Document:

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REGISTRATION RIGHTS AGREEMENT

          This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of December 4, 2007,
is entered into by and between Brookfield Infrastructure Partners L.P., a Bermuda exempted limited
partnership (including its successors, the “Partnership”), and Brookfield Asset Management
Inc. (including its Affiliates other than the Partnership and its subsidiaries,
“Brookfield”).

RECITALS

          WHEREAS, the Partnership desires to provide the Holders (as defined herein) with the
registration rights specified in this Agreement with respect to Registrable Units (as defined
herein) on the terms and subject to the conditions set forth herein.

          NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter contained
and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

ARTICLE 1

DEFINITIONS

     1.1 Definitions. The following terms shall have the meanings set forth in this
Section 1.1:

          “Affiliate” means, with respect to any person, any other person that, directly or
indirectly, through one or more intermediaries, Controls or is Controlled by such person, or is
under common Control of a third person. “Control” means the control of one person of another
person in accordance with the following: a person (“A”) controls another person (“B”) where A has
the power to determine the management and policies of B by contract or status (for example, the
status of A being the general partner of B) or by virtue of beneficial ownership of a majority of
the voting interests in B or where B is an investment fund consortium or the like however
structured, and A acts as asset manager, fund manager or comparable position with respect to B.

          “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any similar
federal statute, and the rules and regulations promulgated by the SEC thereunder.

          “Excluded Registration” means a registration under the Securities Act of (i)
securities pursuant to one or more Demand Registrations pursuant to Section 2 hereof, (ii)
securities registered on Form S-8 or any similar successor form, and (iii) securities registered to
effect the acquisition of, or combination with, another Person.

          “Holder” means (i) Brookfield and (ii) any direct or indirect transferee of Brookfield
who shall become a party to this Agreement in accordance with Section 2.9 and has agreed in writing
to be bound by the terms of this Agreement.

 

 

          “Person” or “person” means any individual, corporation, partnership, limited
liability company, joint venture, association, joint-stock company, trust, unincorporated
organization or government or other agency or political subdivision thereof.

          “register,” “registered” and “registration” refer to a registration
effected by preparing and filing a registration statement in compliance with the Securities Act,
and the declaration or ordering of the effectiveness of such registration statement.

          “Registrable Units” means the Units owned by Holders, together with any securities
owned by Holders issued with respect to such Units by way of dividend or split or in connection
with a combination of units, recapitalization, merger, consolidation, amalgamation or other
reorganization; provided, however, that Units that, pursuant to Section 3.1, no longer have
registration rights hereunder shall not be considered Registrable Units.

          “Requesting Holders” shall mean any Holder(s) requesting to have its (their)
Registrable Units included in any Demand Registration or Shelf Registration.

          “SEC” means the Securities and Exchange Commission or any other federal agency at the
time administering the Securities Act.

          “Securities Act” means the Securities Act of 1933, as amended, or any similar federal
statute, and the rules and regulations promulgated by the SEC thereunder.

          “Units” means limited partnership units of the Partnership.

     1.2 Other Terms. For purposes of this Agreement, the following terms have the
meanings set forth in the section or agreement indicated.

	 	 	 
	Term	 	Section
	Adverse Effect

	 	Section 2.1.5
	Advice

	 	Section 2.6
	Agreement

	 	Introductory Paragraph
	Demand Registration

	 	Section 2.1.1(a)
	Demanding Unitholders

	 	Section 2.1.1(a)
	Demand Request

	 	Section 2.1.1(a)
	Brookfield

	 	Introductory Paragraph
	Inspectors

	 	Section 2.5(xiii)
	IPO

	 	Recitals
	NYSE

	 	Section 2.7
	Partnership

	 	Introductory Paragraph
	Piggyback Registration

	 	Section 2.2.1
	Records

	 	Section 2.5(xiii)
	Required Filing Date

	 	Section 2.1.1(b)
	Seller Affiliates

	 	Section 2.8.1
	Shelf Registration

	 	Section 2.1.2

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	Term	 	Section
	Spin-off

	 	Recitals
	Spin-off Registration Statement

	 	Recitals
	Suspension Notice

	 	Section 2.6
	Units

	 	Recitals

     1.3 Rules of Construction. Unless the context otherwise requires

     (1) a term has the meaning assigned to it;

     (2) “or” is not exclusive;

     (3) words in the singular include the plural, and words in the plural include
the singular;

     (4) provisions apply to successive events and transactions; and

     (5) “herein,” “hereof” and other words of similar import refer to this
Agreement as a whole and not to any particular Article, Section or other
subdivision.

ARTICLE 2

REGISTRATION RIGHTS

     2.1  Demand Registration.

          2.1.1  Request for Registration.

               (a) Commencing on the date hereof, Brookfield shall have the right to require the Partnership
to file a registration statement on Form F-1 or F-3 or any similar or successor to such forms under
the Securities Act for a public offering of all or part of its or their Registrable Units (a
“Demand Registration”), by delivering to the Partnership written notice stating that such
right is being exercised, naming, if applicable, the Holders whose Registrable Units are to be
included in such registration (collectively, the “Demanding Unitholders”), specifying the
number of each such Demanding Unitholder’s Registrable Units to be included in such registration
and, subject to Section 2.1.3 hereof, describing the intended method of distribution thereof (a
“Demand Request”).

               (b) Each Demand Request shall specify the aggregate number of Registrable Units proposed to be
sold. Subject to Section 2.1.6, the Partnership shall file the registration statement in respect
of a Demand Registration as soon as practicable and, in any event, within forty-five (45) days
after receiving a Demand Request (the “Required Filing Date”) and shall use reasonable best
efforts to cause the same to be declared effective by the SEC as promptly as practicable after such
filing; provided, however, that:

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     (i) the Partnership shall not be obligated to file a registration
statement in respect of a Demand Registration pursuant to Section 2.1.1(a)
within [sixty (60) days] after the effective date of a previous Demand
Registration, other than a Shelf Registration pursuant to this Article 2;
and

     (ii) the Partnership shall not be obligated to file a registration
statement in respect of a Demand Registration pursuant to Section 2.1.1(a)
unless the Demand Request is for a number of Registrable Units with a
market value that is equal to at least [ [ ] as of the date of such
Demand Request].

          2.1.2 Shelf Registration. With respect to any Demand Registration, the Requesting
Holders may request the Partnership to effect a registration of the Registrable Units under a
registration statement pursuant to Rule 415 under the Securities Act (or any successor rule) (a
“Shelf Registration”).

