Company: LIDRW
Filing Date: 2025-05-13
Form Type: DEFA14A
Source: 0000947871-25-000499
Chunk: 5

Company: AEye, Inc.
Filing Date: 2025-05-13
Form: DEFA14A
Chunk 5
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 Dussan and Mr. Wuller, as well as two other
individuals no longer with the Company, unanimously approved, and Mr. Wuller, in his capacity as CFO of the then-AEye business signed,
a nearly $20 million office lease agreement with a seven-year term. At the time, AEye business had no line of sight to any revenue, yet
as executives and members of the board of directors of the Company, Mr. Wuller and Mr. Dussan concluded that entering into such a massive
lease commitment was advisable and approved the transaction. In an attempt to fix the misguided decision made by Mr. Wuller and Mr. Dussan,
the Company was sued by the landlord, and at a significant expense, the Company finally entered into a settlement related to the matter
on April 28, 2025.

| Our Board and management represent the interests of ALL stockholders and are best- 
 positioned to oversee the success and turnaround of AEye.                          |

⁘ Our highly qualified nominees bring critical, business-relevant expertise that is vital to effectively overseeing AEye’s long-term strategy and path to profitability.

The current Board is comprised of proven leaders from industry
giants such as Daimler, Apple, TPG, and ADAC Automotive. The Board took decisive action to remove the Company’s prior leadership
(including a member of the Dissident Group) and installed seasoned professionals who have made significant strides on the road to boosting
stockholder value and addressing underlying business resulting from decisions made or approved by members of the Dissident Group as former
board members and executives of the Company. Our current nominees, Mr. Dunn and Ms. Zeifman, have highly relevant skills in the technology
space that bolster our current business strategy. They are invaluable assets to AEye at this critical moment. We strongly recommend their
re-election for the benefit of the Company and its stockholders.

Timothy Dunn, our Lead Independent Director, has a proven track record of operational excellence from his more than 15 years at TPG as an operating partner focused in the technology space, as well as his roles as CFO of Hotwire and finance and strategic roles at Gap, Inc. and PepsiCo Inc. Mr. Dunn facilitates an open dialogue in our Boardroom, bringing his extensive experience as a public and private company director.If Mr. Dunn were to step down from our Board, AEye would lose a vital independent Board Leader and the Chair of our Audit Committee. Nasdaq Listing