Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 36

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 36
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, which may be time-consuming and would cause us to incur substantial costs.

Companies, organizations or
individuals, including our competitors, may hold or obtain patents, trademarks or other proprietary rights that would prevent, limit or
interfere with our ability to make, use, develop, sell or market our vehicles, which could make it more difficult for us to operate our
business. From time to time, we receive communications from holders of patents or trademarks regarding their proprietary rights, including
in publicly available court filings. Companies holding patents or other intellectual property rights may bring suits alleging infringement
of such rights or otherwise assert their rights. If we are determined to have infringed upon a third party’s intellectual property
rights, we may be required to do one or more of the following:

●cease selling, incorporating certain components into, or
using vehicles or offering goods or services that incorporate or use the challenged intellectual property;

●pay substantial damages;

●seek a license from the holder of the infringed intellectual
property right, which license may not be available on reasonable terms or at all;

●redesign our vehicles or other goods or services; or

●establish and maintain alternative branding for our products
and services.

In the event of a successful
claim of infringement against us and our failure or inability to obtain a license to the infringed technology or other intellectual property
right, our business, prospects, operating results and financial condition could be materially and adversely affected. In addition, any
litigation or claims, whether or not valid, could result in substantial costs, negative publicity and diversion of resources and management
attention.

24

If we are unable to adequately establish,
maintain, protect and enforce our intellectual property and proprietary rights, our reputation may be harmed, we may be subject to litigation,
and our business may be adversely affected.

Our future success and competitive
position depend on our ability to establish, maintain, protect and enforce our intellectual property and proprietary rights. We currently
hold one trademark in the United States. Other than that, we do not own any issued patents, copyright nor other intellectual property
registrations in the United States. We also seek to protect our trade secrets and other proprietary information through common law
copyright and trademark principles, but these actions may be inadequate. The steps we have taken and will take may not prevent unauthorized
use, reverse engineering or misappropriation of our technologies and we may be unable to detect any of the foregoing. Our lack of intellectual
property protection in the United