          2.1.3 Selection of Underwriters. At the request of Brookfield, the offering of
Registrable Units pursuant to a Demand Registration shall be in the form of a “firm commitment”
underwritten offering. Brookfield shall select the investment banking firm or firms to manage the
underwritten offering; provided that such selection shall be subject to the consent of the
Partnership, which consent shall not be unreasonably withheld or delayed. No Holder may
participate in any registration pursuant to Section 2.1.1 unless such Holder (x) agrees to sell
such Holder’s Registrable Units on the basis provided in any underwriting arrangements described
above and (y) completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents reasonably required under the terms of such
underwriting arrangements; provided, however, that no such Holder shall be required to make any
representations or warranties in connection with any such registration other than representations
and warranties as to (i) such Holder’s ownership of Registrable Units to be transferred free and
clear of all liens, claims, and encumbrances, (ii) such Holder’s power and authority to effect such
transfer, and (iii) such matters pertaining to compliance with securities laws as may be reasonably
requested; provided, further, however, that the obligation of such Holder to indemnify pursuant to
any such underwriting arrangements shall be several, not joint and several, among such Holders
selling Registrable Units, and the liability of each such Holder will be in proportion thereto, and
provided, further, that such liability will be limited to the net amount received by such Holder
from the sale of his or its Registrable Units pursuant to such registration.

          2.1.4 Rights of Nonrequesting Holders. Upon receipt of any Demand Request, the
Partnership shall promptly (but in any event within ten (10) days) give written notice of such
proposed Demand Registration to all other Holders, who shall have the right, exercisable by written
notice to the Partnership within twenty (20) days of their receipt of the Partnership’s notice, to
elect to include in such Demand Registration such portion of their Registrable Units as they may
request. All Holders requesting to have their Registrable Units included in a Demand Registration
in accordance with the

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preceding sentence shall be deemed to be “Requesting Holders” for purposes of this Section
2.1.

          2.1.5 Priority on Demand Registrations. No securities to be sold for the account of
any Person (including the Partnership) other than a Requesting Holder shall be included in a Demand
Registration unless the managing underwriter or underwriters shall advise the Requesting Holders in
writing that the inclusion of such securities will not adversely affect the price, timing or
distribution of the offering or otherwise adversely affect its success (an “Adverse
Effect”). Furthermore, if the managing underwriter or underwriters shall advise the Requesting
Holders that, even after exclusion of all securities of other Persons pursuant to the immediately
preceding sentence, the amount of Registrable Units proposed to be included in such Demand
Registration by Requesting Holders is sufficiently large to cause an Adverse Effect, the
Registrable Units of the Requesting Holders to be included in such Demand Registration shall equal
the number of shares which the Requesting Holders are so advised can be sold in such offering
without an Adverse Effect and such shares shall be allocated pro rata among the Requesting Holders
on the basis of the number of Registrable Units requested to be included in such registration by
each such Requesting Holder.

          2.1.6 Deferral of Filing. The Partnership may defer the filing (but not the
preparation) of a registration statement required by Section 2.1 until a date not later than ninety
(90) days after the Required Filing Date if (i) at the time the Partnership receives the Demand
Request, the Partnership is engaged in confidential negotiations or other confidential activities,
disclosure of which would be required in such registration statement (but would not be required if
such registration statement were not filed), and the Board of Directors of the general partner of
the Partnership determines in good faith that such disclosure would be materially detrimental to
the Partnership and its unitholders, or (ii) prior to receiving the Demand Request, the Partnership
had determined to effect a registered underwritten public offering of the Partnership’s securities
for the Partnership’s account and the Partnership had taken substantial steps (including, but not
limited to, selecting a managing underwriter for such offering) and is proceeding with reasonable
diligence to effect such offering. A deferral of the filing of a registration statement pursuant
to this Section 2.1.6 shall be lifted, and the requested registration statement shall be filed
forthwith, if, in the case of a deferral pursuant to clause (i) of the preceding sentence, the
negotiations or other activities are disclosed, otherwise become publicly known, or are terminated,
or, in the case of a deferral pursuant to clause (ii) of the preceding sentence, the proposed
registration for the Partnership’s account is abandoned. In order to defer the filing of a
registration statement pursuant to this Section 2.1.6, the Partnership shall promptly (but in any
event within ten (10) days), upon determining to seek such deferral, deliver to Brookfield a
certificate signed by an officer of the Partnership stating that the Partnership is deferring such
filing pursuant to this Section 2.1.6 and a general statement of the reason for such deferral and
an approximation of the anticipated delay. Within twenty (20) days after receiving such
certificate, Brookfield may withdraw such Demand Request by giving notice to the Partnership; if
withdrawn, the Demand Request shall be deemed not to have been made for all purposes of this
Agreement. The Partnership may defer the filing of a particular registration statement pursuant to
this Section 2.1.6 only once.

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     2.2 Piggyback Registrations.

          2.2.1 Right to Piggyback. Each time the Partnership proposes to register any of its
equity securities (other than pursuant to an Excluded Registration) under the Securities Act for
sale to the public (whether for the account of the Partnership or the account of any securityholder
of the Partnership) (a “Piggyback Registration”), the Partnership shall give prompt written
notice to each Holder of Registrable Units (which notice shall be given not less than twenty (20)
days prior to the anticipated filing date of the Partnership’s registration statement), which
notice shall offer each such Holder the opportunity to include any or all of its Registrable Units
in such registration statement, subject to the limitations contained in Section 2.2.2 hereof. Each
Holder who desires to have its Registrable Units included in such registration statement shall so
advise the Partnership in writing (stating the number of shares desired to be registered) within
ten (10) days after the date of such notice from the Partnership. Any Holder shall have the right
to withdraw such Holder’s request for inclusion of such Holder’s Registrable Units in any
registration statement pursuant to this Section 2.2.1 by giving written notice to the Partnership
of such withdrawal. Subject to Section 2.2.2 below, the Partnership shall include in such
registration statement all such Registrable Units so requested to be included therein; provided,
however, that the Partnership may at any time withdraw or cease proceeding with any such
registration if it shall at the same time withdraw or cease proceeding with the registration of all
other equity securities originally proposed to be registered.

