Company: FLYE
Filing Date: 2025-02-21
Form Type: DEF 14A
Source: 0001213900-25-016092
Chunk: 33

Company: Fly-E Group, Inc.
Filing Date: 2025-02-21
Form: DEF 14A
Chunk 33
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 competitor, failure to devote full -timeefforts to the Company, not working exclusively for the Company, non -cooperationin investigations, breaches of the employment agreement or the Company rules, and any other act of misconduct or omission. The agreement includes covenants for non -disclosure, non -solicitation, and non -competition. For two years post -termination, Mr. Ou agrees not to solicit the Company’s customers or engage in competing business activities within New York State. Director Compensation The following table sets forth information as to the compensation paid to our directors in the year ended March 31, 2024:

| Name                    
 Bin Wang(1)             
 Lun Feng(1)             
 Alan Jacobs(1)(4)       
 Zhou Ou(2)              |     | Cash         
 Compensation |      — 
      — 
      — 
      — |     | Stock  
 Awards 
 —      
 —      
 —      
 —      |     | Total |      — 
      — 
      — 
      — |
|:------------------------|:----|:-------------|-------:|:----|:-------|:----|:------|-------:|
| Ruifeng (Steven) Guo(5) |     | $            | 60,000 |     |        |     | $     | 60,000 |

____________ (1)The appointment of our independent directors took effect upon the effectiveness of the registration statement as of May 14, 2024 and therefore they did not receive any compensation for the year ended March 31, 2024. (2)Mr. Ou does not receive any additional compensation as a director in addition to his compensation disclosed in the Summary Compensation Table. (3)Mr. Guo receives $5,000 per month for serving as Chief Financial Officer of the Company. Mr. Guo does not receive any additional compensation as a director in addition to his compensation disclosed in the Summary Compensation Table. (4)On August 15, 2024, Mr. Jacobs resigned as a director of the Board. (5)On November 6, 2024, Mr. Guo resigned as the Chief Financial Officer and a director of the Board.

21 Director Agreements Each of the Company’s independent directors, Bin Wang, Lun Feng and Zanfeng Zhang, has entered into an Independent Director Agreement (each, an “Independent Director Agreement”). Under the Independent Director Agreement between us and the independent directors, Mr.Zhang is entitled to an annual cash fee of $