Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 60

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 60
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 director, officer, employee or agent of such
corporation, or is or was serving at the request of such corporation in a similar capacity for another corporation, partnership, joint
venture, trust or other enterprise, against any liability asserted against him or her in any such capacity or arising out of his or her
status as such, whether or not the corporation would have the power to indemnify him or her against such liability as described above.
In connection with this offering, the registrant will obtain liability insurance for its directors and officers. Such insurance would
be available to its directors and officers in accordance with its terms.

Our amended and restated certificate
of incorporation requires us to indemnify and hold harmless, to the fullest extent permitted by applicable law as it presently exists
or may hereafter be amended, any person (a “covered person”) who was or is made or is threatened to be made a party or is
otherwise involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative
(a “proceeding”) by reason of the fact that he or she is or was a director, officer or member of a committee, or, while a
director or officer, is or was serving at our request as a director or officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise or non-profit entity, including service with respect to employee benefit plans, against all liability
and loss suffered and expenses (including attorneys’ fees), judgment, fines and amounts paid in settlement actually and reasonably
incurred by such person in connection with a proceeding.

In addition, under our amended
and restated certificate of incorporation, in certain circumstances, we are required to pay the expenses (including attorneys’ fees)
incurred by a covered person in defending a proceeding in advance of the final disposition of such proceeding; provided, however, that
we are not required to advance any expenses to a person against whom we directly bring an action, suit or proceeding alleging that such
person (1) committed an act or omission not in good faith or (2) committed an act of intentional misconduct or a knowing violation
of law. Additionally, an advancement of expenses incurred by a covered person shall be made only upon delivery to us of an undertaking,
by or on behalf of such covered person, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision
from which there is no further right to appeal or otherwise in accordance with Delaware law that such covered