Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 47

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 47
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 regarding the U.S. federal income tax consequences
of the acquisition, ownership or sale or other disposition of our securities.

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Taxation of Distributions

In general, any distributions
(including constructive distributions) we make to a Non-U.S. Holder of Common Shares, to the extent paid out of our current or accumulated
earnings and profits (as determined under U.S. federal income tax principles), will constitute dividends for U.S. federal income tax purposes.
Provided such dividends are not effectively connected with the Non-U.S. Holder’s conduct of a trade or business within the United States
(or, if required pursuant to an applicable income tax treaty, are not attributable to a permanent establishment of fixed base maintained
by the Non-U.S. Holder in the United States), we will be required to withhold tax from the gross amount of the dividend at a rate
of 30%, unless such Non-U.S. Holder is eligible for a reduced rate of withholding tax under an applicable income tax treaty and provides
proper certification of its eligibility for such reduced rate (usually on an IRS Form W-8BEN or W-8BEN-E, as applicable). In the
case of any constructive dividend, it is possible that this tax would be withheld from any amount owed to a Non-U.S. Holder by the applicable
withholding agent, including cash distributions on other property or sale proceeds from Warrants or other property subsequently paid or
credited to such holder. Any distribution not constituting a dividend will be treated first as reducing (but not below zero) the Non-U.S.
Holder’s adjusted tax basis in our Common Shares and, to the extent such distribution exceeds the Non-U.S. Holder’s adjusted
tax basis, as gain realized from the sale or other disposition of our Common Shares, which will be treated as described under “Non-U.S.
Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Our Common Shares and Warrants” below. In addition,
if we determine that we are or are likely to be classified as a “United States real property holding corporation” (see
“Non-U.S. Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Our Common Shares and Warrants” below),
we will withhold 15% of any distribution that exceeds our current and accumulated earnings and profits, including a distribution in redemption
of our Common Shares. See also “Non-U.S. Holders — Possible Constructive D