Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 73

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 73
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 to forfeited Shares:                                                        |

| (a) | that                                                                             
 the person making the declaration is a director or Secretary of the Company, and |

| (b) | that                                                                           
 the particular Shares have been forfeited or surrendered on a particular date. |

Subject to the execution of an instrument of transfer, if necessary, the declaration shall constitute good title to the Shares.

Sale of forfeited or surrendered Shares

| 7.18 | Any                                                                                                                                   
 person to whom the forfeited or surrendered Shares are disposed of shall not be bound to see to the application of the consideration, 
 if any, of those Shares nor shall his title to the Shares be affected by any irregularity in, or invalidity of the proceedings in     
 respect of, the forfeiture, surrender or disposal of those Shares.                                                                    |

| 8. | Transfer  
 of Shares |

Form of transfer

| 8.1 | Subject                                                                                                                                 
 to the following Articles about the transfer of Shares, and provided that such transfer complies with the rules and regulations of      
 the Designated Stock Exchange, the SEC and/or any other competent regulatory authority or otherwise under Applicable Law, a Member      
 may transfer Shares to another person by completing an instrument of transfer in a common form or in a form prescribed by the rules     
 and regulations of the Designated Stock Exchange, the SEC and/or any other competent regulatory authority or otherwise under Applicable 
 Law or in any other form approved by the directors, executed:                                                                           |

| (a) | where                                                          
 the Shares are Fully Paid, by or on behalf of that Member; and |

| (b) | where                                                                          
 the Shares are partly paid, by or on behalf of that Member and the transferee. |

| 8.2 | The                                                                                                                                  
 transferor shall be deemed to remain the holder of a Share until the name of the transferee is entered into the Register of Members. |

Power to refuse registration

| 8.3 | If                                                                                                                                           
 the Shares in question were issued in conjunction with rights, options or warrants issued pursuant to Article 3.4 on terms that one          
 cannot be transferred without the other, the directors shall refuse to register the transfer of any such Share without evidence satisfactory 
 to them of the like transfer of such option or warrant.                                                                                      |

Power to suspend registration

| 8.4 | The                                                                                                                                    
 directors may suspend registration of the transfer of Shares at such times and for such periods, not exceeding 30 days in any calendar 
 year, as