Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 83

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 83
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 in accordance with
the conditions specified in Section 275, of the SFA and (where applicable) Regulation 3 of the Securities and Futures (Classes of Investors)
Regulations 2018 of Singapore, or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision
of the SFA.

Where the Notes are subscribed
or purchased pursuant to an offer made in reliance on Section 275 of the SFA by a relevant person which is:

| (a) | a corporation (which is not an accredited investor (as defined in Section 4A of the SFA)) the sole business                              
 of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited 
 investor; or                                                                                                                             |

| (b) | a trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and 
 each beneficiary of the trust is an individual who is an accredited investor,                           |

securities or securities
based derivative contracts (each term as defined in Section 2(1) of the SFA) of that corporation or the beneficiaries’ rights and
interest (howsoever described) in that trust shall not be transferred within six months after that corporation or that trust has acquired
the Notes pursuant to an offer made under Section 275 of the SFA except:

<div align='center'>S-46</div>

| (1) | to an institutional investor pursuant to Section 274 of the SFA or to a relevant person (as defined in                                
 Section 275(2) of the SFA) pursuant to Section 275(1) of the SFA, or to any person pursuant to Section 275(1A) and in accordance with 
 the conditions specified in Section 275 of the SFA;                                                                                   |

| (2) | (in the case of a corporation) where the transfer arises from an offer referred to in Section 276(3)(c)(ii)                     
 of the SFA or (in the case of a trust) where the transfer arises from an offer referred to in Section 276(4)(c)(ii) of the SFA; |

| (3) | where no consideration is or will be given for the transfer; |

| (4) | where the transfer is by operation of law; or |

| (5) | as specified in Section 276(7) of the SFA. |

Singapore SFA Product Classification—S