Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 94

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 94
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 of a Business Combination. The directors shall also, whether    
 prior to or after the consummation of a Business Combination, be entitled to be paid all out of pocket expenses properly incurred    
 by them in connection with activities on behalf of the Company, including identifying and consummating a Business Combination.       |

| 18.11 | Remuneration                                                                                                                          
 may take any form and may include arrangements to pay pensions, health insurance, death or sickness benefits, whether to the director 
 or to any other person connected to or related to him.                                                                                |

| 18.12 | Unless                                                                                                                             
 his fellow directors determine otherwise, a director is not accountable to the Company for remuneration or other benefits received 
 from any other company which is in the same group as the Company or which has common shareholdings.                                |

Disclosure of information

| 18.13 | The                                                                                                                                
 directors may release or disclose to a third party any information regarding the affairs of the Company, including any information 
 contained in the Register of Members relating to a Member, (and they may authorise any director, Officer or other authorised agent 
 of the Company to release or disclose to a third party any such information in his possession) if:                                 |

| (a) | the                                                                                                                               
 Company or that person, as the case may be, is lawfully required to do so under the laws of any jurisdiction to which the Company 
 is subject; or                                                                                                                    |

| (b) | such                                                                                                            
 disclosure is in compliance with the rules of any stock exchange upon which the Company’s shares are listed; or |

| (c) | such                                                                          
 disclosure is in accordance with any contract entered into by the Company; or |

| (d) | the                                                                                               
 directors are of the opinion such disclosure would assist or facilitate the Company’s operations. |

| 19. | Delegation 
 of powers  |

Power to delegate any of the directors’ powers to a committee

| 19.1 | The                                                                                                                                     
 directors may delegate any of their powers to any committee consisting of one or more persons who need not be Members (including,       
 without limitation, the Audit Committee, the Compensation Committee and the Nominating Committee). Persons on the committee may include 
 non-directors so long as the majority of those persons are directors.                                                                   |

| Annex C-38 |

| 19.2 | The                                                                                   
 delegation may be collateral with, or to the exclusion of, the directors’ own powers. |

| 19.