Emera US Holdings Inc. – Indentures Watch

from F-3 116 pages Emera Finance, Inc. as Issuer [Emera Incorporated] [Emera US Holdings Inc.] as Guarantors and [•] as Trustee Indenture Dated as of [•], 20[•] Reconciliation and Tie Between Trust Indenture Act of 1939 and Indenture, Dated as of June 16, 2016

from S-4 28 pages Registration Rights Agreement

from S-4 32 pages Eushi Finance, Inc. as Issuer Emera Incorporated Emera US Holdings Inc. as Guarantors Equiniti Trust Company, LLC as Trustee First Supplemental Indenture Dated as of June 18, 2024 to Indenture Dated as of June 18, 2024 Creating One Series of Securities Designated as 7.625% Fixed-To-Fixed Reset Rate Junior Subordinated Notes Due 2054

from S-4 108 pages Eushi Finance, Inc. as Issuer Emera Incorporated Emera US Holdings Inc. as Guarantors and Equiniti Trust Company, LLC as Trustee Indenture Dated as of June 18, 2024 Reconciliation and Tie Between Trust Indenture Act of 1939 and Indenture, Dated as of June 18, 2024

from S-4 13 pages Form of 7.625% Series Note Due 2054 Face of Note Eushi Finance, Inc. 7.625% Fixed-To-Fixed Reset Rate Junior Subordinated Notes Due 2054

from F-10 28 pages Registration Rights Agreement

from F-10 32 pages Eushi Finance, Inc. as Issuer Emera Incorporated Emera US Holdings Inc. as Guarantors Equiniti Trust Company, LLC as Trustee First Supplemental Indenture Dated as of June 18, 2024 to Indenture Dated as of June 18, 2024 Creating One Series of Securities Designated as 7.625% Fixed-To-Fixed Reset Rate Junior Subordinated Notes Due 2054

from F-10 108 pages Eushi Finance, Inc. as Issuer Emera Incorporated Emera US Holdings Inc. as Guarantors and Equiniti Trust Company, LLC as Trustee Indenture Dated as of June 18, 2024 Reconciliation and Tie Between Trust Indenture Act of 1939 and Indenture, Dated as of June 18, 2024

from F-10 13 pages Form of 7.625% Series Note Due 2054 Face of Note Eushi Finance, Inc. 7.625% Fixed-To-Fixed Reset Rate Junior Subordinated Notes Due 2054

from F-10 28 pages Registration Rights Agreement

from F-10 32 pages Emera US Finance LP as Issuer Emera Incorporated Emera US Holdings Inc. as Guarantors American Stock Transfer & Trust Company, LLC as Trustee Second Supplemental Indenture Dated as of June 4, 2021 to Indenture Dated as of June 16, 2016 Creating Series of Securities Designated as 0.833% Senior Notes Due 2024 2.639% Senior Notes Due 2031

from F-10 9 pages Form of 2.639% Series Note Due 2031 Face of Note Emera US Finance LP 2.639% Notes Due 2031

from F-10 9 pages Form of 0.833% Series Note Due 2024 Face of Note Emera US Finance LP 0.833% Notes Due 2024

from F-10 10 pages Unless and Until It Is Exchanged in Whole or in Part for Securities in Definitive Form, This Security May Not Be Transferred Except as a Whole by the Depositary to a Nominee of the Depositary or by a Nominee of the Depositary to the Depositary or Another Nominee of the Depositary or by the Depositary or Any Such Nominee to a Successor Depositary or a Nominee of Such Successor Depositary. Unless This Certificate Is Presented by an Authorized Representative of the Depository Trust Company (55 Water Street, New York, New York) (“Dtc”) to the Company or Its Agent for Registration of Transfer, Exchange or Payment, and Any Certificate Issued Is Registered in the Name of Cede & Co. or Such Other Name as May Be Requested by an Authorized Representative of Dtc (And Any Payment Is Made to Cede & Co. or Such Other Entity as May Be Requested by an Authorized Representative of Dtc), Any Transfer, Pledge or Other Use Hereof for Value or Otherwise by or to Any Person Is Wrongful Inasmuch as the Registered Owner Hereof, Cede & Co., Has an Interest Herein. 1 4.75% Series Note Due 2046 Face of Note Emera US Finance LP 4.75% Notes Due 2046

