Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 66

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 66
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 Company, on such terms and conditions as the directors may decide. The securities comprising 
 any such units which are issued pursuant to the IPO can only be traded separately from one another on the 52nd day following the        
 date of the prospectus relating to the IPO unless the Representative(s) determines that an earlier date is acceptable, subject to       
 the Company having filed a current report on Form 8-K containing an audited balance sheet reflecting the Company’s receipt              
 of the gross proceeds of the IPO with the SEC and a press release announcing when such separate trading will begin. Prior to such       
 date, the units can be traded, but the securities comprising such units cannot be traded separately from one another.                   |

Power to issue fractions of a Share

| 3.5 | Subject                                                                                                                                    
 to the Act, the Company may issue fractions of a Share of any class. A fraction of a Share shall be subject to and carry the corresponding 
 fraction of liabilities (whether with respect to calls or otherwise), limitations, preferences, privileges, qualifications, restrictions,  
 rights and other attributes of a Share of that class of Shares.                                                                            |

| Annex C-15 |

Power to pay commissions and brokerage fees

| 3.6 | The                                                                                                        
 Company may, in so far as the Act permits, pay a commission to any person in consideration of that person: |

| (a) | subscribing                                                       
 or agreeing to subscribe, whether absolutely or conditionally; or |

| (b) | procuring                                                             
 or agreeing to procure subscriptions, whether absolute or conditional |

for any Shares in the Company. That commission may be satisfied by the payment of cash or the allotment of Fully Paid or partly-paid Shares or partly in one way and partly in another.

| 3.7 | The                                                                                                     
 Company may employ a broker in the issue of its capital and pay him any proper commission or brokerage. |

Trusts not recognised

| 3.8 | Except                        
 as required by Applicable Law |

| (a) | the                                                                                                                                  
 Company shall not be bound by or compelled to recognise in any way (even when notified) any equitable, contingent, future or partial 
 interest in any Share, or (except only as is otherwise provided by these Articles or the Act) any other rights in respect of any     
 Share other than an absolute right to the entirety thereof in the holder; and                                                        |

| (b) | no                                                                                              
 person other than the Member shall be recognised by the Company as having any right in a Share.