Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 72

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 72
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 beneficial owner of a Note that is, for U.S. federal income tax purposes:

| · | a nonresident alien individual; |

| · | a foreign corporation; or |

| · | a foreign estate or trust. |

The term “Non-U.S.
Holder” does not include a beneficial owner who is an individual present in the United States for 183 days or more in the taxable
year of disposition or who is (or may become while holding Notes) a former citizen or resident of the United States. Such a beneficial
owner is urged to consult his or her own tax advisor regarding the U.S. federal income tax consequences of the sale, exchange or other
disposition of a Note.

Payments on the Notes

Subject to the discussions
below concerning backup withholding and FATCA (as defined below), payments of principal, interest (including any OID) and premium on the
Notes to a Non-U.S. Holder generally will not be subject to U.S. federal income tax or withholding, providedthat, in the case
of interest:

| · | the Non-U.S. Holder does not own, actually or constructively, 10% or more of the total combined voting power                       
 of all classes of the Issuer’s stock entitled to vote and is not a controlled foreign corporation related, directly or indirectly, 
 to the Issuer through stock ownership; and                                                                                         |

| · | the Non-U.S. Holder certifies on a properly executed IRS Form W-8 appropriate to the Non-U.S. Holder’s                                
 circumstances, under penalties of perjury, that it is not a United States person. Special certification rules apply to Notes that are 
 held through non-U.S. intermediaries.                                                                                                 |

Subject to the discussion
below concerning income of a Non-U.S. Holder that is effectively connected with the conduct of a trade or business in the United States,
if a Non-U.S. Holder cannot satisfy the requirements described above, payments of interest on the Notes to such Non-U.S. Holder will generally
be subject to 30% U.S. federal withholding, unless the Non-U.S. Holder provides the applicable withholding agent with a properly executed
IRS Form W-8 appropriate to the Non-U.S. Holder’s circumstances claiming an exemption from or reduction in withholding under an
applicable income tax treaty and complies with any other applicable procedures. See the discussion below under “FATCA” regarding
withholding on interest under the FATCA rules.

Sale, Exchange or Retirement of the Notes

A Non