Company: LIDRW
Filing Date: 2025-08-11
Form Type: S-3
Source: 0000947871-25-000731
Chunk: 22

Company: AEye, Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 22
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| · | 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. |

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.

| 16 |

Quorum.Unless otherwise required by the DGCL
or other applicable law, the holders of one-third 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 Capital Stock. The
DGCL does not require stockholder approval for any issuance of authorized shares. However, the listing requirements of NASDAQ, which would