Company: RAYA
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001213900-25-070321
Chunk: 60

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-08-01
Form: 424B5
Chunk 60
---
ys unpaid on their shares, whether in respect of their par value or the premium
payable on those shares; each shareholder shall (subject to receiving at least 14 days’ notice specifying the time or times of payment)
pay to the Company at the time or times so specified the amount called on his shares. The joint holders of a share shall be jointly and
severally liable to pay calls in respect thereof and the holder or joint holders of a share at the time of a call shall remain liable
to pay the call on that share, notwithstanding any subsequent transfer of the share being registered by the Company. If a sum called in
respect of a share is not paid before or on the day appointed for payment of that call, the shareholder from whom such amount is due shall
pay interest upon the sum at such rate as the directors may determine from the day appointed for payment of the call to the time of the
actual payment. The directors shall have the discretion to waive payment of any such interest in full or in part..

The Company shall have a first and paramount
lien on every share, whether or not it is a fully paid share, for all moneys, whether presently payable or not, called or payable at
a fixed time in respect of that share and for all debts, liabilities or other obligations owed, whether presently or not, by the shareholder
or by one or more joint shareholders or by any of their estates to the Company (together, the lien amounts) but the directors may, at
any time, declare any share to be wholly or in part exempt from this article. the Company’s lien, if any, on a share shall extend
to all distributions payable thereon. Any registration of the transfer of a share shall operate to extinguish the Company’s lien
on that share.

<div align='center'>S-26</div>

We may sell, in such manner as the directors think
fit, any shares in which the Company has a lien, but no sale shall be made unless some amount in respect of which the lien exists is presently
payable and the period of fourteen days has elapsed after the Company has given a notice in writing, stating and demanding payment of
such part of the presently payable amount, to the relevant member.

Unclaimed Dividend

A dividend that remains unclaimed for a period
of six years after it became due for payment shall be forfeited to, and shall revert to the Company.

Forfeiture of Shares

If a shareholder fails to pay any