Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 324

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 324
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 of a Voting Agreement with respect to one or more entity will not affect the validity or enforceability of the Voting Agreements with respect to any other entity.

Certain Voting Agreements also contain restrictions on transfers of the shares that Brookfield has agreed to vote in accordance with the direction of Brookfield Infrastructure with respect to the approval or rejection of the matters noted above.

Pursuant to each Voting Agreement, Brookfield Infrastructure 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 Brookfield Infrastructure. As a result, Brookfield Infrastructure, and Brookfield in light of Brookfield’s control over us, will consolidate these investments in its financial statements and for purposes of calculating its assets under management, despite the fact that Brookfield Infrastructure does not hold 100% of the investments.

In addition, Brookfield Infrastructure has entered into other voting agreements (“ Veto Agreements”) with Brookfield that permit Brookfield Infrastructure (or its 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 Brookfield Infrastructure (or its 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, Brookfield Infrastructure or its 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 Brookfield Infrastructure or its designated affiliates, as applicable, in their discretion.

Each Veto Agreement terminates (i) at such time that we cease to own any interest in the relevant entity or (ii) upon 30 days’ notice given by Brookfield Infrastructure or its 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.

Pursuant to each Veto Agreement, Brookfield Infrastructure will generally be provided with veto rights over investments in