          2.2.2 Priority on Piggyback Registrations.

               (a) If a Piggyback Registration is an underwritten offering, and if the managing underwriter
advises the Partnership that the inclusion of Registrable Units requested to be included in the
Registration Statement would cause an Adverse Effect, the Partnership shall include in such
registration statement (i) first, the securities the Partnership proposes to sell, (ii) second, the
Registrable Units requested to be included in such registration, pro rata among the Holders of such
Registrable Units on the basis of the number of Registrable Units owned by each such Holder, and
(iii) third, any other securities requested to be included in such registration. If as a result of
the provisions of this Section 2.2.2(a) any Holder shall not be entitled to include all Registrable
Units in a registration that such Holder has requested to be so included, such Holder may withdraw
such Holder’s request to include Registrable Units in such registration statement.

               (b) No Holder may participate in any registration statement in respect of a Piggyback
Registration hereunder unless such Holder (x) agrees to sell such Holder’s Registrable Units on the
basis provided in any underwriting arrangements approved by the Partnership and (y) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other
documents, each in customary form, reasonably required under the terms of such underwriting
arrangements; provided, however, that no such Holder shall be required to make any representations
or warranties in connection with any such registration other than representations and warranties as
to (i) such Holder’s ownership of Registrable Units to be sold or transferred free and clear of all
liens, claims, and encumbrances, (ii) such Holder’s power and authority to effect

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such transfer, and (iii) such matters pertaining to compliance with securities laws as may be
reasonably requested; provided, further, however, that the obligation of such Holder to indemnify
pursuant to any such underwriting arrangements shall be several, not joint and several, among such
Holders selling Registrable Units, and the liability of each such Holder will be in proportion to,
and provided, further, that such liability will be limited to, the net amount received by such
Holder from the sale of his or its Registrable Units pursuant to such registration.

     2.3 SEC Form F-3. The Partnership shall use its reasonable best efforts to cause
Demand Registrations to be registered on Form F-3 (or any successor form) once the Partnership
becomes eligible to use Form F-3, and if the Partnership is not then eligible under the Securities
Act to use Form F-3, Demand Registrations shall be registered on the form for which the Partnership
then qualifies. The Partnership shall use its reasonable best efforts to become eligible to use
Form F-3 and, after becoming eligible to use Form F-3, shall use its reasonable best efforts to
remain so eligible.

     2.4 Holdback Agreements.

               (a) The Partnership shall not effect any public sale or distribution of its equity securities,
or any securities convertible into or exchangeable or exercisable for such securities, during the
seven (7) days prior to and during the ninety (90)-day period beginning on the effective date of
any registration statement in connection with a Demand Registration (other than a Shelf
Registration) or a Piggyback Registration, except pursuant to registrations on Form F-4 or Form S-8
or any successor form or unless the underwriters managing any such public offering otherwise agree.

               (b) If any Holders of Registrable Units notify the Partnership in writing that they intend to
effect an underwritten sale of Units on a specified date registered pursuant to a Shelf
Registration pursuant to Article 2 hereof, the Partnership shall not effect any public sale or
distribution of its equity securities, or any securities convertible into or exchangeable or
exercisable for its equity securities, during the seven (7) days prior to and during the ninety
(90)-day period beginning on the date specified in such notice, except pursuant to registrations on
Form F-4 or Form S-8 or any successor form or unless the underwriters managing any such public
offering otherwise agree.

               (c) Provided the Partnership has complied with Section 2.2, each Holder agrees, in the event
of an underwritten offering by the Partnership (whether for the account of the Partnership or
otherwise), not to offer, sell, contract to sell or otherwise dispose of any Registrable Units, or
any securities convertible into or exchangeable or exercisable for such securities, including any
sale pursuant to Rule 144 under the Securities Act (except as part of such underwritten offering),
during the seven (7) days prior to, and during the ninety (90)-day period (or such lesser period as
the lead or managing underwriters may require) beginning on, the effective date of the registration
statement for such underwritten offering (or, in the case of an offering pursuant to an effective
shelf registration statement pursuant to Rule 415, the pricing date for such underwritten
offering).

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     2.5 Registration Procedures. Whenever Brookfield has requested that any Registrable
Units be registered pursuant to this Agreement, the Partnership will use its reasonable best
efforts to effect the registration and the sale of such Registrable Units in accordance with the
intended method of disposition thereof as promptly as is practicable, and pursuant thereto the
Partnership will as expeditiously as possible:

     (i) prepare and file with the SEC, pursuant to Section 2.1.1(b) with respect
to any Demand Registration, subject to Section 2.3, a registration statement on any
appropriate form under the Securities Act with respect to such Registrable Units
and use its reasonable best efforts to cause such registration statement to become
effective; provided that as far in advance as practicable before filing such
registration statement or any amendment thereto, the Partnership will furnish to
the selling Holders copies of reasonably complete drafts of all such documents
prepared to be filed (including exhibits), and any such Holder shall have the
opportunity to object to any information contained therein and the Partnership will
make corrections reasonably requested by such Holder with respect to such
information prior to filing any such registration statement or amendment;

     (ii) except in the case of a Shelf Registration, prepare and file with the
SEC such amendments, post-effective amendments and supplements to such registration
statement and the prospectus used in connection therewith as may be necessary to
keep such registration statement effective for a period of not less than one
hundred eighty (180) days (or such lesser period as is necessary for the
underwriters in an underwritten offering to sell unsold allotments) and comply with
the provisions of the Securities Act with respect to the disposition of all
securities covered by such registration statement during such period in accordance
with the intended methods of disposition by the sellers thereof set forth in such
registration statement;

     (iii) in the case of a Shelf Registration, prepare and file with the SEC such
amendments and supplements to such registration statement and the prospectus used
in connection therewith as may be necessary to keep such registration statement
effective and to comply with the provisions of the Securities Act with respect to
the disposition of all Registrable Units subject thereto for a period ending on the
earlier of (x) twenty four (24) months after the effective date of such
registration statement and (y) the date on which all the Registrable Units subject
thereto have been sold pursuant to such registration statement;

     (iv) furnish to each seller of Registrable Units and the underwriters of the
securities being registered such number of copies of such registration statement,
each amendment and supplement thereto, the prospectus included in such registration
statement (including each preliminary prospectus), any documents incorporated by
reference therein and such other documents as such seller or underwriters may
reasonably

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request in order to facilitate the disposition of the Registrable Units owned
by such seller or the sale of such securities by such underwriters (it being
understood that, subject to Section 2.6 and the requirements of the Securities Act
and applicable state securities laws, the Partnership consents to the use of the
prospectus and any amendment or supplement thereto by each seller and the
underwriters in connection with the offering and sale of the Registrable Units
covered by the registration statement of which such prospectus, amendment or
supplement is a part);

