Company: SERV
Filing Date: 2025-10-10
Form Type: 424B5
Source: 0001213900-25-098177
Chunk: 52

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-10-10
Form: 424B5
Chunk 52
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”) and (ii) (1) the
Company may omit to comply with the covenant under “- Consolidation, Merger and Sale of Assets” and any other additional covenants
established pursuant to the terms of such series, and such omission shall be deemed not to be an event of default under clause (d) or
(f) of the first paragraph of “- Events of Default” and (2) the occurrence of any event described in clause (f) of
the first paragraph of “- Events of Default” shall not be deemed to be an event of default, in each case with respect
to the outstanding debt securities of such series ((1) and (2) of this clause (ii), “covenant defeasance”); provided that
the following conditions shall have been satisfied with respect to such series:

| (a) | the Company has irrevocably deposited in trust with the trustee as trust funds solely for the benefit of the holders of the debt securities of such series, for payment of the principal of and interest of the debt securities of such series, money or government 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) without consideration of any reinvestment to pay and discharge the principal of and accrued interest on the outstanding debt securities of such series to maturity or earlier redemption, as the case may be; |

| (b) | such defeasance or covenant defeasance will not result in a breach or violation of, or constitute a default under, such indenture or any other material agreement or instrument to which the Company is a party or by which it is bound; |

| (c) | no event of default or event which with notice or lapse of time would become an event of default with respect to such debt securities of such series shall have occurred and be continuing on the date of such deposit; |

| (d) | the Company shall have delivered to such trustee an opinion of counsel as described in the indenture to the effect that the holders of the debt securities of such series will not recognize income, gain or loss for federal income tax purposes as a result of the Company’s exercise of its option under this provision of such indenture and will be subject to federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and defeasance or covenant defeasance had not occurred; |

| (e) |