Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 116

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 116
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 or disposing of Shares may exercise this redemption right with respect to 20% or more of the Public        
 Shares without the Company’s prior consent, and provided further that any holder that holds Public Shares beneficially through             
 a nominee must identify itself to the Company in connection with any redemption election in order to validly redeem such Public Shares.    
 In connection with any vote held to approve a proposed Business Combination, holders of Public Shares seeking to exercise their redemption 
 rights will be required to either tender their certificates (if any) to the Company’s transfer agent or to deliver their shares            
 to the transfer agent electronically using The Depository Trust Company’s DWAC (Deposit/Withdrawal At Custodian) System, at                
 the holder’s option, in each case up to two business days prior to the initially scheduled vote on the proposal to approve                 
 a Business Combination. If so demanded, the Company shall pay any such redeeming Member, regardless of whether he is voting for or         
 against such proposed Business Combination or abstains from voting, a per-Share redemption price payable in cash, equal to the aggregate   
 amount then on deposit in the Trust Account calculated as of two business days prior to the consummation of a Business Combination,        
 including interest earned on the Trust Account not previously released to the Company to pay its income taxes, if any, divided by          
 the number of Public Shares then in issue (such redemption price being referred to herein as the Redemption Price).                        |

| Annex C-54 |

| 37.7 | The                                                                                                                               
 Redemption Price shall be paid promptly following the consummation of the relevant Business Combination. If the proposed Business 
 Combination is not approved or completed for any reason then such redemptions shall be cancelled and share certificates (if any)  
 returned to the relevant Members as appropriate.                                                                                  |

| 37.8 | The                                                                                                                               
 Company has until 48 months from the closing of the IPO to consummate a Business Combination, provided however that if the Board  
 of Directors anticipates that the Company may not be able to consummate a Business Combination within 36 months from the closing  
 of the IPO, the Company may, by Resolution of Directors, at the request of the Sponsor, extend the period of time to consummate a 
 Business Combination for twelve months. In the event that the Company does not consummate a Business Combination by 48            
 months from the closing of the IPO or such later time as the Members of the Company may approve in accordance with these Articles 
 (the “Extended Date