Company: EMCRF
Filing Date: 2025-07-28
Form Type: DEF 14A
Source: 0001641172-25-021158
Chunk: 87

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-28
Form: DEF 14A
Chunk 87
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 of those Shares appears first in the Register of Members shall be accepted to the exclusion of the 
 votes of the other joint holder.                                                                                                    |

Representation of corporate Members

| 14.7 | Save                                                                                       
 where otherwise provided, a corporate Member must act by a duly authorised representative. |

| 14.8 | A                                                                                                                                  
 corporate Member wishing to act by a duly authorised representative must identify that person to the Company by notice in writing. |

| 14.9 | The                                                                                                                               
 authorisation may be for any period of time, and must be delivered to the Company not less than two hours before the commencement 
 of the meeting at which it is first used.                                                                                         |

| 14.10 | The                                                                                                                                
 directors of the Company may require the production of any evidence which they consider necessary to determine the validity of the 
 notice.                                                                                                                            |

| 14.11 | Where                                                                                                                            
 a duly authorised representative is present at a meeting that Member is deemed to be present in person; and the acts of the duly 
 authorised representative are personal acts of that Member.                                                                      |

| 14.12 | A                                                                                                                                         
 corporate Member may revoke the appointment of a duly authorised representative at any time by notice to the Company; but such revocation 
 will not affect the validity of any acts carried out by the duly authorised representative before the directors of the Company had        
 actual notice of the revocation.                                                                                                          |

| Annex C-31 |

| 14.13 | If                                                                                                                                   
 a clearing house (or its nominee(s)), being a corporation, is a Member, it may authorise such persons as it sees fit to act as its   
 representative at any meeting of the Company or at any meeting of any class of Members provided that the authorisation shall specify 
 the number and class of Shares in respect of which each such representative is so authorised. Each person so authorised under the    
 provisions of this Article shall be deemed to have been duly authorised without further evidence of the facts and be entitled to     
 exercise the same rights and powers on behalf of the clearing house (or its nominee(s)) as if such person was the registered holder  
 of such Shares held by the clearing house (or its nominee(s)).                                                                       |

Member with mental disorder

| 14.14 | A                                                                                                                                  
 Member in respect of whom an order has been made by any court having jurisdiction (whether in the Islands or elsewhere) in matters 
 concerning mental disorder may vote, by that Member’s receiver, curator bonis or other person authorised in