Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 61

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 61
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 person is not entitled to
be indemnified for such expenses.

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing
provisions, we have been informed that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities
Act and is therefore unenforceable.

Item 15. Recent Sales of Unregistered Securities.

Except as set forth below,
in the three years preceding the filing of this registration statement, the registrant has not issued any securities that were not
registered under the Securities Act:

On December 21, 2022,
the Company and Fly E-Bike entered into a Share Exchange Agreement, pursuant to which the Company acquired 200 shares of Common Stock
of Fly E-Bike, representing all of the issued and outstanding shares of Fly E-Bike, by issuing its shares of Common Stock to the stockholders
of Fly E-Bike on a one-for-one basis. Such share issuance was deemed to be exempt under the Securities Act of 1933, as amended, by virtue
of Section 4(2) thereof as transactions not involving any public offering.

<div align='center'>II-2</div>

Item 16. Exhibits and Financial Statement Schedules.

(a) Exhibits

<div align='center'>EXHIBIT INDEX</div>

| Exhibit 
 Number  
 1.1**   
 3.1     |     | Description                                                                                                                                                                                                                                                               
 Placement Agency Agreement, dated April 22, 2025, by and between the Company and American Trust Investment Services, Inc.                                                                                                                                                 
 Amended and Restated Certificate of Incorporation of Fly-E Group, Inc. (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed by the registrant on June 7, 2024)                                                                               |
|:--------|:----|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.2     |     | Amended and Restated Bylaws of Fly-E Group, Inc. (incorporated by reference to Exhibit 3.2 to the Current Report on Form 8-K filed by the registrant on June 7, 2024)                                                                                                     |
| 3.3     |     | Certificate of Amendment to the amended and Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed by