Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 195

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 195
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2,090,734 |   |     | $         |    412,817 |   |

| (i) | On October 25, 2022, the Company’s subsidiary, Universe                                                                               
 King Corp. obtained a five-year long-term loan of $230,000 from JPMorgan Chase Bank, N.A. with an annual interest rate of 10.35%. Mr. 
 Ke Zhang, the Company’s Chief Human Resource Officer, provided a guarantee on this loan. To secure payment and performance of the     
 liabilities, Universe King Corp. pledged to JPMorgan Chase Bank, N.A., a continuing security interest in all of its right, title and  
 interest in all of its properties, whether now owned or hereinafter acquired and whether now existing or hereafter arising. On August 
 9, 2024, the Company paid off this loan in full.                                                                                      |

F-52

| (ii) | On January 12, 2023, the Company’s subsidiary, Arfy                                                                                          
 Corp. obtained a five-year long-term loan of $70,000 from JPMorgan Chase Bank, N.A. with an annual interest rate of 9.8%. Mr. Tong Chen,     
 an original stockholder of the Company, provided a guarantee on this loan. To secure payment and performance of the liabilities, Arfy        
 Corp. pledged to JPMorgan Chase Bank, N.A., a continuing security interest in all of its right, title and interest in all of its properties, 
 whether now owned or hereinafter acquired and whether now existing or hereafter arising. On August 9, 2024, the Company paid $52,069         
 and as of December 31, 2024, the outstanding balance is $301.                                                                                |

| (iii) | On August 24, 2022, Universe King Corp. obtained a five-year                                                                                
 long-term loan of $63,674 from Leaf Capital Funding, LLC with an annual interest rate of 7.0%. The collateral provided included the Fuso    
 trucks, whether now owned or hereafter acquired by Universe King Corp., and together with all accessories, accessions, attachments thereto, 
 and all other substitutions, renewals, replacements and improvements and all proceeds of the foregoing. As of December 31, 2024, the        
 outstanding balance is $40,845. From January 1 to February 19, 2025, the Company paid $2,523 on principal and