Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 56

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 56
---
 months from the closing of the IPO pursuant to Article 37.8 (subject in the latter case to valid one-month extensions having been made in each case)” to “beyond 48 months from the closing of the IPO pursuant to Article 37.8”,and

The fourth amended and restated memorandum and articles of association of the Company be and are hereby approved and adopted, in substitution for, and to the exclusion of, the Third Amended and Restated Memorandum and Articles of Association of the Company with immediate effect to reflect the above amendments.

| Annex A-1 |

<div align='center'>ANNEX B

PROPOSED AMENDMENT NO. 3
TO THE
INVESTMENT MANAGEMENT TRUST AGREEMENT</div>

This Amendment No. 3 (this “ Amendment”), dated as of [ ], to the Investment Management Trust Agreement (as defined below) is made by and between Embrace Change Acquisition Corp. (the “ Company”) and Continental Stock Transfer & Trust Company, as trustee (“ Trustee”). All terms used but not defined herein shall have the meanings assigned to them in the Trust Agreement.

WHEREAS, the Company and the Trustee entered into an Investment Management Trust Agreement dated as of August 9, 2022 (the “Trust Agreement”):

WHEREAS, Section l(i) of the Trust Agreement sets forth the terms that govern the liquidation of the Trust Account under the circumstances described therein;

WHEREAS, the Amendment No. 2 of the Trust Agreement requires the Company to deposit $75,000 into the Trust Account for each one-month extension from August 12, 2024 for up to twelve months;

WHEREAS, at an Extraordinary General Meeting of the Company held on [ ] (the “Extraordinary General Meeting”), the Company’s shareholders approved (i) a proposal to amend the Company’s amended and restated articles of association (the “A&R AA”) giving the Company the right to extend the date by which it has to consummate a business combination twelve (12) months, from August 12, 2025 to August 12, 2026 (i.e., for a period of time ending 48 months from the consummation of its initial public offering); and (ii) a proposal to amend the Trust Agreement so the Company is not required to make any deposit into the Trust Account for the extension of the twelve months; and

NOW THEREFORE, IT IS AGREED:

1. Section l(i) of the Trust Agreement is hereby amended and