Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 48

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 48
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 for 30 days in the payment when due of interest on, or any additional amount in respect of, any series of debt securities; |

| (b) | default in the payment of principal of or any premium on any series of the debt securities outstanding under the indenture when due 
 and payable;                                                                                                                        |

| (c) | default in the deposit, if any, of any sinking fund payment when and as due by the terms of any debt security of such series, subject 
 to any cure period that may be specified in any debt security of such series;                                                         |

| (d) | failure by the Company for 60 days after receipt by written notice from the trustee upon instruction from holders of at least 25%            
 in principal amount of the debt securities outstanding of such series to observe or perform any of the other covenants or agreements in      
 the indenture and stating that such notice is a “Notice of Default” pursuant to the indenture; provided, that if such failure                
 cannot be cured within such 60-day period, such period shall be automatically extended by another 60 days so long as (i) such failure        
 is subject to cure and (ii) the Company is using commercially reasonable efforts to cure such failure; and provided, further, that a failure 
 to comply with any such other agreement in the indenture that results from a change in U.S. generally accepted accounting principles shall   
 not be deemed to be an event of default;                                                                                                     |

| (e) | certain events of bankruptcy, insolvency, reorganization or other similar action of the Company; and |

| (f) | any other event of default provided in the indenture with respect to a particular series of debt securities, provided that any such         
 event of default that results from a change in U.S. generally accepted accounting principles shall not be deemed to be an event of default. |

In case an event of default specified in clause
(a) or (b) above shall occur and be continuing with respect to any series of debt securities, holders of at least 25%, and in case an
event of default specified in any clause other than clause (a), (b) or (e) above shall occur and be continuing with respect to any series
of debt securities, holders of at least a majority in aggregate principal amount of the debt securities of such series then outstanding
may declare the principal (or, in the case of discounted debt securities, the amount specified in the terms thereof) of such series to
be