Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 65

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 65
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 excluded and do not apply to the Company.                                                                 |

| Annex C-14 |

| 2. | Commencement 
 of Business  |

| 2.1 | The                                                                                                           
 business of the Company may be commenced as soon after incorporation of the Company as the directors see fit. |

| 2.2 | The                                                                                                                                         
 directors may pay, out of the capital or any other monies of the Company, all expenses incurred in or about the formation and establishment 
 of the Company, including the expenses of registration.                                                                                     |

| 3. | Shares |

Power to issue Shares and options, with or without special rights

| 3.1 | Subject                                                                                                                               
 to the provisions, if any, in the Act the Memorandum (and to any direction that may be given by the Company in general meeting),      
 these Articles and, where applicable, the rules and regulations of the Designated Stock Exchange, the SEC and/or any other competent  
 regulatory authority or otherwise under Applicable Law, and without prejudice to any rights attached to any existing Shares, the      
 directors have general and unconditional authority to allot (with or without confirming rights of renunciation), issue, grant options 
 over or otherwise deal with any unissued Shares of the Company to such persons, at such times and on such terms and conditions as     
 they may decide. No Share may be issued at a discount except in accordance with the provisions of the Act.                            |

| 3.2 | Without                                                                                                 
 limitation to the preceding Article, the directors may so deal with the unissued Shares of the Company: |

| (a) | either                  
 at a premium or at par; |

| (b) | with                                                                                                                               
 or without preferred, deferred or other special rights or restrictions whether in regard to dividend, voting, return of capital or 
 otherwise.                                                                                                                         |

| 3.3 | The                                                                                                                                 
 Company may issue rights, options, warrants or convertible securities or securities of similar nature conferring the right upon the 
 holders thereof to subscribe for, purchase or receive any class of Shares or other securities in the Company at such times and on   
 such terms and conditions as the directors may decide.                                                                              |

| 3.4 | The                                                                                                                                     
 Company may issue units of securities in the Company, which may be comprised of Shares, rights, options, warrants or convertible        
 securities or securities of similar nature conferring the right upon the holders thereof to subscribe for, purchase or receive any      
 class of Shares or other securities in the