Company: LIDRW
Filing Date: 2025-04-10
Form Type: PREC14A
Source: 0001104659-25-033731
Chunk: 14

Company: AEye, Inc.
Filing Date: 2025-04-10
Form: PREC14A
Chunk 14
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488 shares of Common Stock and has entered into three transactions in the securities of
the Company during the past two year, as set forth in Schedule I. As of the date hereof, Ms. Bauer owns 28,999 shares of Common Stock
and had one transaction in the Company’s stock in the last two years as shown in Schedule I. For information regarding transactions
in securities of the Company during the past two years by Mr. Wuller, Mrs. Wuller, Ms. Bauer, and Luis Dussan please see
attached hereto. The shares of Common Stock beneficially owned directly by Mr. Wuller and Ms. Bauer were purchased with personal funds.

We believe that each of the
Founders Group Nominees presently is, and if elected as a director of the Company, would qualify as, an “independent director”
within the meaning of (i) applicable National Association of Securities Dealers Automatic Quotations System (“NASDAQ”) listing
standards applicable to board composition, including NASDAQ Listed Company Manual Section 5605(a)(2), and (ii) Section 301 of the Sarbanes-Oxley
Act of 2002. Notwithstanding the foregoing, we acknowledge that no director of a NASDAQ listed company qualifies as “independent”
under the NASDAQ listing standards unless the board of directors affirmatively determines that such director is independent under such
standards. Accordingly, we acknowledge that if the Founders Group Nominees are elected, the determination of the Founders Group Nominees’
independence under the NASDAQ listing standards ultimately rests with the judgment and discretion of the Board. No Founders Group Nominee
is a member of the Company’s compensation, nominating or audit committee that is not independent under any such committee’s
applicable independence standards.

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Other than as stated herein,
there are no arrangements or understandings among the members of Founders Group or any other person or persons pursuant to which the nomination
of the Founders Group Nominees described herein is to be made, other than the consent by each of the Founder Group Nominees to be named
as a nominee of Founders Group in any proxy statement relating to the Annual Meeting and serving as a director of the Company if elected
as such at the Annual Meeting. Other than as stated herein, the Founders Group Nominees are not a party adverse to the Company or any
of its subsidiaries nor do the Founders Group