Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 32

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 32
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 a non-resident insurer 
 who carries on an insurance business in Canada and in a country other than Canada;                                                           |

| (c) | for or on account of any Canadian Taxes which would not have been so imposed                                                           
 but for: (i) the presentation by the holder of those Notes on a date more than 30 days after the date on which such payment became     
 due and payable or the date on which payment thereof is duly provided for, whichever occurs later; or (ii) the holder’s failure        
 to comply with any certification, identification, information, documentation or other reporting requirements if compliance is required 
 by law, regulation, administrative practice or an applicable treaty as a precondition to exemption from or a reduction in the rate of  
 deduction or withholding of, any such Canadian Taxes;                                                                                  |

| (d) | for or on account of any estate, inheritance, gift, sales, transfer, personal property tax or any similar 
 Canadian Taxes;                                                                                           |

| (e) | for or on account of any Canadian Taxes required to be withheld by any paying                                                         
 agent from any payment to a person on those Notes if such payment can be made to such person without such withholding by at least one 
 other paying agent the identity of which is provided to such person;                                                                  |

| (f) | for or on account of any Canadian Taxes which is payable otherwise than 
 by withholding from a payment on those Notes;                           |

<div align='center'>S-21</div>

| (g) | any withholding or deduction imposed pursuant to: (i) Sections 1471 to 1474 of the U.S. Internal Revenue Code of 1986, as amended (“FATCA”), or any successor version thereof, or any similar legislation imposed by any other 
 governmental authority, (ii) any treaty, law, regulation or other official guidance enacted by Canada implementing FATCA or an intergovernmental                                                                               
 agreement with respect to FATCA or any similar legislation imposed by any other governmental authority, or (iii) any agreement between                                                                                         
 the Corporation or the Guarantors and the United States or any authority thereof implementing FATCA; or                                                                                                                        |

| (h) | for any combination of items (a), (b), (c), (d), (e), (f) and (g); |

nor will additional amounts be paid with respect
to any payment on those Notes to a Noteholder who is a fiduciary or partnership or other than the sole beneficial owner of