     (v) use its reasonable best efforts to register or qualify such Registrable
Units under such other securities or blue sky laws of such jurisdictions as the
managing underwriter reasonably requests (or, in the event the registration
statement does not relate to an underwritten offering, as the holders of a majority
of such Registrable Units may reasonably request); use its reasonable best efforts
to keep each such registration or qualification (or exemption therefrom) effective
during the period in which such registration statement is required to be kept
effective; and do any and all other acts and things which may be reasonably
necessary or advisable to enable each seller to consummate the disposition of the
Registrable Units owned by such seller in such jurisdictions (provided, however,
that the Partnership will not be required to (A) qualify generally to do business
in any jurisdiction where it would not otherwise be required to qualify but for
this subparagraph or (B) consent to general service of process in any such
jurisdiction);

     (vi) promptly notify each seller and each underwriter and (if requested by
any such Person) confirm such notice in writing (A) when a prospectus or any
prospectus supplement or post-effective amendment has been filed and, with respect
to a registration statement or any post-effective amendment, when the same has
become effective, (B) of the issuance by any state securities or other regulatory
authority of any order suspending the qualification or exemption from qualification
of any of the Registrable Units under state securities or “blue sky” laws or the
initiation of any proceedings for that purpose, and (C) of the happening of any
event which makes any statement made in a registration statement or related
prospectus untrue or which requires the making of any changes in such registration
statement, prospectus or documents so that they will not contain any untrue
statement of a material fact or omit to state any material fact required to be
stated therein or necessary to make the statements therein not misleading, and, as
promptly as practicable thereafter, prepare and file with the SEC and furnish a
supplement or amendment to such prospectus so that, as thereafter deliverable to
the purchasers of such Registrable Units, such prospectus will not contain any
untrue statement of a material fact or omit a material fact necessary to make the
statements therein, in light of the circumstances under which they were made, not
misleading;

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     (vii) permit any selling Holder, which in such Holder’s sole and exclusive
judgment, might reasonably be deemed to be an underwriter or a controlling person
of the Partnership, to participate in the preparation of such registration or
comparable statement and to require the insertion therein of material, furnished to
the Partnership in writing, which in the reasonable judgment of such Holder and its
counsel should be included;

     (viii) make reasonably available personnel, as selected by the Holders of a
majority of the Registrable Units included in such registration, for assistance in
the selling effort relating to the Registrable Units covered by such registration,
including, but not limited to, the participation of such members of the
Partnership’s management in road show presentations;

     (ix) otherwise use its reasonable best efforts to comply with all applicable
rules and regulations of the SEC, including the Securities Act and the Exchange Act
and the rules and regulations promulgated thereunder, and make generally available
to the Partnership’s securityholders an earnings statement satisfying the
provisions of Section 11(a) of the Securities Act no later than thirty (30) days
after the end of the twelve (12) month period beginning with the first day of the
Partnership’s first fiscal quarter commencing after the effective date of a
registration statement, which earnings statement shall cover said twelve (12) month
period, and which requirement will be deemed to be satisfied if the Partnership
timely files complete and accurate information on Forms 20-F and 6-K under the
Exchange Act and otherwise complies with Rule 158 under the Securities Act;

     (x) if requested by the managing underwriter or any seller promptly
incorporate in a prospectus supplement or post-effective amendment such information
as the managing underwriter or any seller reasonably requests to be included
therein, including, without limitation, with respect to the Registrable Units being
sold by such seller, the purchase price being paid therefor by the underwriters and
with respect to any other terms of the underwritten offering of the Registrable
Units to be sold in such offering, and promptly make all required filings of such
prospectus supplement or post-effective amendment;

     (xi) as promptly as practicable after filing with the SEC of any document
which is incorporated by reference into a registration statement (in the form in
which it was incorporated), deliver a copy of each such document to each seller;

     (xii) cooperate with the sellers and the managing underwriter to facilitate
the timely preparation and delivery of certificates (which shall not bear any
restrictive legends unless required under applicable law) representing securities
sold under any registration statement, and enable

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such securities to be in such denominations and registered in such names as
the managing underwriter or such sellers may request and keep available and make
available to the Partnership’s transfer agent prior to the effectiveness of such
registration statement a supply of such certificates;

     (xiii) promptly make available for inspection by any seller, any underwriter
participating in any disposition pursuant to any registration statement, and any
attorney, accountant or other agent or representative retained by any such seller
or underwriter (collectively, the “Inspectors”), all financial and other
records, pertinent corporate documents and properties of the Partnership
(collectively, the “Records”), as shall be reasonably necessary to enable
them to exercise their due diligence responsibility, and cause the Partnership’s
officers, directors and employees to supply all information requested by any such
Inspector in connection with such registration statement; provided, however, that,
unless the disclosure of such Records is necessary to avoid or correct a
misstatement or omission in the registration statement or the release of such
Records is ordered pursuant to a subpoena or other order from a court of competent
jurisdiction, the Partnership shall not be required to provide any information
under this subparagraph (xiii) if (A) the Partnership believes, after consultation
with counsel for the Partnership, that to do so would cause the Partnership to
forfeit an attorney-client privilege that was applicable to such information or (B)
if either (1) the Partnership has requested and been granted from the SEC
confidential treatment of such information contained in any filing with the SEC or
documents provided supplementally or otherwise or (2) the Partnership reasonably
determines in good faith that such Records are confidential and so notifies the
Inspectors in writing, unless prior to furnishing any such information with respect
to clause (B) such Holder of Registrable Units requesting such information agrees
to enter into a confidentiality agreement in customary form and subject to
customary exceptions; and provided, further, that each Holder of Registrable Units
agrees that it will, upon learning that disclosure of such Records is sought in a
court of competent jurisdiction, give notice to the Partnership and allow the
Partnership, at its expense, to undertake appropriate action and to prevent
disclosure of the Records deemed confidential;

     (xiv) furnish to each seller and underwriter a signed counterpart of (A) an
opinion or opinions of counsel to the Partnership, and (B) a comfort letter or
comfort letters from the Partnership’s independent public accountants, each in
customary form and covering such matters of the type customarily covered by
opinions or comfort letters, as the case may be, as the sellers or managing
underwriter reasonably requests;

