Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 69

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 69
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 if all of the following conditions are met: |

| (a) | the                                                           
 sum in respect of which the lien exists is presently payable; |

| (b) | the                                                                                                                                
 Company gives notice to the Member holding the Share (or to the person entitled to it in consequence of the death or bankruptcy of 
 that Member) demanding payment and stating that if the notice is not complied with the Shares may be sold; and                     |

| (c) | that                                                                                              
 sum is not paid within 14 Clear Days after that notice is deemed to be given under these Articles |

| 6.4 | The                                                           
 Shares may be sold in such manner as the directors determine. |

| 6.5 | To                                                                                                                                 
 the maximum extent permitted by Applicable Law, the directors shall incur no personal liability to the Member concerned in respect 
 of the sale.                                                                                                                       |

Authority to execute instrument of transfer

| 6.6 | To                                                                                                                                         
 give effect to a sale, the directors may authorise any person to execute an instrument of transfer of the Shares sold to, or in accordance 
 with the directions of, the purchaser. The title of the transferee of the Shares shall not be affected by any irregularity or invalidity   
 in the proceedings in respect of the sale.                                                                                                 |

Consequences of sale of Shares to satisfy lien

| 6.7 | On                                       
 sale pursuant to the preceding Articles: |

| (a) | the                                                                                                           
 name of the Member concerned shall be removed from the Register of Members as the holder of those Shares; and |

| (b) | that                                                                                   
 person shall deliver to the Company for cancellation the certificate for those Shares. |

Despite this, that person shall remain liable to the Company for all monies which, at the date of sale, were presently payable by him to the Company in respect of those Shares. That person shall also be liable to pay interest on those monies from the date of sale until payment at the rate at which interest was payable before that sale or, failing that, at the Default Rate. The directors may waive payment wholly or in part or enforce payment without any allowance for the value of the Shares at the time of sale or for any consideration received on their disposal.

Application of proceeds of sale

| 6.8 | The                                                                                                                               
 net proceeds of the sale, after payment of the costs, shall be applied in payment of so much of the sum for which the lien exists 
 as is presently payable. Any residue shall