Company: LIDRW
Filing Date: 2025-04-10
Form Type: PREC14A
Source: 0001104659-25-033731
Chunk: 23

Company: AEye, Inc.
Filing Date: 2025-04-10
Form: PREC14A
Chunk 23
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 you will not be able to vote on Proposal 6. If you wish to vote “FOR” Proposal 6, you must
use our GREENuniversal proxy card. In addition, the Company may not permit Proposal 6 to be brought before the Annual Meeting
for a vote of stockholders. In such case, your vote regarding Proposal 6 on our GREENproxy card would not be counted.

Founders Group and the Company
will each be using a universal proxy card for voting on the election of directors at the Annual Meeting, which will include the names
of all nominees for election to the Board. Stockholders will have the ability to vote for up to two (2) nominees on Founders Group’s
enclosed GREEN universal proxy card. Any stockholder who wishes to vote for any combination of the Company’s nominees and
the Founders Group Nominees may do so on Founders Group’s enclosed GREEN universal proxy card. There is no need to use the Company’s white proxy card or voting instruction form, regardless of how you wish to vote.

Stockholders are permitted
to vote for less than two (2) nominees or for any combination (up to two (2) total) of the Founders Group Nominees and the Company’s
nominees on the GREEN universal proxy card. We believe the best opportunity for all of the Founders Group Nominees to be elected
is by voting on the GREENuniversal proxy card. Founders Group therefore urges stockholders using our GREEN universal proxy
card to vote “FOR” all of the Founders Group Nominees.

We believe that voting on
the GREEN universal proxy card provides the best opportunity for stockholders to elect all of the Founders Group Nominees and achieve
the best Board composition overall. Founders Group therefore urges stockholders to use our GREENuniversal proxy card to vote “FOR”
the two (2) Founders Group Nominees.

IMPORTANTLY, IF YOU MARK MORE THAN TWO (2) “FOR” BOXES WITH RESPECT TO THE ELECTION OF DIRECTORS, ALL OF YOUR VOTES FOR THE ELECTION OF DIRECTORS WILL BE DEEMED INVALID.

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QUORUM; BROKER NON-VOTES; DISCRETIONARY VOTING

A quorum is the minimum number
of shares of Common Stock that must be represented at a duly called meeting in person or by proxy in order to legally conduct business
at the meeting under the Company’s Bylaws and Delaware Law