Company: LIDRW
Filing Date: 2025-04-03
Form Type: S-8
Source: 0000947871-25-000356
Chunk: 4

Company: AEye, Inc.
Filing Date: 2025-04-03
Form: S-8
Chunk 4
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 herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration Statement.

Item 4. Description of Securities.

Not applicable.

Item 5. Interests of Named Experts and Counsel.

None.

Item 6. Indemnification of Directors and Officers.

Section 102(b)(7) of the Delaware
General Corporation Law (“DGCL”) provides that a corporation’s certificate of incorporation may contain a provision
eliminating or limiting the personal liability of a director or an officer to the corporation or its stockholders for monetary damages
for breach of fiduciary duty as a director or an officer, provided that such provision shall not eliminate or limit the liability of a
director or an officer (i) for any breach of the director’s or officer’s duty of loyalty to the corporation or its stockholders,
(ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section
174 of the DGCL, or (iv) for any transaction from which the director or officer derived an improper personal benefit, and provided further
that such provision shall not eliminate or limit the liability of an officer in any action by or in the right of the corporation. The
Registrant’s Second Amended and Restated Certificate of Incorporation, as amended by the Certificate of Amendment filed with the
State of Delaware on May 9, 2023 (the “Amended Charter”), provides that no director or officer of the Registrant shall be
personally liable to it or its stockholders for monetary damages for any breach of fiduciary duty as a director or an officer, notwithstanding
any provision of law imposing such liability, except to the extent that the DGCL prohibits the elimination or limitation of liability
of directors or officers, as applicable, for breaches of fiduciary duty.

Section 145 of the DGCL provides that
a corporation has the power to indemnify a director, officer, employee, or agent of the corporation, or a person serving at the request
of the corporation for another corporation, partnership, joint venture, trust or other enterprise in related capacities against expenses
(including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection
with an action, suit or proceeding to which he was or is a party or is threatened to be made a party to any threatened, ending or