Company: LIDRW
Filing Date: 2025-04-21
Form Type: DEFC14A
Source: 0001104659-25-036915
Chunk: 23

Company: AEye, Inc.
Filing Date: 2025-04-21
Form: DEFC14A
Chunk 23
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 THIS PROPOSAL.

17

VOTING AND PROXY PROCEDURES</div>

Stockholders are entitled
to one vote for each share of Common Stock held of record on the Record Date with respect to each matter to be acted on at the Annual
Meeting. Only stockholders of record on the Record Date will be entitled to notice of and to vote at the Annual Meeting. Stockholders
who sell their shares of Common Stock before the Record Date (or acquire them without voting rights after the Record Date) may not vote
such shares of Common Stock. Stockholders of record on the Record Date will retain their voting rights in connection with the Annual Meeting
even if they sell such shares of Common Stock after the Record Date. Based on publicly available information, Founders Group believes
that the only outstanding class of securities of the Company entitled to vote at the Annual Meeting is the Common Stock.

Shares of Common Stock represented
by properly executed GREEN universal proxy cards will be voted at the Annual Meeting as marked and, in the absence of specific
instructions, will be voted “FOR” the election of the Founders Group Nominees to the Board, “FOR”
the ratification of the selection by the Audit Committee of KPMG LLP as the Company’s independent registered public accounting firm
for the fiscal year ending December 31, 2025, “AGAINST”the approval of an increase in the issuable shares under the
Company’s 2021 Equity Incentive Plan, FOR” the Founders Group proposal to recommend the declassification of the Board,
“FOR” the Founders Group proposal to recommend a cap on authorized shares of 20,000,000, “FOR” the
Founders Group proposal to recommend a cap on authorized shares of 125% of the Company’s fully diluted shares, and in the discretion
of the persons named as proxies on all other matters as may properly come before the Annual Meeting, as described herein.

Proposal 6 (recommending a
cap on authorized shares at 125% of the Company’s fully diluted shares) was submitted to the Company by a member of the Founders
Group pursuant to the Company’s bylaws for stockholders to vote on at the annual meeting. The Company has not included Proposal
6 in its proxy statement and Proposal 6 does not appear on the Company’s white proxy card. Accordingly, if you use the Company’s
white proxy card to vote, you will not be able to vote on Proposal 6. If you wish to