Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 104

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 104
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 set off

| 26.6 | The                                                                                                                              
 directors may deduct from a dividend or any other amount payable to a person in respect of a Share any amount due by that person 
 to the Company on a call or otherwise in relation to a Share.                                                                    |

| Annex C-45 |

Power to pay other than in cash

| 26.7 | If                                                                                                                                         
 the directors so determine, any resolution declaring a dividend may direct that it shall be satisfied wholly or partly by the distribution 
 of assets. If a difficulty arises in relation to the distribution, the directors may settle that difficulty in any way they consider       
 appropriate. For example, they may do any one or more of the following:                                                                    |

| (a) | issue              
 fractional Shares; |

| (b) | fix                                                                                                                                 
 the value of assets for distribution and make cash payments to some Members on the footing of the value so fixed in order to adjust 
 the rights of Members; and                                                                                                          |

| (c) | vest                     
 some assets in trustees. |

How payments may be made

| 26.8 | A                                                                                                      
 dividend or other monies payable on or in respect of a Share may be paid in any of the following ways: |

| (a) | if                                                                                                                                
 the Member holding that Share or other person entitled to that Share nominates a bank account for that purpose - by wire transfer 
 to that bank account; or                                                                                                          |

| (b) | by                                                                                                                               
 cheque or warrant sent by post to the registered address of the Member holding that Share or other person entitled to that Share |

| 26.9 | For                                                                                                                                     
 the purpose of paragraph (a) of the preceding Article, the nomination may be in writing or in an Electronic Record and the bank account 
 nominated may be the bank account of another person. For the                                                                            |

| 26.10 | If                                                                                                                                    
 two or more persons are registered as the holders of the Share or are jointly entitled to it by reason of the death or bankruptcy     
 of the registered holder (Joint Holders), a dividend (or other amount) payable on or in respect of that Share may be paid as follows: |

| (a) | to                                                                                                                                 
 the registered address of the Joint Holder of the Share who is named first on the Register of Members or to the registered address 
 of the deceased or bankrupt holder, as the case may be; or                                                                         |

| (b) | to                                                                                                                                      
 the address or bank account of another person nominated by the