Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 50

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 50
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 such series not joining in such direction. The right of a holder to institute a proceeding with respect to a
series of debt securities will be subject to certain conditions precedent including, without limitation, that in case of an event of default
specified in clause (a), (b) or (e) of the first paragraph above under “- Events of Default,” holders of at least 25%, or
in case of an event of default other than specified in clause (a), (b) or (e) of the first paragraph above under “- Events of Default”,
holders of at least a majority, in aggregate principal amount of the debt securities of such series then outstanding make a written request
upon the trustee to exercise its powers under such indenture, indemnify the trustee and afford the trustee reasonable opportunity to act.
Notwithstanding the foregoing, the holder has an absolute right to receipt of the principal of, premium, if any, and interest when due
on the debt securities, to require conversion of debt securities if such indenture provides for convertibility at the option of the holder
and to institute suit for the enforcement thereof.

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Consolidation, Merger and Sale of Assets

The indenture provides that the Company may not
directly or indirectly consolidate with or merge with or into, or sell, assign, transfer, lease, convey or otherwise dispose of all or
substantially all of its assets and properties and the assets and properties of its subsidiaries (taken as a whole) to another person
in one or more related transactions unless the successor person is a person organized under the laws of any domestic jurisdiction and
assumes the Company’s obligations on the debt securities issued thereunder, and under the indenture, and after giving effect thereto
no event of default, and no event that, after notice or lapse of time or both, would become an event of default, shall have occurred and
be continuing, and that certain other conditions are met.

Certain Covenants

Payment of Principal, any Premium, Interest or Additional Amounts. The Company will duly and punctually pay the principal of, and premium and interest on or any additional amounts
payable with respect to, any debt securities of any series in accordance with their terms.

Maintenance of Office or Agency. The Company
will be required to maintain an office or agency in each place of payment for each series of debt securities for notice and demand purposes
and for the purposes of presenting or surrendering debt securities for