Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 32

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 32
---
 Amended                                                                                   
 Charter and Amended Bylaws provide that stockholders may remove our directors only for cause; |

| · | Our Amended                                                                                
 Charter and Amended Bylaws provide that stockholders who wish to bring business before the 
 stockholders at our annual meeting must provide advance notice;                            |

| · | Our Amended                                                                                          
 Charter and Amended Bylaws provide that, except for limited exceptions, any action required          
 or permitted to be taken by the stockholders must be effected by a duly called annual or             
 special meeting of such stockholders and may not be effected by written consent of the stockholders; 
 and                                                                                                  |

| · | Our Amended                                                                                 
 Charter and Amended Bylaws provide that special meetings of stockholders may only be called 
 by the chairman of our Board, our Chief Executive Officer of our Board pursuant to          
 a resolution adopted by a majority of our Board.                                            |

Our Amended Charter and Amended Bylaws also provide that, unless we consent
in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware will be the sole and exclusive forum
for:

| · | Any derivative                              
 action or proceeding brought on our behalf; |

| · | Any action                                                                                       
 asserting a claim of breach of a fiduciary duty owed by any director, officer, or other employee 
 of the Company to us or our stockholders;                                                        |

| · | Any action                                                                          
 asserting a claim arising pursuant to any provision of the DGCL or our Charters; or |

| · | Any action                                                   
 asserting a claim governed by the internal affairs doctrine. |

| 19 |

Our Amended Charter and Amended Bylaws further provide that any person
or entity purchasing or otherwise acquiring any interest in shares of capital stock of the company is deemed to have notice of and consented
to the foregoing provision.

Quorum.Unless otherwise required by the DGCL or other applicable
law, the holders of a majority of the voting power of our capital stock issued and outstanding and entitled to vote thereat, present in
person or represented by proxy, will constitute a quorum at all meetings of the stockholders for the transaction of business except as
otherwise required by law or provided by the certificate of incorporation. If, however, such quorum will not be present or represented
at any meeting of the stockholders, such stockholders will have power to adjourn the meeting from time to time until a quorum shall attend.

Authorized but Unissued