Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 73

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 73
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| (b) | any                              
 interest which may have accrued; |

| (c) | any                                                                            
 expenses which have been incurred by the Company due to that person’s default. |

| 7.11 | The                               
 notice shall state the following: |

| (a) | the                                    
 place where payment is to be made; and |

| (b) | a                                                                                                                               
 warning that if the notice is not complied with the Shares in respect of which the call is made will be liable to be forfeited. |

Forfeiture or surrender of Shares

| 7.12 | If                                                                                                                                          
 the notice under the preceding Article is not complied with, the directors may, before the payment required by the notice has been          
 received, resolve that any Share the subject of that notice be forfeited. The forfeiture shall include all dividends or other moneys        
 payable in respect of the forfeited Share and not paid before the forfeiture. Despite the foregoing, the directors may determine            
 that any Share the subject of that notice be accepted by the Company as surrendered by the Member holding that Share in lieu of forfeiture. |

| 7.13 | The                                                                              
 directors may accept the surrender for no consideration of any Fully Paid Share. |

Disposal of forfeited or surrendered Share and power to cancel forfeiture or surrender

| 7.14 | A                                                                                                                                  
 forfeited or surrendered Share may be sold, re-allotted or otherwise disposed of on such terms and in such manner as the directors 
 determine either to the former Member who held that Share or to any other person. The forfeiture or surrender may be cancelled on  
 such terms as the directors think fit at any time before a sale, re-allotment or other disposition. Where, for the purposes of its 
 disposal, a forfeited or surrendered Share is to be transferred to any person, the directors may authorise some person to execute  
 an instrument of transfer of the Share to the transferee.                                                                          |

| 7.15 | On                       
 forfeiture or surrender: |

| (a) | the                                                                                                                                  
 name of the Member concerned shall be removed from the Register of Members as the holder of those Shares and that person shall cease 
 to be a Member in respect of those Shares; and                                                                                       |

| (b) | that                                                                                                                     
 person shall surrender to the Company for cancellation the certificate (if any) for the forfeited or surrendered Shares. |

| 7.16 | Despite                                                                                                                                  
 the forfeiture or surrender of his Shares, that person shall remain liable