Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 146

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 146
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 equivalent of a unit, but excluding Holding LP’s class A preferred units) exceed $0.1320 per quarter, the incentive distribution rights entitle Infrastructure Special LP to 25% of incremental distributions above this threshold. Infrastructure Special LP may elect to reinvest any of the incentive distributions from its special general partner units in additional Redeemable Partnership Units. To the extent that Brookfield Infrastructure or our company pays to Brookfield any comparable performance or incentive distribution, the amount of any future incentive distributions will be reduced in an equitable manner to avoid duplication of distributions.

There was no increase to the base management fee and incentive distribution fees paid by the partnership in connection with the special distribution. Our company is responsible for paying, or reimbursing Brookfield Infrastructure, as the case may be, for our proportionate share of the base management fee.

Indemnification Arrangements

Subject to certain limitations, Brookfield and its directors, officers, agents, members, partners, shareholders and employees generally benefit from indemnification provisions and limitations on liability that are included in our articles and other arrangements with Brookfield. See Item 6. A “ Directors and

Senior Management - Our Master Services Agreement” and Item 6. A “ Directors and

Senior Management - Indemnification and Limitations on Liability”.

Licensing Agreements

Our company is automatically entitled to the benefits of, and certain obligations under, the Licensing Agreement that Brookfield Infrastructure has entered into with Brookfield, by virtue of the fact that our company is a controlled subsidiary of the partnership. Pursuant to the Licensing Agreement, Brookfield has granted a non-exclusive, royalty-free license to use the name “ Brookfield” and the Brookfield logo. Other than under this limited license, we do not have a legal right to the “ Brookfield” name and the Brookfield logo in the United States and Canada.

The Licensing Agreements may be terminated by Brookfield Infrastructure upon 30 days’ prior written notice if Brookfield defaults in the performance of any material term, condition or agreement contained in the agreement and the default continues for a period of 30 days after written notice of termination of the breach is given to Brookfield. Brookfield may terminate the Licensing Agreements effective immediately upon termination of the Master Services Agreement or with respect to any licensee upon 30 days’ prior written notice of termination if any of the following occurs:

Brookfield Infrastructure Corporation 125

1. the licensee defaults in the performance of any material term, condition or agreement contained in the agreement and the default continues