Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 138

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 138
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 each Voting Agreement, our group will generally be provided with voting rights over investments in which it participates. These voting rights will be exercised by Brookfield personnel, on behalf of all Brookfield Accounts that participate in such investments alongside our group. As a result, our company, and Brookfield in light of Brookfield’s control over our group, will consolidate these investments in its financial statements and for purposes of calculating its assets under management, despite the fact that it does not hold 100% of the investments.

In addition, BIHC has entered into other voting agreements (“ Veto Agreements”) with Brookfield that permit BIHC (or BIHC’s designated affiliates) to have certain veto rights over certain material decisions involving certain of our operations and/or investments managed or controlled by Brookfield-related entities.

Pursuant to each Veto Agreement, Brookfield has agreed that BIHC (or BIHC’s designated affiliates) may veto (i) any action that is reasonably likely to have a material impact on the relevant activities of the subject entity or (ii) any commitment or agreement to do the foregoing. For these purposes, BIHC or BIHC’s designated affiliates, as applicable, may provide direction with respect to the approval or rejection of any matter in the form of general guidelines, policies or procedures in which case no further approval or direction will be required. Any such general guidelines, policies or procedures may be modified by BIHC or BIHC’s designated affiliates, as applicable, in their discretion.

Each Veto Agreement terminates (i) at such time that BIHC ceases to own any interest in the relevant entity or (ii) upon 30 days’ notice given by BIHC or BIHC’s designated affiliates, as applicable. In addition, any party to a Veto Agreement is permitted to terminate the Veto Agreement at such time that such a party provides notice that it has reasonably determined that, as a result of applicable law, rule or regulation and through no fault of its own, continued participation in the Veto Agreement would have a material adverse effect on such party.

Brookfield Infrastructure Corporation 119

Pursuant to each Veto Agreement, our group will generally be provided with veto rights over investments in which it participates. These veto rights will be exercised by Brookfield personnel, on behalf of all Brookfield Accounts that participate in such investments alongside such entities. As a result, our group will account for these investments using the equity method of accounting in our financial statements and for purposes of calculating our group’s assets under management.

See “Relationship