Company: EMCRF
Filing Date: 2025-01-27
Form Type: 8-K
Source: 0001829126-25-000387
Chunk: 2

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-01-27
Form: 8-K
Item: Item 1.01
Chunk 2
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obligations of the Parent Parties to consummate the transactions contemplated by the Merger Agreement, in addition to the conditions
described above in the first paragraph of this section, are conditioned upon each of the following, among other things:

  The                                                                                       

  The                                                                                           

  There                                                   

  The                                                                                              

  The                                                                                            

  The                                                                                         

  The                                                                                       

  The                                                                                         

Outside
Date

EMCG
and the Company have agreed that the closing of the Business Combination (the “ Closing 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                                                                                             

  Any                                                                                              

  The                                                                                             

  The                                                                                              

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 Sponsor Support Agreement

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.

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

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

The
foregoing description of the Registration Rights Agreement does not purport to be complete and is qualified in its entirety by the terms
and conditions of the actual agreement, a form of which is filed as Exhibit 10.3 hereto.

Lock-up
Agreements

The
Sponsor