Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 35

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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, whether now owned or hereinafter acquired and whether now existing or hereafter arising. As of June 30, 2025, the Company paid off this loan in full. 

(ii)On
August 24, 2022, Universe King Corp. obtained a five-year long-term loan of $63,674 from Leaf Capital Funding, LLC with an annual
interest rate of 7.0%. The collateral provided included the Fuso trucks, whether now owned or hereafter acquired by Universe King Corp.,
and together with all accessories, accessions, attachments thereto, and all other substitutions, renewals, replacements and improvements
and all proceeds of the foregoing. As of June 30, 2025, the outstanding balance is $31,424. From July 1 to August 19, 2025, the Company
paid $2,523 on principal and interest of the loan.

(iii)On
June 12, 2023, Flyebikemiami Inc obtained a four-year long-term loan of $34,974 from AutoNation Honda Miami Lakes with an annual
interest rate of 3.98%. The collateral provided was the Honda vehicle purchased by Flyebikemiami Inc. As of June 30, 2025, the outstanding
balance is $18,182. From July 1 to August 19, 2025, the Company paid $790 on principal and interest of the loan.

21

  (iv) On August 22, 2024, Fly E-Bike, Inc. obtained a three-year
long-term loan of $128,132 from Milea Truck Sales of Queens Inc. with an annual interest rate of 9.90%. The collateral provided was the
FTR 2025 vehicle purchased by Fly E-Bike, Inc. As of June 30, 2025, the outstanding balance is $96,253. From July 1 to August 19, 2025,
the Company paid $8,251 on principal and interest of the loan. On July 26, 2024, Fly E-Bike, Inc. obtained a three-year long-term loan of $96,506 from Milea Truck Sales of Queens Inc. with an annual interest rate of 7.03%. The collateral provided was the NRR-CAB 2025 vehicle purchased by Fly E-Bike, Inc. As of June 30, 2025, the outstanding balance is $69,140. From July 1