Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 76

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 76
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 a consolidation of Shares, any Members would become entitled to fractions of a Share the directors may on behalf of 
 those Members:                                                                                                                     |

| (a) | sell                                                                                                                               
 the Shares representing the fractions for the best price reasonably obtainable to any person (including, subject to the provisions 
 of the Act, the Company); and                                                                                                      |

| (b) | distribute                                              
 the net proceeds in due proportion among those Members. |

For that purpose, the directors may authorise some person to execute an instrument of transfer of the Shares to, or in accordance with the directions of, the purchaser. The transferee shall not be bound to see to the application of the purchase money nor shall the transferee’s title to the Shares be affected by any irregularity in, or invalidity of, the proceedings in respect of the sale.

Reducing share capital

| 10.3 | Subject                                                                                                                            
 to the Act and to any rights for the time being conferred on the Members holding a particular class of Shares, the Company may, by 
 Special Resolution, reduce its share capital in any way.                                                                           |

| 11. | Redemption                 
 and purchase of own Shares |

Power to issue redeemable Shares and to purchase own Shares

| 11.1 | Subject                                                                                                                               
 to the Act and Article 37, and to any rights for the time being conferred on the Members holding a particular class of Shares, and,   
 where applicable, the rules and regulations of the Designated Stock Exchange, the SEC and/or any other competent regulatory authority 
 or otherwise under Applicable Law, the Company may by its directors:                                                                  |

| (a) | issue                                                                                                                                
 Shares that are to be redeemed or liable to be redeemed, at the option of the Company or the Member holding those redeemable Shares, 
 on the terms and in the manner its directors determine before the issue of those Shares;                                             |

| Annex C-24 |

| (b) | with                                                                                                                                
 the consent by Special Resolution of the Members holding Shares of a particular class, vary the rights attaching to that class of   
 Shares so as to provide that those Shares are to be redeemed or are liable to be redeemed at the option of the Company on the terms 
 and in the manner which the directors determine at the time of such variation; and                                                  |

| (c) | purchase                                                                                                                               
 all or any of its own Shares of any class including any redeemable Shares on the terms and in the manner which the directors determine 
 at the time of such purchase