Company: EMCRF
Filing Date: 2025-01-27
Form Type: 425
Source: 0001829126-25-000388
Chunk: 6

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-01-27
Form: 425
Chunk 6
---
 copies of all necessary governmental approvals, and no such 
 governmental approval shall have been revoked;                                             |

| g) | The                                                                                      
 Parent Parties having received a copy of each of the Additional Agreements duly executed 
 by all required parties thereto, other than Parent; and                                  |

| h) | The                                                                                        
 Parent Parties having received copies of third party consents relating to the Acquisition  
 Merger and set forth on disclosure schedules in form and substance reasonably satisfactory 
 to the Parent Parties, and no such consents have been revoked.                             |

<div align='center'>3</div>

Outside Date

EMCG and the Company have agreed that the closing of the Business Combination (the “ Closing”) shall occur no later than August 12, 2025 (the “ Outside Date”).

Termination

The Merger Agreement may be terminated and/or abandoned at any time prior to the Closing, whether before or after approval of the proposals being presented to the shareholders of Purchaser, by:

| ● | Mutual                                                                                            
 written consent of the Parent Parties and the Company duly authorized by each of their respective 
 boards of directors;                                                                              |

| ● | Any                                                                                             
 of the Parent Parties, if any of the representations or warranties of the Company shall not     
 be materially true and materially correct, or if the Company has failed to perform any covenant 
 which, if capable of being cured is not cured (or waived by the Parent Parties) by the earlier  
 of (i) the Outside Date or (ii) 20 days after written notice thereof is delivered to the        
 Company, provided that the Parent Parties are not in breach of the Merger Agreement at such     
 time;                                                                                           |

| ● | The                                                                                            
 Company, if any of the representations or warranties of the Parent Parties shall not be true   
 and correct, or if any Parent Party has failed to perform any covenant which, if capable       
 of being cured is not cured (or waived by the Company) by the earlier of (i) the Outside       
 Date or (ii) 20 days after written notice thereof is delivered to the Parent Parties, provided 
 that the Company is not in breach of the Merger Agreement at such time; or                     |

| ● | The                                                                                             
 Company or any Parent Party on or after the Outside Date, (i) if the Acquisition Merger shall   
 not have been consummated prior to the Outside Date; provided, however, that the terminating    
 party shall not be in breach of the Merger Agreement as of the date of such termination