Company: LIDRW
Filing Date: 2025-04-21
Form Type: DEFC14A
Source: 0001104659-25-036915
Chunk: 18

Company: AEye, Inc.
Filing Date: 2025-04-21
Form: DEFC14A
Chunk 18
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 this is not prohibited under
the Bylaws and applicable law. In any such case, we would identify and properly nominate such substitute nominee(s) in accordance with
the Bylaws and the shares of Common Stock represented by the enclosed GREEN universal proxy card will be voted for such substitute
nominee(s). We reserve the right to nominate additional person(s), to the extent that is not prohibited under the Company’s organizational
documents and applicable law, if the Company increases the size of the Board above its existing size. Additional nominations made pursuant
to the preceding sentence are without prejudice to the position of Founders Group that any attempt to increase the size of the current
Board or to reconstitute or reconfigure the classes on which the current directors serve, constitutes an unlawful manipulation of the
Company’s corporate machinery.

Founders Group and the Company
will each be using a universal proxy card for voting on the election of directors at the Annual Meeting, which will include the names
of all nominees for election to the Board. Each of the Founders Group Nominees has consented to being named as a nominee for election
as a director of the Company in any proxy statement relating to the Annual Meeting. Stockholders will have the ability to vote for up
to two (2) nominees on Founders Group’ enclosed GREEN universal proxy card. Any stockholder who wishes to vote for any combination
of the Company’s nominees and the Founders Group Nominees may do so on Founders Group’s GREENuniversal proxy card.
There is no need to use the Company’s white proxy card or voting instruction form, regardless of how you wish to vote.

Stockholders are permitted
to vote for fewer than two (2) nominees or for any combination (up to two (2) total) of the Founders Group Nominees and the Company’s
nominees on Founders Group’s GREEN universal proxy card. There is no need to use the Company’s white universal proxy card or voting instruction form, regardless of how you wish to vote.However, Founders Group urges stockholders to vote using our
GREENuniversal proxy card “FOR” all the Founders Group Nominees.

Certain information about
the Company Nominees is set forth in the Company’s proxy statement. Founders Group is not responsible for the accuracy of any information
provided by or relating to the Company or its nominees contained in any proxy solicitation materials filed or disseminated by, or on behalf
of, the Company or any other statements that the Company