Company: LIDRW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0000947871-25-000056
Chunk: 35

Company: AEye, Inc.
Filing Date: 2025-01-16
Form: S-1
Chunk 35
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 action or suit by
or in the right of us to procure a judgment in our favor by reason of the fact that the Indemnitee is or was, or has agreed to become,
a director or officer, or is or was serving, or has agreed to serve, at our request as a director,

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officer, partner, employee, or trustee of, or in a similar capacity
with, another corporation, partnership, joint venture, trust, or other enterprise, or by reason of any action alleged to have been taken
or omitted in such capacity, against all expenses (including attorneys’ fees) and, to the extent permitted by law, amounts paid
in settlement actually and reasonably incurred in connection with such action, suit, or proceeding, and any appeal therefrom, if the Indemnitee
acted in good faith and in a manner he or she reasonably believed to be in, or not opposed to, our best interests, except that no indemnification
shall be made with respect to any claim, issue, or matter as to which such person shall have been adjudged to be liable to us, unless
a court determines that, despite such adjudication but in view of all of the circumstances, he or she is entitled to indemnification of
such expenses. Notwithstanding the foregoing, to the extent that any Indemnitee has been successful, on the merits or otherwise, he or
she will be indemnified by us against all expenses (including attorneys’ fees) actually and reasonably incurred in connection therewith.
Expenses must be advanced to an Indemnitee under certain circumstances.

We have entered into indemnification agreements with each of our
directors and officers. These indemnification agreements may require us, among other things, to indemnify our directors and officers for
some expenses, including attorneys’ fees, judgments, fines, and settlement amounts incurred by a director or officer in any action
or proceeding arising out of his or her service as one of our directors or officers, or any of our subsidiaries or any other company or
enterprise to which the person provides services at our request.

We maintain a general liability insurance policy that covers certain
liabilities of directors and officers of our corporation arising out of claims based on acts or omissions in their capacities as directors
or officers.

In any underwriting agreement we enter into in connection with the
sale of Common Stock being registered hereby, the underwriters will agree to indemnify, under certain conditions, us, our directors, our