Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 204

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 204
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 payment default that resulted from such acceleration);                                                     |

| ● | make                                                                              
 any debt security payable in money other than that stated in the debt securities; |

| ● | make                                                                                                                                          
 any change in the provisions of the applicable indenture relating to waivers of past defaults or the rights of holders of the debt securities 
 to receive payments of principal of, or interest or premium, if any, on, the debt securities;                                                 |

| ● | waive                                                                                                                          
 a redemption payment with respect to any debt security (except as otherwise provided in the applicable prospectus supplement); |

| ● | except                                                                                                                                      
 in connection with an offer by us to purchase all debt securities, (1) waive certain events of default relating to the payment of dividends 
 or (2) amend certain covenants relating to the payment of dividends and the purchase or redemption of certain equity interests;             |

| ● | make                                                                                                                                  
 any change to the subordination or ranking provisions of the indenture or the related definitions that adversely affect the rights of 
 any holder; or                                                                                                                        |

| ● | make                                                         
 any change in the preceding amendment and waiver provisions. |

The indentures permit the holders of at least
a majority in aggregate principal amount of the outstanding debt securities of any series issued under the indenture which is affected
by the modification or amendment to waive our compliance with certain covenants contained in the indentures.

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Payment and Paying Agents

Unless otherwise indicated in the applicable prospectus
supplement, payment of interest on a debt security on any interest payment date will be made to the person in whose name a debt security
is registered at the close of business on the record date for the interest.

Unless otherwise indicated in the applicable prospectus
supplement, principal, interest and premium on the debt securities of a particular series will be payable at the office of such paying
agent or paying agents as we may designate for such purpose from time to time. Notwithstanding the foregoing, at our option, payment of
any interest may be made by check mailed to the address of the person entitled thereto as such address appears in the security register.

Unless otherwise indicated in the applicable prospectus
supplement, a paying agent designated by us will act as paying agent for payments with respect to debt securities of each series. All
paying agents initially designated by us for the debt securities of a particular series will be named in the applicable prospectus supplement.
We may at any time designate additional paying agents or resc