     (xv) cause the Registrable Units included in any registration statement to be
listed on the New York Stock Exchange (the “NYSE”);

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     (xvi) provide a transfer agent and registrar for all Registrable Units
registered hereunder;

     (xvii) cooperate with each seller and each underwriter participating in the
disposition of such Registrable Units and their respective counsel in connection
with any filings required to be made with the National Association of Securities
Dealers, Inc. (“NASD”);

     (xviii) during the period when the prospectus is required to be delivered
under the Securities Act, promptly file all documents required to be filed with the
SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act;

     (xix) notify each seller of Registrable Units promptly of any request by the
SEC for the amending or supplementing of such registration statement or prospectus
or for additional information;

     (xx) enter into such agreements (including underwriting agreements in the
managing underwriter’s customary form) as are customary in connection with an
underwritten registration; and

     (xxi) advise each seller of such Registrable Units, promptly after it shall
receive notice or obtain knowledge thereof, of the issuance of any stop order by
the SEC suspending the effectiveness of such registration statement or the
initiation or threatening of any proceeding for such purpose and promptly use its
reasonable best efforts to prevent the issuance of any stop order or to obtain its
withdrawal at the earliest possible moment if such stop order should be issued.

     2.6 Suspension of Dispositions. Each Holder agrees by acquisition of any Registrable
Units that, upon receipt of any notice (a “Suspension Notice”) from the Partnership of the
happening of any event of the kind described in Section 2.5(vi)(C) such Holder will forthwith
discontinue disposition of Registrable Units until such Holder’s receipt of the copies of the
supplemented or amended prospectus, or until it is advised in writing (the “Advice”) by the
Partnership that the use of the prospectus may be resumed, and has received copies of any
additional or supplemental filings which are incorporated by reference in the prospectus, and, if
so directed by the Partnership, such Holder will deliver to the Partnership all copies, other than
permanent file copies then in such Holder’s possession, of the prospectus covering such Registrable
Units current at the time of receipt of such notice. In the event the Partnership shall give any
such notice, the time period regarding the effectiveness of registration statements set forth in
Sections 2.5(ii) and 2.5(iii) hereof shall be extended by the number of days during the period from
and including the date of the giving of the Suspension Notice to and including the date when each
seller of Registrable Units covered by such registration statement shall have received the copies
of the supplemented or amended prospectus or the Advice. The Partnership shall use its reasonable
best efforts and take such actions as are reasonably necessary to render the Advice as promptly as
practicable.

12

 

     2.7 Registration Expenses. All fees and expenses incident to any registration
including, without limitation, the Partnership’s performance of or compliance with this Article
2, all registration and filing fees, all fees and expenses associated with filings required to
be made with the NASD (including, if applicable, the reasonable fees and expenses of any “qualified
independent underwriter” as such term is defined in Schedule E of the By-Laws of the NASD, and of
its counsel), as may be required by the rules and regulations of the NASD, fees and expenses of
compliance with securities or “blue sky” laws (including reasonable fees and disbursements of
counsel in connection with “blue sky” qualifications of the Registrable Units), rating agency fees,
printing expenses (including expenses of printing certificates for the Registrable Units and of
printing prospectuses), messenger and delivery expenses, the fees and expenses incurred in
connection with any listing or quotation of the Registrable Units, fees and expenses of counsel for
the Partnership and its independent certified public accountants (including the expenses of any
special audit or “cold comfort” letters required by or incident to such performance), the fees and
expenses of any special experts retained by the Partnership in connection with such registration,
and the fees and expenses of other persons retained by the Partnership, will be borne by the
Partnership (unless paid by a security holder that is not a Holder for whose account the
registration is being effected) whether or not any registration statement becomes effective;
provided, however, that any underwriting discounts, commissions, or fees attributable to the sale
of the Registrable Units will be borne by the Holders pro rata on the basis of the number of Units
so registered and the fees and expenses of any counsel, accountants, or other persons retained or
employed by any Holder will be borne by such Holder.

     2.8 Indemnification.

          2.8.1 The Partnership agrees to indemnify and reimburse, to the fullest extent permitted by
law, each seller of Registrable Units, and each of its employees, advisors, agents,
representatives, partners, officers, and directors and each Person who controls such seller (within
the meaning of the Securities Act or the Exchange Act) and any agent or investment advisor thereof
(collectively, the “Seller Affiliates”) (A) against any and all losses, claims, damages,
liabilities, and expenses, joint or several (including, without limitation, attorneys’ fees and
disbursements except as limited by Section 2.8.3) based upon, arising out of, related to or
resulting from any untrue or alleged untrue statement of a material fact contained in any
registration statement, prospectus, preliminary prospectus, issuer free writing prospectus (as such
term is defined in Rule 433 of the Securities Act) or any amendment thereof or supplement thereto,
or any omission or alleged omission of a material fact required to be stated therein or necessary
to make the statements therein not misleading, (B) against any and all loss, liability, claim,
damage, and expense whatsoever, as incurred, to the extent of the aggregate amount paid in
settlement of any litigation or investigation or proceeding by any governmental agency or body,
commenced or threatened, or of any claim whatsoever based upon, arising out of, related to or
resulting from any such untrue statement or omission or alleged untrue statement or omission, and
(C) against any and all costs and expenses (including reasonable fees and disbursements of counsel)
as may be reasonably incurred in investigating, preparing, or defending against any litigation, or
investigation or proceeding by any governmental agency or body, commenced or threatened, or any

13

 

claim whatsoever based upon, arising out of, related to or resulting from any such untrue
statement or omission or alleged untrue statement or omission, or violation of the Securities Act
or Exchange Act, to the extent that any such expense or cost is not paid under subparagraph (A) or
(B) above; except insofar as any such statements are made in reliance upon and in strict conformity
with information furnished in writing to the Partnership by such seller or any Seller Affiliate for
use therein or arise from such seller’s or any Seller Affiliate’s failure to deliver a copy of the
registration statement or prospectus or any amendments or supplements thereto after the Partnership
has furnished such seller or Seller Affiliate with a sufficient number of copies of the same. The
reimbursements required by this Section 2.8.1 will be made by periodic payments during the course
of the investigation or defense, as and when bills are received or expenses incurred.

