Company: LIDRW
Filing Date: 2025-08-11
Form Type: S-3
Source: 0000947871-25-000731
Chunk: 34

Company: AEye, Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 34
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 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.

| II-1 |

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 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, officer,