Company: EMICF
Filing Date: 2025-12-05
Form Type: F-10EF
Source: 0000950103-25-015822
Chunk: 14

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 14
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 dealers’ or underwriters’
fees or other remuneration, will be added to the general funds of Emera and used for general corporate purposes. The amount of net proceeds
to be used for any such purpose will be set forth in a Prospectus Supplement. Emera may from time to time issue Common Shares
other than pursuant to this Prospectus.

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PLAN OF DISTRIBUTION</div>

We may offer and sell the
Common Shares to or through underwriters purchasing as principals, and may also sell Common Shares to one or more other purchasers directly
or through agents. The sale of Common Shares may be effected from time to time on one or more transactions at non-fixed prices
pursuant to transactions that are deemed to be “at-the-market distributions”, including sales made directly on the TSX, NYSE
or other existing trading markets for the Common Shares, and as set forth in the Prospectus Supplement for such purpose.

The Prospectus Supplement
relating to each offering of Common Shares will include the plan of distribution for the distribution of Common Shares thereunder, will
identify each underwriter, dealer or agent, as the case may be, and will also set forth the terms of that offering, including the purchase
price of the Common Shares or the manner of determination thereof if offered on a non-fixed price basis, including sales in transactions
that are deemed to be “at-the-market” distributions (as defined in NI 44-102), the proceeds to the Company, any underwriters',
dealers’ or agents' fees, commissions or other items constituting underwriters', dealers’ or agents' compensation, and any
concessions or discounts allowed or re-allowed or paid by any underwriters to others. Only underwriters, dealers or agents so named in
the Prospectus Supplement are deemed to be underwriters, dealers or agents, as the case may be, in connection with the Common Shares offered
thereby.

If underwriters purchase Common
Shares as principal, the Common Shares will be acquired by the underwriters for their own account and may be resold from time to time
in one or more transactions, as described in the applicable Prospectus Supplement. The obligations of the underwriters to purchase those
Common Shares will be subject to certain conditions precedent, and the underwriters will be obligated to purchase all the Common Shares
offered by the Prospectus Supplement if any of such Common Shares are purchased. Any public offering price and any discounts or concessions