Company: SERV
Filing Date: 2025-01-07
Form Type: 424B3
Source: 0001213900-25-001710
Chunk: 56

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B3
Chunk 56
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 retain other brokers or dealers to act as sub-agents
or selected dealers on its behalf in connection with the Offering.

The Company hereby confirms
its agreement with the Placement Agent as follows:

Section 1. Agreement to Act as Placement Agent.

(a) On
the basis of the representations, warranties and agreements of the Company herein contained, and subject to all the terms and conditions
of this Agreement, the Placement Agent shall be the exclusive placement agent in connection with the offering and sale by the Company
of the Shares pursuant to the Company's registration statement on Form S-3 (File No. 333-282389) (the “”),
with the terms of such offering (the “”) to be subject to market conditions and negotiations between the Company,
the Placement Agent and the prospective Investors. The Placement Agent will act on a reasonable best efforts basis and the Company agrees
and acknowledges that there is no guarantee of the successful placement of the Shares, or any portion thereof, in the prospective Offering.
Under no circumstances will the Placement Agent or any of its “Affiliates” (as defined below) be obligated to underwrite or
purchase any of the Shares for its own account or otherwise provide any financing. The Placement Agent shall act solely as 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.

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(b)