Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 60

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 60
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 C-54 |
| 38. | Certain                                                                          
 Tax Filings                                                                      |     | C-57 |
| 39. | Business                                                                         
 Opportunities                                                                    |     | C-57 |

| Annex C-10 |

<div align='center'>Companies Act (Revised)

Company Limited by Shares

Fourth Amended and Restated

Articles of Association

of

Embrace Change Acquisition Corp.

Adopted by special resolution dated [ ]</div>

| 1. | Definitions,                            
 interpretation and exclusion of Table A |

Definitions

| 1.1 | In                                               
 these Articles, the following definitions apply: |

Actmeans the Companies Act (Revised) of the Cayman Islands.

Affiliatein respect of a person, means any other person that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such person, and (a) in the case of a natural person, shall include, without limitation, such person’s spouse, parents, children, siblings, mother-in-law and father-in-law and brothers and sisters-in-law, whether by blood, marriage or adoption or anyone residing in such person’s home, a trust for the benefit of any of the foregoing, a company, partnership or any natural person or entity wholly or jointly owned by any of the foregoing and (b) in the case of an entity, shall include a partnership, a corporation or any natural person or entity which directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such entity.

Applicable Lawmeans, with respect to any person, all provisions of laws, statutes, ordinances, rules, regulations, permits, certificates, judgments, decisions, decrees or orders of any governmental authority applicable to such person.

Articlesmeans, as appropriate:

| (a) | these                                                                                                                           
 Amended and Restated Articles of Association as amended, restated, supplemented and/or otherwise modified from time to time: or |

| (b) | two                                            
 or more particular Articles of these Articles; |

and Articlerefers to a particular Article of these Articles.

Audit Committeemeans the audit committee of the board of directors of the Company established pursuant to Article 23.8 hereof, or any successor audit committee.

Auditormeans the person for the time being performing the duties of auditor of the Company.

Business Combinationmeans a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business