Company: LIDRW
Filing Date: 2025-08-11
Form Type: S-3
Source: 0000947871-25-000731
Chunk: 27

Company: AEye, Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 27
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 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 The Amended Bylaws may be amended, altered or repealed (A) by the affirmative vote of a majority of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.

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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 or enforcing a right