Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 43

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 43
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’s common stock (together, for the avoidance of doubt, with cash in lieu of any fractional share) or options, warrants
or rights to subscribe for or purchase shares of the

<div align='center'>S-23</div>

Emera’s or the Issuer’s
common stock, (b) declare and pay any dividend in connection with the implementation of a plan (a “Rights Plan”) providing for the issuance by Emera or the Issuer to all holders ofEmera’s or the Issuer’s common stock of rights entitling them to subscribe for or purchase common stock or any class or series of Emera’s or the Issuer’s preferred stock, which rights (1) are deemed to be transferred with such common stock, (2) are not exercisable until the occurrence of a specified event or events and (3) are also issued in respect of future issuances ofEmera’s or the Issuer’s common stock, (c) issue any of sharesEmera’s or the Issuer’s Capital Stock under any Rights Plan or redeem or repurchase any rights distributed pursuant to a Rights Plan, (d) reclassifyEmera’s or the Issuer’s
Capital Stock or exchange or convert one class or series ofEmera’s or the Issuer’s’
Capital Stock for another class or series ofEmera’s or the Issuer’s’ Capital Stock, (e) purchase fractional interests in shares ofEmera’s or the Issuer’s Capital Stock pursuant to the conversion or exchange provisions of such Capital Stock or the security being converted or exchanged, (f) purchase, acquire or withhold shares ofEmera’s or the Issuer’s common stock related to the issuance ofEmera’s or the Issuer’s common stock or rights under any dividend reinvestment plan or related to any ofEmera’s or the Issuer’s benefit plans for Emera’s andthe
Issuer’s directors, officers, employees, consultants or advisors, including any employment contract, and (g) for the avoidance of doubt, convert convertible Capital Stock of Emera’s or the Issuer’s into other Capital Stock of Emera orthe Issuer in accordance with the terms of such convertible Capital Stock (together, for the avoidance of doubt, with cash in lieu of any fractional share).

Notwithstanding the foregoing,
the Indenture does not restrict in any manner the ability of any of Emera’s subsidiaries (other than the Issuer) to pay dividends
or make any distributions to Emera or to any