Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 780

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 3
Chunk 780
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Ou has entered
into an employment agreement with one of our subsidiaries, FLYEBIKE Inc, dated April 1, 2023. Under the agreement, Mr. Zhou
Ou serves as the Chief Executive Officer of the Company and receives a monthly base salary of $8,333. He is also entitled to reimbursement
for authorized and reasonable business expenses. The agreement allows for at-will termination by either party. If Mr. Ou’s
employment is terminated due to death or disability, he or his estate will receive salary and benefits through the termination date.
The Company may terminate the agreement for cause, releasing it from all further obligations except for accrued salary and benefits through
the termination date. “Cause” includes failure or neglect by Mr. Ou to perform duties, disobedience to orders, misconduct
such as misappropriation of funds, personal profit from Company transactions, misrepresentation, legal violations, acts involving moral
turpitude or unethical conduct, disloyalty including aiding a competitor, failure to devote full-time efforts to the Company, not working
exclusively for the Company, non-cooperation in investigations, breaches of the employment agreement or the Company rules, and any other
act of misconduct or omission. The agreement includes covenants for non-disclosure, non-solicitation, and non-competition. For two years
post-termination, Mr. Ou agrees not to solicit the Company’s customers or engage in competing business activities within New York
State.

In order to support our
operations and allocate more resources towards our development, Mr. Ou received compensation at the level of a store manager for
the years ended March 31, 2025 and 2024.

Shiwen Feng, Chief Financial Officer

Mr. Feng has
entered into an employment agreement with the Company, dated November 7, 2024. Under the agreement, Ms. Feng serves as the
Chief Financial Officer of the Company and receives a monthly base salary of $ $6,667. She will also be entitled to reimbursement
for authorized and reasonable expenses. The agreement allows for at-will termination by either party, provided, however, a minimum
of two weeks’ advance written notice is required in the event of resignation by Ms. Feng. If Ms. Feng’s employment
is terminated due to death or disability, she or her estate will receive salary and benefits through the termination date. The
Company may terminate the agreement