Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 283

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 283
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 Agreement”) pursuant to which the parties agreed that BIPC will at all times hold such number of class A.1 exchangeable shares equal to the number of exchangeable shares that are outstanding in order to support the duties and obligations of BIPC to holders of exchangeable shares. In connection therewith, the pairing agreement provides, amongst other things, and unless otherwise agreed at such time, that, (i) if and to the extent BIPC raises funds from time to time by way of issuance of exchangeable shares for cash, BIPC will utilize such funds to subscribe for an equivalent number of class A.1 exchangeable shares; (ii) if and to the extent BIPC from time to time repurchases any exchangeable shares, BIHC shall redeem (or otherwise repurchase from BIPC) an equivalent number of class A.1 exchangeable shares; (iii) BIHC will not, unless substantially concurrent with the redemption of exchangeable shares by BIPC, redeem any class A.1 exchangeable shares held by BIPC; (iv) if and to the extent any holders of exchangeable shares from time to time exercise their exchange right in respect of such exchangeable shares, and in connection therewith the partnership does not exercise its overriding call right to acquire such exchangeable shares, BIPC will, in connection therewith, exercise the exchange right in respect of an equivalent number of class A.1 exchangeable shares held by BIPC; (v) BIPC will not exercise the exchange right in respect of any class A.1 exchangeable shares held by BIPC except as contemplated in (iv) above; and (vi) if and to the extent a holder of class A.2 exchangeable shares exchanges its class A.2 exchangeable shares for exchangeable shares, BIHC will, upon receipt of such class A.2 exchangeable shares, exercise its right to convert such class A.2 exchangeable shares into class A.1 exchangeable shares.

Option Agreement

Our company entered into an option agreement with Canada Holdco pursuant to which our company has the option to purchase all or any portion of the BIHC class B shares or class C shares held by Canada Holdco. The purchase price payable by our Company to Canada Holdco in respect of any BIHC class B share or class C share purchased by our Company will be the fair market value of such BIHC class B share or class C share, as applicable. Our company will satisfy the purchase price payable to Canada Holdco by issuing such number of class B shares