EX-10.2





 Exhibit 10.2 

BROOKFIELD CORPORATION 

- and - 

BROOKFIELD ASSET MANAGEMENT LTD. 
  

 
 VOTING
AGREEMENT 
  
  

, 2022 












 VOTING AGREEMENT 

This VOTING AGREEMENT is made as of     , 2022 (this “Agreement”), between Brookfield Corporation (the
“Corporation”), a corporation existing under the laws of the Province of Ontario, and Brookfield Asset Management Ltd. (the “Manager”), a company incorporated under the laws of the Province of British Columbia (the
Corporation and the Manager are collectively referred to as the “Parties” and individually as a “Party”). 

WHEREAS, the Corporation has completed a plan of arrangement pursuant to which, among other things, (i) the Corporation’s asset management
business was transferred to Brookfield Asset Management ULC (the “Asset Management Company”), an unlimited liability company incorporated under the laws of the Province of British Columbia, and (ii) the Corporation and the
Manager directly or indirectly acquired the common shares (the “Shares”) in the capital of the Asset Management Company; 
 WHEREAS,
the Parties are entering into this Agreement to set forth their understanding and agreement as to the Shares held by the Parties, including the voting of such Shares in accordance with the terms set out herein; 

NOW THEREFORE, in consideration of the respective covenants and agreements provided in this Agreement and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties agree as follows: 
 ARTICLE 1 

INTERPRETATION 
  

	1.1	 Definitions 



In this Agreement, the following words or expressions will have the following meanings: 

 

	 	(a)	 “Agreement” has the meaning assigned thereto in the preamble. 



 

	 	(b)	 “Articles” means the notice of articles and articles of the Asset Management Company.



  

	 	(c)	 “Asset Management Company” has the meaning assigned thereto in the recitals.



  

	 	(d)	 “Board” means the board of directors of the Asset Management Company. 



 

	 	(e)	 “Corporation” has the meaning assigned thereto in the preamble. 



 

	 	(f)	 “Director” has the meaning set out in Section 2.2(a)(i). 



 

	 	(g)	 “Manager” has the meaning assigned thereto in the preamble. 



 

	 	(h)	 “Nominee Director” has the meaning set out in Section 2.2(a)(ii). 



 

	 	(i)	 “Parties” has the meaning assigned thereto in the preamble. 



  
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	 	(j)	 “Person” has the meaning set out in Section 1.2(c). 



 

	 	(k)	 “Shares” has the meaning assigned thereto in the recitals. 



 

	1.2	 Interpretation 



Unless the context otherwise requires: 
  

	 	(a)	 words importing the singular will include the plural and vice versa, words importing gender will include all
genders or the neuter, and words importing the neuter will include all genders; 


  

	 	(b)	 the words “include”, “includes”, “including”, or any variations thereof, when
following any general term or statement, are not to be construed as limiting the general term or statement to the specific items or matters set forth or to similar items or matters, but rather as referring to all other items or matters that could
reasonably fall within the broadest possible scope of the general term or statement; 


  

	 	(c)	 references to any an individual, sole proprietorship, partnership, unincorporated association, unincorporated
organization, unincorporated syndicate, trust, body corporate, and a natural person in his or her capacity as trustee, executor, administrator or other legal or personal representative (each, a “Person”) include such Person’s
successors and permitted assigns; 


  

	 	(d)	 except as otherwise provided in this Agreement, any reference in this Agreement to a statute, regulation,
policy, rule or instrument will include, and will be deemed to be a reference also to, all rules and regulations made under such statute, in the case of a statute, to all amendments made to such statute, regulation, policy, rule or instrument, and
to any statute, regulation, policy, rule or instrument that may be passed which has the effect of supplementing or superseding the statute, regulation, policy, rule or instrument so referred to; 



 

	 	(e)	 any reference to this Agreement or any other agreement, document or instrument will be construed as a reference
to this Agreement or, as the case may be, such other agreement, document or instrument as the same may have been, or may from time to time be, amended, varied, replaced, amended and restated, supplemented or otherwise modified; and



  

	 	(f)	 in the event that any day on which any amount is to be determined or any action is required to be taken
hereunder is not a business day, then such amount will be determined or such action will be required to be taken at or before the requisite time on the next succeeding day that is a business day. 



