Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 38

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 38
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 Amended and Restated Bylaw Provisions

Our amended and restated certificate of incorporation and our amended and restated bylaws include a number of provisions that may have the effect of deterring hostile takeovers, or delaying or preventing changes in control of our management team or changes in our board of directors or our governance or policy, including the following:

| ● | Board                                                                                            
 Vacancies. Our amended and restated bylaws and certificate of incorporation provide, subject     
 to the special rights of the holders of any series of preferred stock to elect directors,        
 that any vacancy on the board of directors may be filled by the affirmative vote of a majority   
 of the directors then in office, even if less than a quorum, or by a sole remaining director,    
 and not by the stockholders, unless (a) the board of directors determines by resolution that     
 any such vacancies or newly created directorships shall be filled by the stockholders or         
 (b) as otherwise provided by law. Any director chosen to fill a vacancy will hold office         
 until the expiration of the term of the class for which he or she was elected and until his      
 or her successor is duly elected and qualified, or until his or her earlier death, resignation,  
 disqualification or removal. In addition, the number of directors constituting the total         
 number of authorized directors whether or not there exist any vacancies in previously authorized 
 directorships (the “Whole Board”) is permitted to be set only by a resolution                    
 adopted by a majority of the Whole Board. These provisions prevent a stockholder from increasing 
 the size of our board of directors and gaining control of our board of directors by filling      
 the resulting vacancies with its own nominees. This makes it more difficult to change the        
 composition of the board of directors, but promotes continuity of management.                    |

| ● | Classified                                                                                       
 Board. Our amended and restated certificate of incorporation and amended and restated bylaws     
 provide that our board of directors is classified into three classes of directors. The existence 
 of a classified board of directors could delay a successful tender offeror from obtaining        
 majority control of our board of directors, and the prospect of that delay might deter a         
 potential offeror. See the section titled “Classified Board of Directors” for                    
 additional information.                                                                          |

| ● | Directors                                                                                  
 Removed Only for Cause. Our amended and restated certificate of incorporation provide that 
 stockholders may remove directors only for cause and only by the affirmative vote of the   
 holders of at least two-thirds