Company: LIDRW
Filing Date: 2025-05-12
Form Type: POS AM
Source: 0000947871-25-000486
Chunk: 35

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: POS AM
Chunk 35
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 to be taken at any meeting of our Board or of any committee thereof
may be taken without a meeting, if all members of our Board, or committee thereof, as the case may be, consent thereto in writing or by
electronic transmission, and the writing or writings or electronic transmission or transmissions (or paper reproductions thereof) are
filed with the minutes of proceedings of our Board or committee thereof.

Amendment.The DGCL provides generally that the affirmative vote
of a majority of the outstanding stock entitled to vote on amendments to a corporation’s certificate of incorporation or bylaws
is required to approve such amendment, unless a corporation’s certificate of incorporation or bylaws, as the case may be, requires
a greater percentage. The Amended Bylaws may be amended, altered or repealed (A) by the affirmative vote of a majority of our entire Board;
or (B) by the affirmative vote of the holders of at least a majority of the voting power of the shares entitled to vote at an election
of directors.

Limitations on Liability and Indemnification of Officers and Directors.The DGCL authorizes corporations to limit or eliminate the personal liability of directors to corporations and their stockholders
for monetary damages for breaches of directors’ fiduciary duties, subject to certain exceptions. We have entered, and expect to
continue to enter, into agreements to indemnify our directors, executive officers, and other employees as determined by our Board. Under
the terms of such indemnification agreements, we are required to indemnify each of our directors and officers, to the fullest extent permitted
by the laws of the state of Delaware, if the basis of the indemnitee’s involvement was by reason of the fact that the indemnitee
is or was a director or officer of the Company or any of its subsidiaries or was serving at the Company’s request in an official
capacity for another entity. We must indemnify our officers and directors against all expenses, judgments, fines, penalties, and amounts
paid in settlement (if pre-approved), including all costs, expenses, and obligations incurred in connection with investigating, defending,
being a witness in, participating in (including on appeal), or preparing to defend, be a witness or participate in any completed, actual,
pending, or threatened action, suit, proceeding, or alternative dispute resolution mechanism, whether civil, criminal, administrative,
investigative, or other, arising out of the officers’ or directors’ role as an officer or director of the Company, or establishing