Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 77

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 77
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 its Shares or any of them into Shares of an amount smaller than that fixed by the Memorandum, so, however, that in the sub-division, 
 the proportion between the amount paid and the amount, if any, unpaid on each reduced Share shall be the same as it was in case of   
 the Share from which the reduced Share is derived; and                                                                               |

| (e) | cancel                                                                                                                                 
 Shares which, at the date of the passing of that Ordinary Resolution, have not been taken or agreed to be taken by any person, and     
 diminish the amount of its share capital by the amount of the Shares so cancelled or, in the case of Shares without nominal par value, 
 diminish the number of Shares into which its capital is divided.                                                                       |

Dealing with fractions resulting from consolidation of Shares

| 10.2 | Whenever,                                                                                                                          
 as a result of 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:                                                                  |

| (