Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 298

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 298
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 20,353    28,833   Bank of Hope(vi)  September 15, 2024   —    391,227   Bank of Hope(vi)  September 22, 2024   —    400,000   Bank of Hope(vi)  December 12, 2024   —    205,000   Milea Truck Sales of Queens Inc. (viii)  August 22, 2027   106,093    —   Milea Truck Sales of Queens Inc. (viii)  July 26, 2027   76,779    —   Peapack-Gladstone Bank(ix)  August 31, 2025   4,936,058    —   Veiocity Commercial Capital, LLC (x)  December 1, 2054   1,927,729    —   AOWINV LLC (xi)  December 1, 2054   255,000    —   Total loan payables      7,356,933    1,626,059   Short-term loan payables      (5,191,058)   —   Current portion of long-term loan payables      (100,835)   (1,213,242)  Long-term loan payables     $2,065,040   $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. 

  (ii) On January 12,