be the exclusive placement agent in connection with the offering and sale by the Company
of the Shares pursuant to the Company's registration statement on Form S-3 (File No. 333-282389) (the “”),
with the terms of such offering (the “”) to be subject to market conditions and negotiations between the Company,
the Placement Agent and the prospective Investors. The Placement Agent will act on a reasonable best efforts basis and the Company agrees
and acknowledges that there is no guarantee of the successful placement of the Shares, or any portion thereof, in the prospective Offering.
Under no circumstances will the Placement Agent or any of its “Affiliates” (as defined below) be obligated to underwrite or
purchase any of the Shares for its own account or otherwise provide any financing. The Placement Agent shall act solely as