Company: EMICF
Filing Date: 2025-12-05
Form Type: F-10EF
Source: 0000950103-25-015822
Chunk: 26

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 26
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 or other act for conformity, or for any loss or expense happening to Emera through the insufficiency or deficiency
of title to any property acquired by order of the directors for or on behalf of Emera, or through the insufficiency or deficiency of any
security in or upon which any of the funds of Emera are invested, or for any loss or damage arising from the bankruptcy, insolvency or
tortious act of any person with whom any funds, securities or effects are deposited, or for any loss occasioned by error of judgment or
oversight on his or her part, or for any other loss, damage or misfortune whatsoever which happens in the execution of the duties of his
or her office or in relation thereto. Emera purchases directors’ and officers’ insurance which provides protection for directors
and officers in cases where they incur a liability as a result of their activities on behalf of Emera.

Insofar as indemnification for liabilities arising under the Securities
Act of 1933, as amended, may be permitted to directors, officers or persons controlling Emera pursuant to the foregoing provisions, Emera
has been informed that in the opinion of the U.S. Securities and Exchange Commission such indemnification is against public policy as
expressed in the Public Utilities Act and is therefore unenforceable.

<div align='center'>II-1

EXHIBITS</div>

| Exhibit 
 Number  
 4.1*    
 4.2*    |     | Description                                                                                                                                                                                                                                                                                                         
 Annual information form of Emera dated February 21, 2025, for the year ended December 31, 2024 (incorporated by reference to Exhibit 99.1 of Emera’s Annual Report on Form 40-F for the year ended December 31, 2024 filed with the Securities and Exchange Commission on February 21, 2025) (the “Annual Report”). 
 Management’s discussion and analysis of Emera for the year ended December 31, 2024 (incorporated by reference to Exhibit 99.2 of the Annual Report).                                                                                                                                                                |
|:--------|:----|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.3*    |     | Audited consolidated financial statements of Emera for the years ended December 31, 2024 and December 31, 2023, together with the accompanying auditor’s report thereon (incorporated by reference to Exhibit 99.3 of the Annual Report