Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 106

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 106
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| (c) | If                                                                                                                                
 the directors act in good faith, they shall not incur any liability to the Members holding Shares conferring preferred rights for 
 any loss those Members may suffer by the lawful payment of the dividend on any Shares having deferred or non-preferred rights.    |

Apportionment of dividends

| 26.5 | Except                                                                                                                            
 as otherwise provided by the rights attached to Shares, all dividends shall be declared and paid according to the amounts paid up 
 on the Shares on which the dividend is paid. All dividends shall be apportioned and paid proportionately to the amount paid up on 
 the Shares during the time or part of the time in respect of which the dividend is paid. If a Share is issued on terms providing  
 that it shall rank for dividend as from a particular date, that Share shall rank for dividend accordingly.                        |

Right of 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 |