Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 48

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 48
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istributions” for potential U.S. federal tax
consequences with respect to constructive distributions.

Dividends that we pay to a
Non-U.S. Holder that are effectively connected with such Non-U.S. Holder’s conduct of a trade or business within the United States
(and, if a tax treaty applies, are attributable to a permanent establishment or fixed base maintained by the Non-U.S. Holder in the United States)
will not be subject to U.S. withholding tax, provided such Non-U.S. Holder complies with certain certification and disclosure requirements
(usually by providing an IRS Form W-8ECI). Instead, the effectively connected dividends will be subject to regular U.S. federal income
tax as if the Non-U.S. Holder were a U.S. resident, unless an applicable income tax treaty provides otherwise. A Non-U.S. Holder that
is a foreign corporation receiving effectively connected dividends may also be subject to an additional “branch profits tax”
imposed at a rate of 30% (or a lower treaty rate).

Exercise, Lapse or Redemption of a Warrant

The U.S. federal income tax
treatment of a Non-U.S. Holder’s exercise of a Warrant, or the lapse of a Warrant held by a Non-U.S. Holder, generally will correspond
to the U.S. federal income tax treatment of the exercise or lapse of a Warrant by a U.S. Holder, as described under “U.S. Holders
— Exercise, Lapse or Redemption of a Warrant” above, although to the extent a cashless exercise results in a taxable exchange,
the consequences would be similar to those described below under “Non-U.S. Holders — Gain on Sale, Taxable Exchange or Other
Taxable Disposition of Common Shares and Warrants.” The U.S. federal income tax treatment for a Non-U.S. Holder of a redemption
of Warrants for cash (or if we purchase Warrants in an open market transaction) would be similar to that described below in “Non-U.S.
Holders — Gain on Sale, Taxable Exchange or Other Taxable Disposition of Our Common Shares and Warrants.”

Gain on Sale, Taxable Exchange or Other Taxable Disposition of Our Common Shares and Warrants

Subject to the discussion of
FATCA and backup withholding below, a Non-U.S. Holder generally will not be subject to U.S. federal income or withholding tax in respect
of gain recognized on a sale, taxable exchange or other taxable