Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 71

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 71
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 due and payable until it is paid:                                                                       |

| (a) | at                                                                                     
 the rate fixed by the terms of allotment of the Share or in the notice of the call; or |

| (b) | if                                     
 no rate is fixed, at the Default Rate. |

The directors may waive payment of the interest wholly or in part.

Deemed calls

| 7.7 | Any                                                                                                                                   
 amount payable in respect of a Share, whether on allotment or on a fixed date or otherwise, shall be deemed to be payable as a call.  
 If the amount is not paid when due the provisions of these Articles shall apply as if the amount had become due and payable by virtue 
 of a call.                                                                                                                            |

Power to accept early payment

| 7.8 | The                                                                                                                                
 Company may accept from a Member the whole or a part of the amount remaining unpaid on Shares held by him although no part of that 
 amount has been called up.                                                                                                         |

Power to make different arrangements at time of issue of Shares

| 7.9 | Subject                                                                                                                             
 to the terms of allotment, the directors may make arrangements on the issue of Shares to distinguish between Members in the amounts 
 and times of payment of calls on their Shares.                                                                                      |

| Annex C-20 |

Notice of default

| 7.10 | If                                                                                                                               
 a call remains unpaid after it has become due and payable the directors may give to the person from whom it is due not less than 
 14 Clear Days’ notice requiring payment of:                                                                                      |

| (a) | the            
 amount unpaid; |

| (b) | any                              
 interest which may have accrued; |

| (c) | any                                                                            
 expenses which have been incurred by the Company due to that person’s default. |

| 7.11 | The                               
 notice shall state the following: |

| (a) | the                                    
 place where payment is to be made; and |

| (b) | a                                                                                                                               
 warning that if the notice is not complied with the Shares in respect of which the call is made will be liable to be forfeited. |

Forfeiture or surrender of Shares

| 7.12 | If                                                                                                                                          
 the notice under the preceding Article is not complied with, the directors may, before the payment required by the notice has been          
 received, resolve that any Share the subject of that notice be forfeited. The forfeiture shall include all dividends or other moneys        
 payable in respect