Company: EMICF
Filing Date: 2025-12-05
Form Type: F-10EF
Source: 0000950103-25-015822
Chunk: 4

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 4
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 “EMA”.

Emera may sell the Common
Shares to or through underwriters or dealers purchasing as principals and may also sell the Common Shares to one or more purchasers either
directly or through agents. The Prospectus Supplement relating to a particular offering of Common Shares will identify each underwriter,
dealer or agent, as the case may be, engaged by Emera in connection with the offering and sale of Common Shares, and will set forth the
terms of the offering of such Common Shares, including the method of distribution of such Common Shares, the proceeds to Emera, any fees,
discounts or other compensation payable to underwriters, dealers or agents, and any other material terms of the plan of distribution.
The sale of Common Shares may be effected from time to time in one or more transactions at non-fixed prices pursuant to transactions that
are deemed to be “at the-market distributions” as defined in NI 44-102, including sales made directly on the TSX, NYSE or
other existing trading markets for the Common Shares, and as set forth in a Prospectus Supplement for such purpose. This Prospectus may
qualify an “at-the-market distribution”, as defined in NI 44-102. See “Plan of Distribution”.

Subject to applicable laws,
in connection with any offering of Common Shares, other than an “at-the-market distribution”, the underwriters, dealers or
agents may over-allot or effect transactions which stabilize or maintain the market price of the Common Shares at levels other than those
which may prevail on the open market. Such transactions, if commenced, may be interrupted or discontinued at any time. See
“Plan of Distribution”.

No underwriter, dealer or
agent of the “at-the-market distribution”, and no person or company acting jointly or in concert with an underwriter, dealer
or agent, may, in connection with the distribution, enter into any transaction that is intended to stabilize or maintain the market price
of the Common Shares, including selling an aggregate number or principal amount of securities that would result in the underwriter, dealer
or agent creating an over-allocation position in the securities.

We have determined that the
Company qualifies as a “well-known seasoned issuer” as defined in NI 44-102 as at December 4, 2025 by virtue of its “qualifying
public equity” (as defined under NI 44-102) being $21,744,510,710 at such date. See “WKSI Regime – Reliance on Well-K