Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 52

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 52
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us relating thereto.

Repurchases on the Open Market

The Company or any affiliate of the Company may
at any time or from time to time repurchase any debt security in the open market or otherwise. Such debt securities may, at the option
of the Company or the relevant affiliate of the Company, be held, resold or surrendered to the trustee for cancellation.

Discharge, Defeasance and Covenant Defeasance

The indenture provides, with respect to each series
of debt securities issued thereunder, that the Company may satisfy and discharge its obligations under such debt securities of a series
and such indenture with respect to debt securities of such series if:

| (a) | all debt securities of such series previously authenticated and delivered, with certain exceptions, have been delivered to the trustee 
 for cancellation; or                                                                                                                   |

| (b) |

| i. | the debt securities of such series have become due and payable, or mature within one year, or all of them are to be called for redemption        
 within one year under arrangements satisfactory to the trustee for giving the notice of redemption and the Company irrevocably deposits          
 in trust with the trustee, as trust funds solely for the benefit of the holders of such debt securities, for that purpose, money or governmental 
 obligations or a combination thereof sufficient (in the opinion of a nationally recognized independent registered public accounting firm         
 expressed in a written certification thereof delivered to the trustee) to pay and discharge the entire indebtedness on the debt securities       
 of such series to maturity or redemption, as the case may be, and pays all other sums payable by it under such indenture; and                    |

| ii. | the Company delivers to the trustee an officers’ certificate and an opinion of counsel, in each case stating that all conditions          
 precedent provided for in such indenture relating to the satisfaction and discharge of such indenture with respect to the debt securities 
 of such series have been complied with.                                                                                                   |

Notwithstanding such satisfaction and discharge,
the obligations of the Company to compensate and indemnify the trustee, to pay additional amounts, if any, in respect of debt securities
in certain circumstances and to convert or exchange debt securities pursuant to the terms thereof and the obligations of the Company and
the trustee to hold funds in trust and to apply such funds pursuant to the terms of the indenture, with respect to issuing temporary debt
securities, with respect to the registration, transfer and exchange of debt securities, with respect to the replacement of mutilated,
destroyed