Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 61

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 61
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 any person, all provisions of laws, statutes, ordinances, rules, regulations, permits, certificates, judgments, decisions, decrees or orders of any governmental authority applicable to such person.

Articlesmeans, as appropriate:

| (a) | these                                                                                                                           
 Amended and Restated Articles of Association as amended, restated, supplemented and/or otherwise modified from time to time: or |

| (b) | two                                            
 or more particular Articles of these Articles; |

and Articlerefers to a particular Article of these Articles.

Audit Committeemeans the audit committee of the board of directors of the Company established pursuant to Article 23.8 hereof, or any successor audit committee.

Auditormeans the person for the time being performing the duties of auditor of the Company.

Business Combinationmeans a merger, share exchange, asset acquisition, share purchase, reorganisation or similar business combination involving the Company, with one or more businesses or entities (each a Target Business), which Business Combination: (a) must be with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in the trust account (net of amounts disbursed to management for working capital purposes, if permitted, and excluding the amount of any deferred underwriting discount and taxes payable on the interest earned on the trust account); and (b) must not be effectuated solely with another blank cheque company or a similar company with nominal operations.

| Annex C-11 |

Business Daymeans a day other than a day on which banking institutions or trust companies are authorised or obligated by law to close in New York City, a Saturday or a Sunday.

Clear Days, in relation to a period of notice, means that period excluding:

| (a) | the                                                     
 day when the notice is given or deemed to be given; and |

| (b) | the                                                         
 day for which it is given or on which it is to take effect. |

Clearing Housemeans a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

Companymeans the above-named company.

Compensation Committeemeans the compensation committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.

Default Ratemeans 10% (ten per cent) per annum.

Designated Stock Exchangemeans any United States national securities exchange, including the Nas