  
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 ARTICLE 2 

MANAGEMENT 
  

	2.1	 Business and Affairs of the Asset Management Company 



Each Party shall do everything in its power to cause such meetings to be held, votes to be cast, resolutions to be passed, documents to be executed and all
other things and acts done (including by voting all Shares owned, directly or indirectly, by the Party, and causing any subsidiary of the Party to vote any Shares owned by such subsidiary) to ensure that, at all times, the provisions of this
Agreement are in effect and are complied with. 
  

	2.2	 Board of Directors 



 

	 	(a)	 Without limiting the generality of Section 2.1, each Party shall do everything in its power to cause such
meetings to be held, votes to be cast, resolutions to be passed, documents to be executed and all other things and acts done (including by voting all Shares owned, directly or indirectly, by the Party, and causing any subsidiary of the Party to vote
any Shares owned by such subsidiary), to ensure that, at all times: 


  

	 	(i)	 the number of directors of the Asset Management Company (each a “Director”) is fixed at four
Directors, unless otherwise agreed by the Parties; 


  

	 	(ii)	 the Corporation shall be entitled to nominate one-half of the
individuals for election as Directors and the Manager shall be entitled to nominate the other one-half of the individuals for election as Directors (each, a “Nominee Director”); and



  

	 	(iii)	 in each election of Directors in accordance with applicable law and the Articles, each Nominee Director
nominated by a Party in accordance with Section 2.2(a)(ii) is elected as a Director. 


  

	 	(b)	 On the election of each Director, notice will be taken of the Party that nominated such Director.



  

	 	(c)	 If no election of Directors is held or the Parties fail to elect Directors in accordance with this
Section 2.2, the Directors that are then in office shall continue to serve as Directors until the next election of Directors or their removal and replacement, in each case in accordance with the terms of this Agreement. 



 

	2.3	 Removal of Directors 



A Director may at any time and for any reason be removed from the Board by the Party that nominated such Director. In the event of the proposed removal of a
Director, each Party shall do everything in its power to cause such meetings to be held, votes to be cast, resolutions to be passed, documents to be executed and all other things and acts done (including by voting all Shares owned, directly or
indirectly, by the Party, and causing any subsidiary of the Party to vote any Shares owned by such subsidiary) to vote for such removal if, and against such removal unless, it has been proposed by the Party that nominated such Director. Except as
provided in this Section 2.3, no Party shall take any action to cause the removal of a Director from the Board. 

  
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	2.4	 Vacancies on the Board 



If a Director (a “Retiring Director”) ceases to be a Director at any time and for any reason, each Party shall do everything in its power to
cause such meetings to be held, votes to be cast, resolutions to be passed, documents to be executed and all other things and acts done (including by voting all Shares owned, directly or indirectly, by the Party, and causing any subsidiary of the
Party to vote any Shares owned by such subsidiary) to fill the resulting vacancy on the Board by electing a replacement Nominee Director of the Party who nominated the Retiring Director as soon as practicable. 

 

	2.5	 No Limitation on Powers or Rights 



The Parties acknowledge and agree that they are bound hereunder solely in their capacity as holders of Shares of the Asset Management Company and nothing in
this Agreement will: 
  

	 	(a)	 alter the powers of the Directors to manage or supervise the management of the business and affairs of the
Asset Management Company or transfer, or permit the transfer of, in whole or in part, such powers to one or more other Persons as contemplated in section 137(1) of the Business Corporations Act (British Columbia); or 



 

	 	(b)	 prohibit, limit or restrict either Party from exercising their rights as shareholders of the Asset Management
Company in accordance with applicable laws and the Articles. 


 ARTICLE 3 

GENERAL 
  

	3.1	 Changes in Capital of the Asset Management Company 



Notwithstanding the provisions of Section 3.3, at all times after the occurrence of any event that results in the Shares being in any way changed, this
Agreement will, without the approvals set forth in Section 3.3, forthwith be amended and modified as necessary in order that it will apply with full force and effect, mutatis mutandis, to all new securities into which the Shares are so
changed and the Parties hereto will execute and deliver a supplemental agreement in writing giving effect to and evidencing such necessary amendments and modifications. 
  

