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

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 25
---
, arbitration, mediation, or other proceeding or investigation to which he or she is made a party or involved in by reason
of being or having been a director or officer of Emera or such Other Entity at the request of Emera or in a similar capacity, provided
that: (i) the individual acted honestly and in good faith with a view to the best interests of Emera or, as the case may be, to the best
interest of the Other Entity for which the individual acted as a director or officer or in a similar capacity at Emera’s request;
and (ii) in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, the individual had reasonable
grounds to believe that his or her conduct was lawful. Emera shall, to the full extent permitted by law, advance funds to an individual
referred to above for any costs, charges and expenses of a proceeding or investigation provided that such individual shall repay the funds
advanced if the individual does not fulfill the conditions of indemnification. The right of any person to indemnification granted is not
exclusive of any other rights to which any person seeking indemnification may be entitled under any agreement, resolution or other vote
of shareholders or directors, at law or otherwise; and the amount for which such indemnity is proved immediately attaches as a lien on
the property of Emera and has priority against the members over all other claims. The term “Other Entity” means any affiliate
or subsidiary of Emera, and any other body corporate, corporation, limited liability company, partnership, joint venture, trust, unincorporated
association, unincorporated organization, unincorporated syndicate or other enterprise in which Emera, directly or indirectly, now or
in the future, holds an interest, whether in debt, equity or otherwise, for which the director, officer or other individual serves or
served as a director or officer or in a capacity similar thereto at the request of Emera. Emera is authorized to enter into an agreement
evidencing and setting out the terms and conditions of an indemnity in favor of any of the persons referred to in the article regarding
indemnification of its Amended Articles of Association. In addition, no director or officer of Emera shall, in the absence of any dishonesty
on the part of such director or officer, be liable for the acts, receipts, neglects or defaults of any other director or officer or for
joining in any receipt