Company: FLYE
Filing Date: 2025-02-21
Form Type: DEF 14A
Source: 0001213900-25-016092
Chunk: 76

Company: Fly-E Group, Inc.
Filing Date: 2025-02-21
Form: DEF 14A
Chunk 76
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 any interest and penalties), asserted by reason of the failure of an Award to satisfy the requirements of Code Section 422 or Code Section 409A or by reason of Code Section 4999, or otherwise asserted with respect to the Award; provided, that this Section 18.12 shall not affect any of the rights or obligations set forth in an applicable agreement between the Grantee and the Company or an Affiliate. [ Remainder of Page Intentionally Left Blank ] A-23 AMENDMENT NO. 1 TO THE FLY-E GROUP INC. 2024 OMNIBUS INCENTIVE PLAN This Amendment No. 1 (this “ Amendment ”) to the FLY-E Group Inc. 2024 Omnibus Incentive Plan (the “ Plan ”), is adopted by the Board of Directors (the “ Board ”) of FLY-E Group Inc., a Delaware corporation (the “ Company ”), effective as of [_________], 2025 (the “ Amendment Effective Date ”). Capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed to such terms in the Plan. RECITALS A.The Company currently maintains the Plan. B.Pursuant to Section 5.2 of the Plan, the Board may amend the Plan at any time; provided, however, that no such amendment may be made without the approval of the Company’s stockholders to the extent such approval is required by Applicable Laws. C.Subject to the approval of the Company’s stockholders, the Board believes that it is in the best interests of the Company and its stockholders to amend the Plan to (i) increase the shares subject to the Plan and (ii) add an “evergreen” to the Plan’s share reserve. AMENDMENT 1.Subject to the approval of the Company’s stockholders, effective as of the Amendment Effective Date, Sectio n 4. 1 of the Plan is hereby amended in its entirety to read as follows: “Subject to such additional shares of Stock as shall be available for issuance under the Plan pursuant to Section 4.2 and Section 4.3(c), and subject to adjustment pursuant to Article 16, the maximum aggregate number of shares of Stock reserved for issuance under the Plan shall be the sum of (A) 3,700,000, plus (B) an increase commencing on April 1, 2026, and continuing annually on each anniversary thereof until the tenth anniversary of the Effective Date, equal to the lesser