Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 42

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 42
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 U.S. federal income tax purposes: (i) an individual who
is a citizen or resident of the United States, (ii) a corporation (or other entity treated as a corporation for U.S. federal
income tax purposes) that is created or organized (or treated as created or organized) in or under the laws of the United States,
any state thereof or the District of Columbia, (iii) an estate the income of which is subject to U.S. federal income taxation regardless
of its source or (iv) a trust if (A) a court within the United States is able to exercise primary supervision over the
administration of the trust and one or more United States persons have the authority to control all substantial decisions of the
trust, or (B) it has in effect a valid election under Treasury Regulations to be treated as a United States person.

This discussion does not consider
the tax treatment of partnerships or other pass-through entities (including branches) or persons who hold our securities through such
entities. If a partnership (or other entity or arrangement classified as a partnership for U.S. federal income tax purposes) is the beneficial
owner of our securities, the U.S. federal income tax treatment of a partner in the partnership generally will depend on the status of
the partner and the activities of the partner and the partnership. If you are a partner or a partnership holding our securities, we urge
you to consult your own tax advisor.

THIS DISCUSSION IS ONLY A SUMMARY
OF CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS ASSOCIATED WITH THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES. EACH PROSPECTIVE
INVESTOR IN OUR SECURITIES IS URGED TO CONSULT ITS OWN TAX ADVISOR WITH RESPECT TO THE PARTICULAR TAX CONSEQUENCES TO SUCH INVESTOR OF
THE ACQUISITION, OWNERSHIP AND DISPOSITION OF OUR SECURITIES, INCLUDING THE APPLICABILITY AND EFFECT OF ANY STATE, LOCAL, AND NON-UNITED
STATES TAX LAWS.

U.S. Federal Income Tax Consequences of the Acquisition of a Combination of Common Share and Warrants

The purchase price for each
combination of a share of Common Stock and two Warrants will be allocated among these three components in proportion to their relative
fair market values at the time such securities are purchased by the U.S. Holder. This allocation of the purchase price for each such combination
will establish a U.S