	3.2	 Severability 



Notwithstanding the provisions of Section 3.3, if any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any
applicable rule, law, or public policy, all other conditions and provisions of this Agreement will nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any
manner materially adverse to any Party. Upon such determination that any term or other 

  
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provision is invalid, illegal or incapable of being enforced, the Parties hereto will, without the approvals set forth in Section 3.3, negotiate in good faith to modify this Agreement so as
to effect the original intent of the Parties as closely as possible in an acceptable manner with a view to ensuring that the transactions contemplated hereby are fulfilled to the fullest extent possible. 

 

	3.3	 Amendments, Modifications 



Except for amendments contemplated by Sections 3.1 and 3.2, this Agreement may not be amended or modified except by an agreement in writing executed by the
Parties. 
  

	3.4	 Enurement 



This Agreement will be binding upon and enure to the benefit of the Parties hereto and their respective successors and permitted assigns. 

 

	3.5	 Assignment 



No Party hereto may assign this Agreement or any of its rights, interests or obligations under this Agreement (whether by operation of law or otherwise)
without the prior written consent of the other Party. 
  

	3.6	 Notices to Parties 



Any notice and other communications required or permitted to be given pursuant to this Agreement will be sufficiently given if delivered in person or if sent
by facsimile transmission (provided such transmission is recorded as being transmitted successfully) to the Parties at the following addresses: 
  

					
	        	 	(a)	  	in the case of the Corporation, to the following address:
			
		 		  	 Brookfield Corporation

		 		  	 Brookfield Place, Suite 100

		 		  	 181 Bay Street

		 		  	 Toronto, Ontario M5J 2T3

		 		  	 Attention:

		 		  	 Email:

			
		 	(b)	  	in the case of the Manager, to the following address:
			
		 		  	 Brookfield Asset Management Ltd.

		 		  	 Brookfield Place, Suite 100

		 		  	 181 Bay Street

		 		  	 Toronto, Ontario M5J 2T3

		 		  	 Attention:

		 		  	 Email:


 or at such other address as the Party to which such notice or other communication is to be given has last notified the Party
giving the same in the manner provided in this Section 3.6, and if not given the same will be deemed to have been received on the date of such delivery or sending. 

  
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	3.7	 Counterparts 



This Agreement may be executed in counterparts (by facsimile or otherwise), each of which will be deemed an original, and all of which taken together will
constitute one and the same instrument. 
  

	3.8	 Jurisdiction 



This Agreement will be construed and enforced in accordance with the laws of the Province of British Columbia and the laws of Canada applicable therein. Each
Party hereto irrevocably submits to the non-exclusive jurisdiction of the courts of the Province of British Columbia with respect to any matter arising hereunder or related hereto. 

 

	3.9	 Specific Performance 



The Parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached. It is accordingly agreed that each of the Parties shall be entitled to seek an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this
Agreement, this being in addition to any other remedy to which such Party is entitled at law or in equity. 
  

	3.10	 Further Assurances 



Each Party shall vote and act at all time as a shareholder of the Asset Management Company and in all other respects use reasonable efforts to take all such
steps, execute all such documents and do all such acts and things as may be reasonably within its power to implement to the full extent the provisions of this Agreement and to cause the Asset Management Company to act in the manner contemplated by
this Agreement. 
 [Remainder of Page Intentionally Left Blank] 

  
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 IN WITNESS WHEREOF the Parties have duly executed this Agreement on the date written on the first
page of this Agreement. 
  

			
	BROOKFIELD CORPORATION
		
	By:	 	 
		 	 Name:

		 	Title:
		
		 	 I have authority to bind the Corporation.

	
	BROOKFIELD ASSET MANAGEMENT LTD.
		
	By:	 	 
	 	 	Name:
	 	 	Title:
		
	 	 	I have authority to bind the Company.