Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 54

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 54
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 pay the Placement Agent a commission equal to 7% of the gross proceeds of this offering. We have also agreed to provide the Placement Agent a non-accountable expense allowance equal to 1% of the gross proceeds of this offering and out-of-pocket expenses up to a maximum amount of $150,000. |

Because there is no minimum
offering amount in this offering, the actual total Placement Agent commissions are not presently determinable and may be substantially
less than the maximum amount set forth above.

We estimate the total offering expenses of this offering that will
be payable by us, excluding the Placement Agent commissions, will be approximately $178,625, which include legal and printing costs and
various other fees. At the closing, our transfer agent will credit the Common Stock to the respective accounts of the purchasers .
We will mail the Warrants directly to the purchasers at their respective addresses set forth in the Securities Purchase Agreement.

The foregoing does not purport
to be a complete statement of the terms and conditions of the Placement Agency Agreement and the Securities Purchase Agreement. Forms
of both agreements are being filed as exhibits to the registration statement to which this prospectus relates.

Lock-Up Agreements

The Company, our directors,
executive officers, employees or other recipients of Common Stock pursuant to an employee incentive plan or other benefit plan and each
holder of our Common Stock and Common Stock Equivalents holding, on a fully diluted basis, 5% or more of the Company’s issued and
outstanding Common Stock have agreed, subject to certain exceptions, to a “lock-up” period until six (6) months with respect
to the Common Stock that they beneficially own, including the issuance of shares upon the exercise of convertible securities and options
that are currently outstanding or which may be issued. This means that until [●], such persons may not offer, sell, or otherwise
dispose of these securities without the prior written consent of the Placement Agent.

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Notwithstanding these limitations,
our shares of Common Stock may be transferred under limited circumstances, including by gift, will, or intestate succession.

Listing and Transfer Agent

Our Common Stock is listed
on the Nasdaq under the symbol “FLYE”. The transfer agent for our Common Stock is VStock Transfer, LLC. We do not intend to
apply for the listing of the Warrants on any securities exchange or nationally recognized trading system, and we do not expect a market
to develop for Warrants.

Selling Restrictions

No