Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 76

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 76
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s to become the holder of the Share, he must give notice to the Company to that effect. For the purposes of these 
 Articles, that notice shall be treated as though it were an executed instrument of transfer.                                      |

| 9.6 | If                                                              
 the person elects to transfer the Share to another person then: |

| (a) | if                                                                                  
 the Share is Fully Paid, the transferor must execute an instrument of transfer; and |

| (b) | if                                                                                                  
 the Share is partly paid, the transferor and the transferee must execute an instrument of transfer. |

| 9.7 | All                                                                                                                         
 these Articles relating to the transfer of Shares shall apply to the notice or, as appropriate, the instrument of transfer. |

Indemnity

| 9.8 | A                                                                                                                                  
 person registered as a Member by reason of the death or bankruptcy of another Member shall indemnify the Company and the directors 
 against any loss or damage suffered by the Company or the directors as a result of that registration.                              |

Rights of person entitled to a Share following death or bankruptcy

| 9.9 | A                                                                                                                                        
 person becoming entitled to a Share by reason of the death or bankruptcy of a Member shall have the rights to which he would be entitled 
 if he were registered as the holder of the Share. However, until he is registered as Member in respect of the Share, he shall not        
 be entitled to attend or vote at any meeting of the Company or at any separate meeting of the holders of that class of Shares in         
 the Company.                                                                                                                             |

| Annex C-23 |

| 10. | Alteration 
 of capital |

Increasing, consolidating, converting, dividing and cancelling share capital

| 10.1 | To                                                                                                                               
 the fullest extent permitted by the Act, the Company may by Ordinary Resolution do any of the following and amend its Memorandum 
 for that purpose:                                                                                                                |

| (a) | increase                                                                                                                                
 its share capital by new Shares of the amount fixed by that Ordinary Resolution and with the attached rights, priorities and privileges 
 set out in that Ordinary Resolution;                                                                                                    |

| (b) | consolidate                                                                                       
 and divide all or any of its share capital into Shares of larger amount than its existing Shares; |

| (c) | convert                                                                                                        
 all or any of its Paid Up Shares into stock, and reconvert that stock into Paid Up Shares of any denomination; |

| (d) | sub-divide