Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 44

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 10
Chunk 44
---
 all meetings of BIPC’s shareholders, except for meetings at which only holders of another specified class or series of shares of BIPC are entitled to vote separately as a class or series. The holders of the class B shares will be entitled to cast, in the aggregate, a number of votes equal to three times the number of votes attached to the BIPC exchangeable shares. Except as otherwise expressly provided in the notice of articles and articles of BIPC or as required by law, the holders of BIPC exchangeable shares and class B shares will vote together and not as separate classes. In addition, Brookfield directly and indirectly holds all of the issued and outstanding class A.2 exchangeable shares which are exchangeable on a one-for-one basis for exchangeable shares (subject to an ownership cap that limits the exchange by Brookfield of class A.2 exchangeable shares such that exchanges by Brookfield may not result in Brookfield owning 9.5% or more of the aggregate fair market value of all issued and outstanding shares of our company) or units. Brookfield’s holding of the class A.2 exchangeable shares entitle it to receive dividends from BIHC equivalent to the dividends received by holders of BIPC exchangeable shares. Holders of class A.2 exchangeable shares have no voting rights. Refer to the most recently filed annual report on Form 20-F of BIPC for additional information.

BIPC’s authorized share capital consists of (i) an unlimited number of BIPC exchangeable shares; and (ii) an unlimited number of class B shares.

326 Brookfield Infrastructure

As of March 20, 2025, there were approximately 119.0 million BIPC exchangeable shares and 31,909 class B shares outstanding. Additionally, there were approximately 13.0 million class A.2 exchangeable shares outstanding. The BIPC exchangeable shares are listed on the TSX and on the NYSE under the symbol “ BIPC”.

10. C MATERIAL CONTRACTS

The following are the only material contracts, other than contracts entered into in the ordinary course of business, to which we have been a party within the past two years:

1. Amended and Restated Master Services Agreement, as amended from time to time, by and among the Service Recipients, BN, the Service Providers and others described under Item 6. A. “ Directors and Senior Management - Our Master Services Agreement”;

2. Amended and Restated Limited Partnership Agreement of our partnership, as amended from time to time,