Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 68

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 68
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 the share premium accounts for those classes of   
 Shares (in the proportion that the sum of the issue prices for each class of Shares that the Member holds bears to the total issue 
 prices for all classes of Shares that the Member holds).                                                                           |

| (c) | It                                                                                             
 shall be subject to the provisions of the Act and these Articles applicable to share premiums. |

No bearer Shares or warrants

| 3.13 | The                                                    
 Company shall not issue Shares or warrants to bearers. |

Treasury Shares

| 3.14 | Shares                                                                                                                              
 that the Company purchases, redeems or acquires by way of surrender in accordance with the Act shall be held as Treasury Shares and 
 not treated as cancelled if:                                                                                                        |

| (a) | the                                                                                        
 directors so determine prior to the purchase, redemption or surrender of those shares; and |

| (b) | the                                                                                         
 relevant provisions of the Memorandum and Articles and the Act are otherwise complied with. |

Rights attaching toTreasury Shares and related matters

| 3.15 | No                                                                                                                            
 dividend may be declared or paid, and no other distribution (whether in cash or otherwise) of the Company’s assets (including 
 any distribution of assets to members on a winding up) may be made to the Company in respect of a Treasury Share.             |

| 3.16 | The                                                                                     
 Company shall be entered in the Register as the holder of the Treasury Shares. However: |

| (a) | the                                                                                                                              
 Company shall not be treated as a member for any purpose and shall not exercise any right in respect of the Treasury Shares, and 
 any purported exercise of such a right shall be void;                                                                            |

| (b) | a                                                                                                                                
 Treasury Share shall not be voted, directly or indirectly, at any meeting of the Company and shall not be counted in determining 
 the total number of issued shares at any given time, whether for the purposes of these Articles or the Act.                      |

| 3.17 | Nothing                                                                                                                                
 in the preceding Article prevents an allotment of Shares as fully paid bonus shares in respect of a Treasury Share and Shares allotted 
 as fully paid bonus shares in respect of a Treasury Share shall be treated as Treasury Shares.                                         |

| 3.18 | Treasury                                                                                                                                   
 Shares may be disposed of by the Company in accordance with the Act and otherwise on such terms and conditions as the directors determine. |

| Annex C-17 |

| 4. | Register   
 of Members |