Company: FLYE
Filing Date: 2025-05-08
Form Type: S-1/A
Source: 0001213900-25-041069
Chunk: 3

Company: Fly-E Group, Inc.
Filing Date: 2025-05-08
Form: S-1/A
Chunk 3
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 is required by the DGCL to indemnify such person for actual and reasonable expenses incurred in
connection therewith. Expenses (including attorneys’ fees) incurred by such persons in defending any action, suit or proceeding
may be paid in advance of the final disposition of such action, suit or proceeding upon in the case of a current officer or director,
receipt of an undertaking by or on behalf of such person to repay such amount if it is ultimately determined that such person is not entitled
to be so indemnified.

The DGCL provides that the
indemnification described above shall not be deemed exclusive of other indemnification that may be granted by a corporation pursuant to
its bylaws, disinterested directors’ vote, stockholders’ vote and agreement or otherwise.

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Section 102(b)(7) of
the DGCL enables a corporation, in its certificate of incorporation or an amendment thereto, to eliminate or limit the personal liability
of a director to the corporation or its stockholders for monetary damages for violations of the directors’ fiduciary duty, except
(i) for any breach of the director’s duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions
not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) pursuant to Section 174 of the
DGCL (providing for liability of directors for unlawful payment of dividends or unlawful stock purchases or redemptions) or (iv) for
any transaction from which a director derived an improper personal benefit. Our certificate of incorporation provides for such limitations
on liability for its directors.

The DGCL also provides corporations
with the power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of such
corporation, or is or was serving at the request of such corporation in a similar capacity for another corporation, partnership, joint
venture, trust or other enterprise, against any liability asserted against him or her in any such capacity or arising out of his or her
status as such, whether or not the corporation would have the power to indemnify him or her against such liability as described above.
In connection with this offering, the registrant will obtain liability insurance for its directors and officers. Such insurance would
be available to its directors and officers in accordance with its terms.

Our amended and restated certificate
of incorporation requires us to indemnify and hold harmless, to the fullest extent