Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 517

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1C
Chunk 517
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have received had the grantee held a specified number of shares of our common stock during the period. Dividend equivalent rights may
be granted independently or in connection with the grant of any equity-based award, except that no dividend equivalent right may
be granted in connection with, or related to an option or SAR.

Other Equity-Based Awards

Our Compensation Committee
may grant other types of equity-based or equity-related awards in such amounts and subject to such terms and conditions as
our Compensation Committee may determine, including unrestricted stock and dividend equivalent rights which are described in more detail
in the 2024 Plan.

Changes to Capital Structure

In the event of a merger,
reorganization, recapitalization, reclassification, stock split, reverse stock split, spin-off combination of shares, exchange of
shares, stock dividend or other distribution payable in capital stock, or other increase or decrease in such shares effected without
the receipt of consideration by us, then the number and kind of shares for which grants of options and other awards may be made under
the 2024 Plan may be adjusted proportionately and accordingly by our Compensation Committee.

Change of Control

Except as otherwise provided
in the applicable award agreement, upon the occurrence of a change of control of our Company in which outstanding awards are not being
assumed or continued, all outstanding shares of restricted stock, restricted stock units, deferred stock units, dividend equivalent rights
and performance-based awards will be deemed to have vested and any underlying shares of our common stock will be deemed delivered
immediately before the change of control; and either or both of the following actions shall be taken: (i) at our Compensation Committee’s
discretion, all options and SARs will become exercisable fifteen days before the change of control (with any exercise of an option
or SAR during such fifteen day period to be contingent upon the consummation of the change of control) and terminate upon the change
of control to the extent not exercised; and/or (ii) at our Compensation Committee’s discretion, all options, SARs, shares
of restricted stock, restricted stock units, deferred stock units, dividend equivalent rights and/or performance-based awards will
be canceled and cashed out in connection with the change of control. Other equity-based awards will be governed by the terms of
the applicable award agreement.

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If we experience a change of
control in which outstanding awards that are not exercised prior to