Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 201

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 201
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 a manner that affects the interests or rights of the
holders of debt securities with the consent of the holders of at least a majority in aggregate principal amount of the outstanding debt
securities of each affected series issued under the indenture. However, the indentures require the consent of each holder of debt securities
that would be affected by any modification which would:

| ● | reduce                                                                                                    
 the principal amount of debt securities whose holders must consent to an amendment, supplement or waiver; |

| ● | reduce                                                                                                                                 
 the principal of or change the fixed maturity of any debt security or, except as provided in any prospectus supplement, alter or waive 
 any of the provisions with respect to the redemption of the debt securities;                                                           |

| ● | reduce                                                                                                    
 the rate of or change the time for payment of interest, including default interest, on any debt security; |

| ● | waive                                                                                                                                     
 a default or event of default in the payment of principal of or interest or premium, if any, on, the debt securities (except a rescission 
 of acceleration of the debt securities by the holders of at least a majority in aggregate principal amount of the then outstanding debt   
 securities and a waiver of the 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