          2.8.2 In connection with any registration statement in which a seller of Registrable Units is
participating, each such seller will furnish to the Partnership in writing such information and
affidavits as the Partnership reasonably requests for use in connection with any such registration
statement or prospectus and, to the fullest extent permitted by law, each such seller will
indemnify the Partnership and each of its employees, advisors, agents, representatives, partners,
officers and directors and each Person who controls the Partnership (within the meaning of the
Securities Act or the Exchange Act) and any agent or investment advisor thereof against any and all
losses, claims, damages, liabilities, and expenses (including, without limitation, reasonable
attorneys’ fees and disbursements except as limited by Section 2.8.3) resulting from any untrue
statement or alleged untrue statement of a material fact contained in the registration statement,
prospectus, or any preliminary prospectus or any amendment thereof or supplement thereto or any
omission or alleged omission of a material fact required to be stated therein or necessary to make
the statements therein not misleading, but only to the extent that such untrue statement or alleged
untrue statement or omission or alleged omission is contained in any information or affidavit so
furnished in writing by such seller or any of its Seller Affiliates specifically for inclusion in
the registration statement; provided that the obligation to indemnify will be several, not joint
and several, among such sellers of Registrable Units, and the liability of each such seller of
Registrable Units will be in proportion to, and will be limited to, the net amount received by such
seller from the sale of Registrable Units pursuant to such registration statement; provided,
however, that such seller of Registrable Units shall not be liable in any such case to the extent
that prior to the filing of any such registration statement or prospectus or amendment thereof or
supplement thereto, such seller has furnished in writing to the Partnership information expressly
for use in such registration statement or prospectus or any amendment thereof or supplement thereto
which corrected or made not misleading information previously furnished to the Partnership.

          2.8.3 Any Person entitled to indemnification hereunder will (A) give prompt written notice to
the indemnifying party of any claim with respect to which it seeks indemnification (provided that
the failure to give such notice shall not limit the rights of such Person) and (B) unless in such
indemnified party’s reasonable judgment a conflict of interest between such indemnified and
indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume
the defense of such

14

 

claim with counsel reasonably satisfactory to the indemnified party; provided, however, that
any person entitled to indemnification hereunder shall have the right to employ separate counsel
and to participate in the defense of such claim, but the fees and expenses of such counsel shall be
at the expense of such person unless (X) the indemnifying party has agreed to pay such fees or
expenses, (Y) the indemnifying party shall have failed to assume the defense of such claim and
employ counsel reasonably satisfactory to such person, or (Z) such counsel has been retained due to
a conflict as described below. If such defense is not assumed by the indemnifying party as
permitted hereunder, the indemnifying party will not be subject to any liability for any settlement
made by the indemnified party without its consent (but such consent will not be unreasonably
withheld or delayed). If such defense is assumed by the indemnifying party pursuant to the
provisions hereof, such indemnifying party shall not settle or otherwise compromise the applicable
claim unless (1) such settlement or compromise contains a full and unconditional release of the
indemnified party without any admission of liability on the part of such indemnified party or (2)
the indemnified party otherwise consents in writing. An indemnifying party who is not entitled to,
or elects not to, assume the defense of a claim will not be obligated to pay the fees and expenses
of more than one counsel for all parties indemnified by such indemnifying party with respect to
such claim, unless in the reasonable judgment of any indemnified party, a conflict of interest may
exist between such indemnified party and any other of such indemnified parties with respect to such
claim, in which event the indemnifying party shall be obligated to pay the reasonable fees and
disbursements of such additional counsel or counsels.

          2.8.4 Each party hereto agrees that, if for any reason the indemnification provisions
contemplated by Section 2.8.1 or Section 2.8.2 are unavailable to or insufficient to hold harmless
an indemnified party in respect of any losses, claims, damages, liabilities, or expenses (or
actions in respect thereof) referred to therein, then each indemnifying party shall contribute to
the amount paid or payable by such indemnified party as a result of such losses, claims,
liabilities, or expenses (or actions in respect thereof) in such proportion as is appropriate to
reflect the relative fault of the indemnifying party and the indemnified party in connection with
the actions which resulted in the losses, claims, damages, liabilities or expenses as well as any
other relevant equitable considerations. The relative fault of such indemnifying party and
indemnified party shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or omission or alleged omission to state a material
fact relates to information supplied by such indemnifying party or indemnified party, and the
parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission. The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 2.8.4 were determined by pro rata allocation (even if the
Holders or any underwriters or all of them were treated as one entity for such purpose) or by any
other method of allocation which does not take account of the equitable considerations referred to
in this Section 2.8.4. The amount paid or payable by an indemnified party as a result of the
losses, claims, damages, liabilities, or expenses (or actions in respect thereof) referred to above
shall be deemed to include any legal or other fees or expenses reasonably incurred by such
indemnified party in connection with investigating or, except as provided in Section 2.8.3,
defending any such action or claim. Notwithstanding the provisions of this Section

15

 

2.8.4, no Holder shall be required to contribute an amount greater than the dollar amount by
which the net proceeds received by such Holder with respect to the sale of any Registrable Units
exceeds the amount of damages which such Holder has otherwise been required to pay by reason of any
and all untrue or alleged untrue statements of material fact or omissions or alleged omissions of
material fact made in any registration statement, prospectus or preliminary prospectus or any
amendment thereof or supplement thereto related to such sale of Registrable Units. No person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. The Holders’ obligations in this Section 2.8.4 to contribute shall be several
in proportion to the amount of Registrable Units registered by them and not joint.

            If indemnification is available under this Section 2.8, the indemnifying parties shall
indemnify each indemnified party to the full extent provided in Section 2.8.1 and Section 2.8.2
without regard to the relative fault of said indemnifying party or indemnified party or any other
equitable consideration provided for in this Section 2.8.4 subject, in the case of the Holders, to
the limited dollar amounts set forth in Section 2.8.2.

            2.8.5 The indemnification and contribution provided for under this Agreement will remain in
full force and effect regardless of any investigation made by or on behalf of the indemnified party
or any officer, director, or controlling Person of such indemnified party and will survive the
transfer of securities.

     2.9 Transfer of Registration Rights. The rights of each Holder under this Agreement
may, in the Holder’s sole discretion, be assigned, in whole or
in part, to any direct or indirect transferee of all or any portion
of such Holder’s Registerable Units who agrees in writing to be
subject to and bound by all the terms and conditions of this
Agreement. For greater clarity, in the case of a transfer of less
than all of such Holder’s Registerable Units, no such assignment
will limit or otherwise impair the transferor’s rights under
this Agreement.

