Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 51

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 51
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 the payment;                                                            |

| · | any tax, assessment or other governmental charge that would not have been imposed but for a change in                                   
 law, regulation, or administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or 
 is duly provided for, whichever occurs later;                                                                                           |

<div align='center'>S-27</div>

| · | any estate, inheritance, gift, sales, excise, transfer, wealth, capital gains or personal property tax 
 or similar tax, assessment or other governmental charge;                                               |

| · | any tax, assessment or other governmental charge required to be withheld by any paying agent from any                                     
 payment of principal of or interest on any note, if such payment can be made without such withholding by at least one other paying agent; |

| · | any tax, assessment or other governmental charge that would not have been imposed but for the presentation                                
 by the holder of any note, where presentation is required, for payment on a date more than 30 days after the date on which payment became 
 due and payable or the date on which payment thereof is duly provided for, whichever occurs later;                                        |

| · | any tax, assessment or other governmental charge imposed under any fiscal or regulatory legislation, rules                                   
 or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of Sections 1471 through 
 1474 of the U.S. Internal Revenue Code of 1986 (the “Code”); or                                                                              |

| · | any combination of any of the foregoing exceptions. |

The Issuer will also (i)
make such withholding or deduction and (ii) remit the full amount deducted or withheld to the relevant authority in accordance with applicable
law. Notwithstanding the foregoing, Emera, EUSHI or the Issuer, as the case may be, will indemnify and hold harmless the recipient of
any payment made under the Notes or any Guarantee for the amount of any taxes under Regulation 803 of the Tax Act or any similar or successor
provision (other than taxes described in clauses (i) through (viii) above or taxes arising by reason of a transfer of the Note to a person
resident in Canada with whom the transferor does not deal at arm’s length for the purposes of the Tax Act except where such non-arm’s
length relationship arises as a result of the exercise or enforcement of rights under any Notes or any Guarantee) levied or imposed on
and paid by such recipient as