Company: RAYA
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001185185-25-001296
Chunk: 182

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-09-29
Form: 424B5
Chunk 182
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Indemnification of Directors and Executive Officers and Limitation of Liability

The Cayman Islands law does not limit the extent
to which a company’s articles of association may provide for indemnification of officers and directors, except to the extent any
such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil
fraud or the consequences of committing a crime. Our memorandum and articles of association provides that every director, alternate director or officer shall be
indemnified out of the assets of our company against any liability incurred by him as a result of any act or failure to act in carrying
out his functions other than such liability (if any) that he may incur by his own actual fraud or willful default. No such director, alternate
director or officer shall be liable to our company for any loss or damage in carrying out his functions unless that liability arises through
the actual fraud or willful default of such director or officer.

Expenses, including legal fees, incurred by a director, alternate director
or officer, or former director, alternate director or officer in defending any legal, administrative or investigative proceedings may
be paid by our company in advance of the final disposition of such proceedings upon receipt of an undertaking by such party to repay the
amount if it shall ultimately be determined that such director, alternate director or officer is not entitled to be indemnified by our
company and upon such terms and conditions, if any, as our company deems appropriate.

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This standard of conduct is generally the same
as permitted under the Delaware General Corporation Law for a Delaware corporation. In addition, we intend to enter into indemnification
agreements with our directors and executive officers that will provide such persons with additional indemnification beyond that provided
in our articles.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to our directors, officers or persons controlling us under 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.

Anti-Takeover Provisions in Our Articles

Some provisions of our articles may discourage,
delay or prevent a change in control of our company or management that shareholders may consider favorable, including provisions that
authorize our board of directors to issue shares at such times and on such terms and conditions as the board of directors may decide without