     2.10 Rule 144. The Partnership will file the reports required to be filed by it under
the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder
(or, if the Partnership is not required to file such reports, will, upon the request of the
Holders, make publicly available other information) and will take such further action as any of the
Holders may reasonably request, all to the extent required from time to time to enable the Holders
to sell Units without registration under the Securities Act within the limitation of the exemptions
provided by (i) Rule 144 under the Securities Act, as such rule may be amended from time to time or
(ii) any similar rule or regulation hereafter adopted by the SEC. Upon the reasonable request of
any Holder, the Partnership will deliver to such parties a written statement as to whether it has
complied with such requirements and will, at its expense, forthwith upon the request of any such
Holder, deliver to such Holder a certificate, signed by an officer, stating (a) the Partnership’s
name, address and telephone number (including area code), (b) the Partnership’s Internal Revenue
Service identification number, (c) the Partnership’s SEC file number, (d) the number of Units
outstanding as shown by the most recent report or statement published by the Partnership, and (e)
whether the Partnership has filed the reports required to be filed under the Exchange Act for a
period of at least ninety (90) days prior to the date of such certificate and in addition has filed
the most recent annual report required to be filed thereunder.

16

 

     2.11 Preservation of Rights. The Partnership will not directly or indirectly (i)
grant any registration rights to third parties which are more favorable than or inconsistent with
the rights granted hereunder or (ii) enter into any agreement, take any action, or permit any
change to occur, with respect to its securities that violates or subordinates the rights expressly
granted to the Holders in this Agreement.

ARTICLE 3

TERMINATION

     3.1 Termination. The Holders may exercise the registration rights granted hereunder
in such manner and proportions as they shall agree among themselves. The registration rights
hereunder shall cease to apply to any particular Registrable Unit when: (a) a registration
statement with respect to the sale of such Units (or other securities) shall have become effective
under the Securities Act and such Shares shall have been disposed of in accordance with such
registration statement; (b) such Units (or other securities) shall have been sold to the public
pursuant to Rule 144 under the Securities Act (or any successor provision); (c) such Units (or
other securities) shall have been otherwise transferred, new certificates for them not bearing a
legend restricting further transfer shall have been delivered by the Partnership and subsequent
public distribution of them shall not require registration or qualification of them under the
Securities Act or any similar state law then in force; (d) such Units (or other securities) shall
have ceased to be outstanding or (e) in the case of Registrable Units held by a Holder that is not
Brookfield or any Affiliate thereof, such Holder holds less than three percent (3%) of the then
outstanding Registrable Units and such Registrable Units are eligible for sale pursuant to Rule
144(k) under the Securities Act (or any successor provision). The Partnership shall promptly upon
the request of any Holder furnish to such Holder evidence of the number of Registrable Units then
outstanding.

ARTICLE 4

MISCELLANEOUS

     4.1 Notice. Any notice or other communication required or permitted to be given
hereunder shall be in writing and shall be given by prepaid mail, by facsimile or other means of
electronic communication or by delivery as hereafter provided. Any such notice or other
communication, if mailed by prepaid mail at any time other than during a general discontinuance of
postal service due to strike, lockout or otherwise, shall be deemed to have been received on the
fourth business day after the post-marked date thereof, or if sent by facsimile or other means of
electronic communication, shall be deemed to have been received on the business day following the
sending, or if delivered by hand shall be deemed to have been received at the time it is delivered
to the applicable address noted below either to the individual designated below or to an individual
at such address having apparent authority to accept deliveries on behalf of the addressee. Notice
of change of address shall also be governed by this section. In the event of a general
discontinuance of postal service due to strike, lock-out or otherwise, notices or other
communications shall be delivered by hand or sent by facsimile or other means of electronic
communication and shall be deemed to have been received in accordance with this section. Notices
and other communications shall be addressed as follows:

17

 

     If to the Partnership:

Brookfield Infrastructure Partners L.P.

Canon’s Court,

22 Victoria Street

Hamilton, HM 12, Bermuda

Facsimile: 441-292-8666

Attention: James Keyes

     with a copy to:

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, New York 10153

Facsimile: 212-310-8007

Attention: Joshua Robinson, Esq.

     If to Brookfield:

Brookfield Asset Management Inc.

Suite 300, Brookfield Place

181 Bay Street

Toronto, Ontario, Canada

M5J 2T3

Facsimile: 416-365-9642

Attention: Joseph Freedman

     If to any other Holder, the address indicated for such Holder in the Partnership’s stock
transfer records with copies, so long as Brookfield owns any Registrable Units, to Brookfield as
provided above.

          Failure to mail a notice or communication to a Holder or any defect in it shall not affect its
sufficiency with respect to other Holders. If a notice or communication is mailed in the manner
provided above, it is duly given, whether or not the addressee receives it.

     4.2 Authority. Each of the parties hereto represents to the other that (i) it has the
corporate or partnership power and authority to execute, deliver and perform this Agreement, (ii)
the execution, delivery and performance of this Agreement by it has been duly authorized by all
necessary corporate or partnership action and no such further action is required, (iii) it has duly
and validly executed and delivered this Agreement, and (iv) this Agreement is a legal, valid and
binding obligation, enforceable against it in accordance with its terms subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’
rights generally and general equity principles.

18

 

     4.3 Governing Law. This Agreement shall be governed by and construed and interpreted
in accordance with the laws of the State of New York irrespective of the choice of laws principles
of the State of New York other than Section 5-1401 of the General Obligations Law of the State of
New York.

     4.4 Successors and Assigns. Except as otherwise expressly provided herein, this
Agreement shall be binding upon and benefit the Partnership, each Holder, and their respective
successors and permitted assigns.

     4.5 Severability. If any term or other provision of this Agreement is invalid,
illegal or incapable of being enforced under any Law or as a matter of public policy, all other
conditions and provisions of this Agreement shall nevertheless remain in full force and effect.
Upon such determination that any term or other provision is invalid, illegal or incapable of being
enforced, the parties to this Agreement shall negotiate in good faith to modify this Agreement so
as to effect the original intent of the parties as closely as possible in a mutually acceptable
manner in order that the transactions contemplated by this Agreement be consummated as originally
contemplated to the greatest extent possible.

