Company: SERV
Filing Date: 2025-03-06
Form Type: S-3
Source: 0001213900-25-021234
Chunk: 28

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-03-06
Form: S-3
Chunk 28
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, 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 due and payable. If an event of default described in (e) above shall occur and be continuing then the principal amount (or, in the
case of discounted debt securities, the amount specified in the terms thereof) of all the debt securities outstanding shall be and become
due and payable immediately, without notice or other action by any holder or the trustee, to the full extent permitted by law. Any past
or existing default or event of default with respect to particular series of debt securities under such indenture may be waived by the
holders of a majority in aggregate principal amount of the outstanding debt securities of such series, except in each case a continuing
default (1) in the payment of the principal of, any premium or interest on, or any additional amounts with respect to, any debt security
of such series, or (2) in respect of a covenant or provision which cannot be modified or amended without the consent of each holder affected
thereby.

The indenture provides that the Company must periodically
furnish the trustee with a written statement as to the Company’s compliance with the covenants contained in the indenture and as
to the absence of default under the indenture terms.

The indenture provides that the trustee may withhold
notice to the holders of any default with respect