Company: RAYA
Filing Date: 2025-07-28
Form Type: 424B5
Source: 0001213900-25-067907
Chunk: 69

Company: Erayak Power Solution Group Inc.
Filing Date: 2025-07-28
Form: 424B5
Chunk 69
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 articles of association provides that every director, alternate director
or officer shall be indemnified out of the assets of the 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 wilful default. No
such director, alternate director or officer shall be liable to the Company for any loss or damage in carrying out his functions unless
that liability arises through the actual fraud or wilful 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 the 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 the Company deems appropriate.

<div align='center'>S-34</div>

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
any further vote or action by our shareholders.

Under the Companies Act, our directors may only
exercise the rights and powers granted to them under our articles for what they believe in good faith to be in the best interests of our
company and for a proper purpose.

Directors’ Fiduciary Duties

Under Delaware corporate law, a director of a
Delaware corporation has a fiduciary duty to the corporation and its shareholders