Company: SERV
Filing Date: 2025-01-07
Form Type: 424B5
Source: 0001213900-25-001654
Chunk: 53

Company: Serve Robotics Inc. /DE/
Filing Date: 2025-01-07
Form: 424B5
Chunk 53
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, lost or stolen debt securities and with respect to the maintenance of an office or agency for payment, shall in each case survive
such satisfaction and discharge.

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Unless inapplicable to debt securities of a series
pursuant to the terms thereof, the indenture provides that (i) the Company will be deemed to have paid and will be discharged from any
and all obligations in respect of the debt securities issued thereunder of any series, and the provisions of such indenture will, except
as noted below, no longer be in effect with respect to the debt securities of such series (“defeasance”) and (ii) (1) the
Company may omit to comply with the covenant under “- Consolidation, Merger
and Sale of Assets” and any other additional covenants established pursuant to the terms of such series, and such omission shall
be deemed not to be an event of default under clause (d) or (f) of the first paragraph of “- Events of Default” and
(2) the occurrence of any event described in clause (f) of the first paragraph of “- Events of Default” shall not be
deemed to be an event of default, in each case with respect to the outstanding debt securities of such series ((1) and (2) of this clause
(ii), “covenant defeasance”); provided that the following conditions shall have been satisfied with respect to such series:

| (a) | the Company has irrevocably deposited in trust with the trustee as trust funds solely for the benefit of the holders of the debt securities 
 of such series, for payment of the principal of and interest of the debt securities of such series, money or government obligations or      
 a combination thereof sufficient (in the opinion of a nationally recognized independent registered public accounting firm expressed in      
 a written certification thereof delivered to the trustee) without consideration of any reinvestment to pay and discharge the principal      
 of and accrued interest on the outstanding debt securities of such series to maturity or earlier redemption, as the case may be;            |

| (b) | such defeasance or covenant defeasance will not result in a breach or violation of, or constitute a default under, such indenture 
 or any other material agreement or instrument to which the Company is a party or by which it is bound;                            |

| (c) | no event of default or event which with notice or lapse of time would become an event of default with