Company: EMCRF
Filing Date: 2025-01-27
Form Type: 425
Source: 0001829126-25-000388
Chunk: 7

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-01-27
Form: 425
Chunk 7
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 provided further, that if the parties will enter into good faith discussions, with a view       
 to continuing to pursue the transactions contemplated by this Agreement on terms and conditions 
 mutually agreed by the parties; (ii) if any governmental order preventing the consummation      
 of the Business Combination shall be in effect and shall have become final and non-appealable;  
 or (iii) if any of the matters to be approved by EMCG’s shareholders in connection              
 with the Business Combination are not so approved.                                              |

The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the actual agreement, which is filed as Exhibit 2.1 hereto and incorporated by reference herein.

Related Agreements

Sponsor Support Agreement

Contemporaneously with the execution of the Merger Agreement, Wuren Fubao Inc. (the “ Sponsor”) has entered into a support agreement with EMCG and the Company (the “ Sponsor Support Agreement”), pursuant to which the Sponsor has agreed to, among other things, approve the Merger Agreement and the Business Combination and other transactions contemplated hereby, and not transfer their Parent securities prior to the Closing.

The foregoing description of the Sponsor Support Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the actual agreement, a copy of which is filed as Exhibit 10.1 hereto.

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Company Support Agreement

Contemporaneously with the execution of the Merger Agreement, certain stockholders of the Company have entered into a support agreement with EMCG and the Company (the “ Company Support Agreement”), pursuant to which such shareholders have agreed to, among other things, approve the Merger Agreement and the Business Combination and other transactions contemplated hereby, and not transfer their securities prior to the Closing.

The foregoing description of the Shareholder Support Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the actual agreement, a copy of which form is filed as Exhibit 10.2 hereto.

Registration Rights Agreement

At the closing of the Proposed Business Combination, Reincorporation Merger Surviving Corporation, Sponsor and certain shareholders of the Company will enter into a registration rights agreement (the “ Registration Rights Agreement”) with the principal shareholders with respect to certain shares, units, private units (and the private shares and private warrants) to the extent they own at the Closing. The Registration Rights Agreement will provide certain demand registration