Company: EMCRF
Filing Date: 2025-07-17
Form Type: PRE 14A
Source: 0001641172-25-020063
Chunk: 65

Company: Embrace Change Acquisition Corp.
Filing Date: 2025-07-17
Form: PRE 14A
Chunk 65
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 a Share shall be subject to and carry the corresponding 
 fraction of liabilities (whether with respect to calls or otherwise), limitations, preferences, privileges, qualifications, restrictions,  
 rights and other attributes of a Share of that class of Shares.                                                                            |

| Annex C-15 |

Power to pay commissions and brokerage fees

| 3.6 | The                                                                                                        
 Company may, in so far as the Act permits, pay a commission to any person in consideration of that person: |

| (a) | subscribing                                                       
 or agreeing to subscribe, whether absolutely or conditionally; or |

| (b) | procuring                                                             
 or agreeing to procure subscriptions, whether absolute or conditional |

for any Shares in the Company. That commission may be satisfied by the payment of cash or the allotment of Fully Paid or partly-paid Shares or partly in one way and partly in another.

| 3.7 | The                                                                                                     
 Company may employ a broker in the issue of its capital and pay him any proper commission or brokerage. |

Trusts not recognised

| 3.8 | Except                        
 as required by Applicable Law |

| (a) | the                                                                                                                                  
 Company shall not be bound by or compelled to recognise in any way (even when notified) any equitable, contingent, future or partial 
 interest in any Share, or (except only as is otherwise provided by these Articles or the Act) any other rights in respect of any     
 Share other than an absolute right to the entirety thereof in the holder; and                                                        |

| (b) | no                                                                                              
 person other than the Member shall be recognised by the Company as having any right in a Share. |

Power to vary class rights

| 3.9 | If                                                                                                                               
 the share capital is divided into different classes of Shares then, unless the terms on which a class of Shares was issued state 
 otherwise, the rights attaching to a class of Shares may only be varied if one of the following applies:                         |

| (a) | the                                                                                                   
 Members holding two thirds of the issued Shares of that class consent in writing to the variation; or |

| (b) | the                                                                                                                                
 variation is made with the sanction of a Special Resolution passed at a separate general meeting of the Members holding the issued 
 Shares of that class.                                                                                                              |

| 3.10 | For                                                                                                                                     
 the purpose of paragraph (b) of the preceding Article, all the provisions of these Articles relating to general meetings apply, mutatis 
 mutandis, to every such separate meeting except