Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 49

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 49
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| (i) | with which Emera, EUSHI or the Issuer, as the case may be, does not deal at arm’s length (within 
 the meaning of the Income Tax Act (Canada) (the “Tax Act”)) at the time of making such payment;  |

| (ii) | which is subject to such Canadian Taxes by reason of the recipient or beneficial owner being a “specified                  
 non-resident shareholder” of Emera for purposes of the Tax Act or a non-resident person not dealing at arm’s length with a 
 “specified shareholder” (within the meaning of subsection 18(5) of the Tax Act) of Emera;                                  |

| (iii) | which is subject to such Canadian Taxes by reason of the recipient or beneficial owner being an entity 
 in respect of which Emera is a “specified entity” as defined in subsection 18.4(1) of the Tax Act;     |

| (iv) | which is subject to such Canadian Taxes by reason of the recipient or beneficial owner being a resident,                                   
 domicile or national of, or engaged in business or maintaining a permanent establishment or other physical presence in or otherwise having 
 some connection with Canada or any province or territory thereof otherwise than by the mere holding of notes or the receipt of payments    
 thereunder;                                                                                                                                |

| (v) | which is subject to such Canadian Taxes by reason of the failure of the recipient or beneficial owner                                         
 to comply with any certification, identification, 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, such Canadian Taxes;                                                                                                                      |

| (vi) | which is subject to such Canadian Taxes by reason of the legal nature of the recipient or beneficial owner                                
 disentitling such recipient or beneficial owner to the benefit of an applicable treaty if and to the extent that the application of such  
 treaty would have resulted in the reduction or elimination of any Canadian Taxes as to which Additional Amounts would have otherwise been 
 payable to a notes holder on behalf of such beneficial owner;                                                                             |

| (vii) | which failed to duly and timely comply with a timely request by Emera, EUSHI or the Issuer, as the case                                  
 may be, to provide information, documents, certification or other evidence concerning such recipient or beneficial owner’s nationality,  
 residence, entitlement to treaty benefits, identity or connection