Company: EMICF
Filing Date: 2025-12-05
Form Type: F-10EF
Source: 0000950103-25-015822
Chunk: 24

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 24
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 though Emera intends to comply voluntarily with Regulation FD, these
exemptions and leniencies may reduce the frequency and scope of information and protections to which you are entitled as an investor.

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Emera will lose its foreign
private issuer status if a majority of our Common Shares are directly or indirectly held by residents of the U.S. as of the last business
day of a most recently completed second fiscal quarter. The loss of its foreign private issuer status would require Emera to comply with
all U.S. securities law requirements applicable to U.S. domestic issuers, while we would continue to be subject to Canadian securities
laws as a domestic issuer. The regulatory and compliance costs to us under U.S. securities laws as a U.S. domestic issuer will be significantly
higher than the costs we incur as a Canadian foreign private issuer eligible to use MJDS.

If Emera ceases to be a foreign
private issuer, Emera would not be eligible to use MJDS or other foreign issuer forms and will be required to file periodic and current
reports, proxy statements and registration statements on U.S. domestic issuer forms with the SEC, which are more detailed and extensive
than the forms available to a foreign private issuer. Emera may also be required to modify certain of its policies to comply with the
governance obligations of U.S. domestic issuers. Such modifications will involve additional costs and may divert management attention.
In addition, Emera would lose its ability to rely upon exemptions from certain corporate governance requirements that are available to
foreign private issuers with securities listed on the NYSE.

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PART II
INFORMATION NOT REQUIRED TO BE
DELIVERED TO OFFEREES OR PURCHASERS</div>

Indemnification of Certain Persons

Emera Incorporated is incorporated under the laws of Nova Scotia, Canada.

Under Emera Incorporated’s (“Emera” or the
“Registrant”) Amended Articles of Association, Emera must indemnify directors and officers, each former director and
officer and each other individual who acts or acted at the Emera’s request as a director or officer or in a similar capacity of
an Other Entity (as defined below) and their respective heirs and legal representatives against all costs, charges and expenses, including
an amount paid to settle an action or satisfy a judgment, reasonably incurred by any such person in respect of any civil, criminal, administrative,
investigative