Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 54

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 54
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 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) | the Company has delivered to the trustee an officers’ certificate and an opinion of counsel, in each case stating that all conditions 
 precedent provided for in such indenture relating to the defeasance contemplated have been complied with;                             |

| (f) | if the debt securities are to be redeemed prior to their maturity, notice of such redemption shall have been duly given or in another 
 manner satisfactory to the trustee; and                                                                                               |

| (g) | any such defeasance or covenant defeasance shall comply with any additional or substitute terms provided for by the terms of such 
 debt securities of such series.                                                                                                   |

Notwithstanding a defeasance or covenant defeasance,
the Company’s obligations with respect to the following in respect of debt securities of such series will survive with respect to
such securities until otherwise terminated or discharged under the terms of the indenture or no debt securities of such series are outstanding:

| (a) | the rights of holders of outstanding debt securities of such series to receive payments in respect of the principal of, interest on      
 or premium or additional amounts, if any, payable in respect of, such debt securities when such payments are due from the trust referred 
 in clause (a) in the preceding paragraph, and any rights of such holder to convert or exchange such debt securities into common stock    
 or other securities, cash or other property;                                                                                             |

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| (b) | the issuance of temporary debt securities, the registration, transfer and exchange of debt securities, the replacement of mutilated,    
 destroyed, lost or stolen debt securities and the maintenance of an office or agency for payment and holding payments in trust, and the 
 Company’s obligations with respect to the payment of additional amounts, if any, on such securities, and with respect