Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 60

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 60
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53 |
| 34. | Winding                                                                          
 up                                                                               |     | C-53 |
|     | Distribution                                                                     
 of assets in specie                                                              |     | C-53 |
|     | No                                                                               
 obligation to accept liability                                                   |     | C-53 |
|     | The                                                                              
 directors are authorised to present a winding up petition                        |     | C-53 |
| 35. | Amendment                                                                        
 of Memorandum and Articles                                                       |     | C-53 |
|     | Power                                                                            
 to change name or amend Memorandum                                               |     | C-53 |
|     | Power                                                                            
 to amend these Articles                                                          |     | C-53 |
| 36. | Mergers                                                                          
 and Consolidations                                                               |     | C-54 |
| 37. | Business                                                                         
 Combination                                                                      |     | C-54 |
| 38. | Certain                                                                          
 Tax Filings                                                                      |     | C-57 |
| 39. | Business                                                                         
 Opportunities                                                                    |     | C-57 |

| Annex C-10 |

<div align='center'>Companies Act (Revised)

Company Limited by Shares

Fourth Amended and Restated

Articles of Association

of

Embrace Change Acquisition Corp.

Adopted by special resolution dated August 11, 2025</div>

| 1. | Definitions,                            
 interpretation and exclusion of Table A |

Definitions

| 1.1 | In                                               
 these Articles, the following definitions apply: |

Actmeans the Companies Act (Revised) of the Cayman Islands.

Affiliatein respect of a person, means any other person that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such person, and (a) in the case of a natural person, shall include, without limitation, such person’s spouse, parents, children, siblings, mother-in-law and father-in-law and brothers and sisters-in-law, whether by blood, marriage or adoption or anyone residing in such person’s home, a trust for the benefit of any of the foregoing, a company, partnership or any natural person or entity wholly or jointly owned by any of the foregoing and (b) in the case of an entity, shall include a partnership, a corporation or any natural person or entity which directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such entity.

Applicable Lawmeans, with respect to