from F-10 10 pages Unless and Until It Is Exchanged in Whole or in Part for Securities in Definitive Form, This Security May Not Be Transferred Except as a Whole by the Depositary to a Nominee of the Depositary or by a Nominee of the Depositary to the Depositary or Another Nominee of the Depositary or by the Depositary or Any Such Nominee to a Successor Depositary or a Nominee of Such Successor Depositary. Unless This Certificate Is Presented by an Authorized Representative of the Depository Trust Company (55 Water Street, New York, New York) (“Dtc”) to the Company or Its Agent for Registration of Transfer, Exchange or Payment, and Any Certificate Issued Is Registered in the Name of Cede & Co. or Such Other Name as May Be Requested by an Authorized Representative of Dtc (And Any Payment Is Made to Cede & Co. or Such Other Entity as May Be Requested by an Authorized Representative of Dtc), Any Transfer, Pledge or Other Use Hereof for Value or Otherwise by or to Any Person Is Wrongful Inasmuch as the Registered Owner Hereof, Cede & Co., Has an Interest Herein. 1 3.55% Series Note Due 2026 Face of Note Emera US Finance LP 3.55% Notes Due 2026

from F-10 10 pages Unless and Until It Is Exchanged in Whole or in Part for Securities in Definitive Form, This Security May Not Be Transferred Except as a Whole by the Depositary to a Nominee of the Depositary or by a Nominee of the Depositary to the Depositary or Another Nominee of the Depositary or by the Depositary or Any Such Nominee to a Successor Depositary or a Nominee of Such Successor Depositary. Unless This Certificate Is Presented by an Authorized Representative of the Depository Trust Company (55 Water Street, New York, New York) (“Dtc”) to the Company or Its Agent for Registration of Transfer, Exchange or Payment, and Any Certificate Issued Is Registered in the Name of Cede & Co. or Such Other Name as May Be Requested by an Authorized Representative of Dtc (And Any Payment Is Made to Cede & Co. or Such Other Entity as May Be Requested by an Authorized Representative of Dtc), Any Transfer, Pledge or Other Use Hereof for Value or Otherwise by or to Any Person Is Wrongful Inasmuch as the Registered Owner Hereof, Cede & Co., Has an Interest Herein. 1 2.70% Series Note Due 2021 Face of Note Emera US Finance LP 2.70% Notes Due 2021

from F-10 10 pages Unless and Until It Is Exchanged in Whole or in Part for Securities in Definitive Form, This Security May Not Be Transferred Except as a Whole by the Depositary to a Nominee of the Depositary or by a Nominee of the Depositary to the Depositary or Another Nominee of the Depositary or by the Depositary or Any Such Nominee to a Successor Depositary or a Nominee of Such Successor Depositary. Unless This Certificate Is Presented by an Authorized Representative of the Depository Trust Company (55 Water Street, New York, New York) (“Dtc”) to the Company or Its Agent for Registration of Transfer, Exchange or Payment, and Any Certificate Issued Is Registered in the Name of Cede & Co. or Such Other Name as May Be Requested by an Authorized Representative of Dtc (And Any Payment Is Made to Cede & Co. or Such Other Entity as May Be Requested by an Authorized Representative of Dtc), Any Transfer, Pledge or Other Use Hereof for Value or Otherwise by or to Any Person Is Wrongful Inasmuch as the Registered Owner Hereof, Cede & Co., Has an Interest Herein. 1 2.15% Series Note Due 2019 Face of Note Emera US Finance LP 2.15% Notes Due 2019