Company: SERV
Filing Date: 2025-01-07
Form Type: 424B3
Source: 0001213900-25-001716
Chunk: 57

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B3
Chunk 57
---
 the Company’s
agent and not as principal. The Placement Agent shall have no authority to bind the Company with respect to any prospective offer to purchase
Shares and the Company shall have the sole right to accept offers to purchase Shares and may reject any such offer, in whole or in part.
Subject to the terms and conditions hereof, payment of the purchase price for, and delivery of, the Shares shall be made at one or more
closings (each a “” and the date on which each Closing occurs, a “”). As compensation
for services rendered, on each Closing Date, the Company shall pay to the Placement Agent the fees and expenses set forth below:

(i) A
cash fee (the “”) equal to 5.0% of the gross proceeds received by the Company from the sale of the Shares at
the closing of the Offering (the “”) to any Investor in the Offering.

(ii) The
Company also agrees to reimburse Placement Agent’s reasonable out-of-pocket accountable expenses incurred in connection with the
Offering, including the expenses of the Placement Agent’s counsel (with supporting invoices/receipts), in an amount up to $50,000,
payable immediately upon the Closing of the Offering.

<div align='center'>42</div>

(b) The
term of the Placement Agent’s exclusive engagement will be until the Closing (the “”); ,
, that a party hereto may terminate the engagement with respect to itself at any time upon 10 days written notice to the
other parties. Notwithstanding anything to the contrary contained herein, the provisions concerning confidentiality, indemnification and
contribution contained herein and the Company’s obligations contained in the indemnification provisions will survive any expiration
or termination of this Agreement, and the Company’s obligation to pay fees actually earned and payable and to reimburse expenses
actually incurred and reimbursable pursuant to Section 1 hereof and which are permitted to be reimbursed under FINRA Rule 5110(g), will
survive any expiration or termination of this Agreement. Nothing in this Agreement shall be construed to limit the ability of the Placement
Agent or its Affiliates to pursue, investigate, analyze, invest in, or engage in investment banking, financial advisory or any other business
relationship with Persons (as defined below) other than the Company. As used herein (i) “Persons” means an individual or corporation,
partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government