Company: FLYE
Filing Date: 2025-09-05
Form Type: DEF 14A
Source: 0001213900-25-084978
Chunk: 21

Company: Fly-E Group, Inc.
Filing Date: 2025-09-05
Form: DEF 14A
Chunk 21
---
. “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.

Director Compensation

The following table sets forth
information as to the compensation paid to our directors in the year ended March 31, 2025:

| Name           |     | Cash         
 Compensation |        |     | Stock  
 Awards |   |     | Total |        |
| Bin Wang       |     |              | 37,500 |     |        | — |     |       | 37,500 |
| Lun Feng       |     |              | 50,000 |     |        | — |     |       | 50,000 |
| Zanfeng Zhang  |     |              |  7,500 |     |        | — |     |       |  7,500 |
| Zhou Ou(1)     |     |              |      — |     |        | — |     |       |      — |
| Shiwen Feng(2) |     | $            |      — |     |        |   |     | $     |      — |

| (1) | Mr. Ou does not receive any additional compensation as                                  
 a director in addition to his compensation disclosed in the Summary Compensation Table. |

| (2) | Ms. Feng receives $6,667 per month for serving as Chief Financial                            
 Officer of the Company. Ms. Feng does not receive any additional compensation as a director. |

Director Agreements

Each
of the Company’s independent directors, Bin Wang, Lun Feng and Zanfeng Zhang, has entered into an Independent Director Agreement
(each, an “Independent Director Agreement”). Under the Independent Director Agreement between us and each of our independent
directors, Mr. Zhang is entitled to an annual cash fee of $30,000, Mr. Wang and Mr