Company: LIDRW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0000947871-25-000056
Chunk: 34

Company: AEye, Inc.
Filing Date: 2025-01-16
Form: S-1
Chunk 34
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 the person in connection with an action, suit,
or proceeding to which he or she was or is a party or is threatened to be made a party to any threatened, ending, or completed action,
suit, or proceeding by reason of such position, if such person acted in good faith and in a manner he or she reasonably believed to be
in or not opposed to the best interests of the corporation, and, in any criminal action or proceeding, had no reasonable cause to believe
his or her conduct was unlawful, except that, in the case of actions brought by or in the right of the corporation, 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 the corporation
unless and only to the extent that the Court of Chancery or other adjudicating court determines that, despite the adjudication of liability
but in view of all of the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which
the Court of Chancery or such other court shall deem proper.

Our Amended Charter provides that we will indemnify each person
who was or is a party or threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding (other than
an action by or in the right of us) by reason of the fact that he or she 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, officer, partner, employee, or trustee of, or in a similar capacity
with, another corporation, partnership, joint venture, trust, or other enterprise (all such persons being referred to as an “Indemnitee”),
or by reason of any action alleged to have been taken or omitted in such capacity, against all expenses (including attorneys’ fees),
judgments, fines, and amounts paid in settlement actually and reasonably incurred in connection with such action, suit, or proceeding
and any appeal therefrom, if such Indemnitee acted in good faith and in a manner he or she reasonably believed to be in, or not opposed
to, our best interests, and, with respect to any criminal action or proceeding, he or she had no reasonable cause to believe his or her
conduct was unlawful. Our Amended Charter provides that we will indemnify any Indemnitee who was or is a party to an