     4.6 Waivers. The observance of any term of this Agreement may be waived (either
generally or in a particular instance and either retroactively or prospectively) by the party
entitled to enforce such term, but such waiver shall be effective only if it is in a writing signed
by the party against whom the existence of such waiver is asserted. Unless otherwise expressly
provided in this Agreement, no delay or omission on the part of any party in exercising any right
or privilege under this Agreement shall operate as a waiver thereof, nor shall any waiver on the
part of any party of any right or privilege under this Agreement operate as a waiver of any other
right or privilege under this Agreement nor shall any single or partial exercise of any right or
privilege preclude any other or further exercise thereof or the exercise of any other right or
privilege under this Agreement. No failure by either party to take any action or assert any right
or privilege hereunder shall be deemed to be a waiver of such right or privilege in the event of
the continuation or repetition of the circumstances giving rise to such right unless expressly
waived in writing by the party against whom the existence of such waiver is asserted.

     4.7 Amendment. This Agreement may not be amended or modified in any respect except by
a written agreement signed by the Partnership, Brookfield (so long as Brookfield owns any Units)
and the Holders of a majority of the then outstanding Registrable Units.

     4.8 Counterparts. This Agreement may be executed in one or more counterparts, and by
the different parties to each such agreement in separate counterparts, each of which when executed
shall be deemed to be an original but all of which taken together shall constitute one and the same
agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile
shall be as effective as delivery of a manually executed counterpart of any such Agreement.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

19

 

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first written above.

	 	 	 	 	 	 	 
	 	 	BROOKFIELD INFRASTRUCTURE PARTNERS L.P., by its
general partner, BROOKFIELD INFRASTRUCTURE
PARTNERS LIMITED	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

Danesh Varma
	 	 
	 

	 	Title:
	 	Director	 	 
	 
	 	 	 	 	 	 
	 	 	BROOKFIELD ASSET MANAGEMENT INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Alan V. Dean	 	 
	 

	 	Title:
	 	Senior Vice President and Secretaryexv4w5

 

TRADEMARK SUBLICENSE AGREEMENT

          THIS AGREEMENT (“Agreement”) is effective the 21st day of May, 2007 (the “Effective Date”) by
and between Brookfield Global Asset Management Inc, an Ireland corporation, having a place of
business at First Floor, Fitzwilton House, Wilton Place, Dublin 2, Ireland (“Sublicensor”) and
Brookfield Infrastructure Partners L.P., a Bermuda limited partnership, having a place of business
at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda (“Sublicensee”).

RECITALS

          WHEREAS Brookfield Properties Corporation (“Owner”) owns the Licensed Marks in the Territory
as defined below and has granted to Sublicensor a right and license to use the Licensed Marks in
the Territory with a right to grant sublicenses pursuant to a Trademark License Agreement dated
September 15, 2005 (“Master License”);

          AND WHEREAS, the Sublicensee wishes to obtain a license to use the Licensed Marks in the
Territory, and Sublicensor agrees to grant such a license, subject to the terms and conditions set
out in this Agreement.

          NOW THEREFORE in consideration of the mutual promises and agreements herein made and intending
to be legally bound hereby, the parties hereto agree as follows:

1. Definitions

“Effective Date” means the 21st day of May, 2007.

“Licensed Marks” means the trademarks, trade names, logos and domain names listed in
Schedule A hereto, or as amended from time to time by written instrument executed by an
officer or director of each of Sublicensor and Sublicensee.

“Licensed Uses” means uses of the Licensed Marks in connection with the
Sublicensee’s or its subsidiaries’ current or proposed activities including in association
with any goods or services sold or performed in connection with its subsidiaries’ current or
proposed activities or activities performed by the Sublicensee.

“Master License” means the Trademark License Agreement between Owner and Sublicensor
dated September 15, 2005.

“Owner” means Brookfield Properties Corporation.

“Parties” means Sublicensor and Sublicensee.

“Party” means Sublicensor or Sublicensee.

 

- 2 -

“Person” means any individual, partnership, corporation, limited liability company,
unincorporated organization or association, trust (including the trustees thereof, in their
capacity as such) or other entity.

“Sublicensee” means Brookfield Infrastructure Partners L.P., a Bermuda limited
partnership, having a place of business at Canon’s Court, 22 Victoria Street, Hamilton HM
12, Bermuda.

“Sublicensor” means Brookfield Global Asset Management Inc, an Ireland corporation,
having a place of business at First Floor, Fitzwilton House, Wilton Place, Dublin 2,
Ireland.

“subsidiary” of a Person (the “first Person”) means any Person directly or
indirectly controlled by the first Person and includes a subsidiary of that subsidiary.

“Territory” means the United States and Canada.

2. Grant of SubLicense

2.1 Grant. Sublicensor hereby grants to Sublicensee and its subsidiaries, as of the
Effective Date and subject to the terms and conditions of this Agreement, a non-exclusive,
royalty-free right and sublicense to use the Licensed Marks in the Territory in association with
the Licensed Uses.

2.2 Further Sublicensing. The rights granted by Sublicensor to Sublicensee and its
subsidiaries pursuant to paragraph 2.1 shall not include the right to grant sublicenses to any
other entities.

3. Sublicensee’s Acknowledgements and Agreements

3.1 Ownership. Sublicensee acknowledges Owner’s right, title and interest, and
Sublicensor’s license and interests, in and to the Licensed Marks in the Territory. Except for the
sublicense specifically provided in this Agreement, no other right, title, or interest in or to the
Licensed Marks in the Territory is created for the benefit of Sublicensee or its subsidiaries.

3.2 Validity. Sublicensee agrees that it will not, either during the Term of this
Agreement or thereafter, attack, oppose, attempt to cancel, or otherwise challenge in any manner or
in any forum Owner’s ownership and interests, or Sublicensor’s license and interests, in and to the
Licensed Marks in the Territory, or the validity of this Agreement.

3.3 Goodwill. Sublicensee acknowledges the goodwill associated with the Licensed Marks in
the Territory, and agrees that all goodwill, including any increase in the value of the Licensed
Marks as a result of this Agreement, will inure solely to Owner’s benefit. Sublicensee will not
claim any title or any proprietary right to the Licensed Marks in the Territory or in any
derivation, adaptation, or variation thereof.

3.4 No Registration. Sublicensee will not attempt to register any of the Licensed Marks in
the Territory, either alone or in combination with other words or indicia, or use or attempt to

 

- 3 -

register any trademark (including, without limitation, domain names, telephone numbers and other
now existing or newly developed forms of trademarks) which is likely to be confused with the
Licensed Marks.

3.5 Trade Name. Sublicensee and its subsidiaries are permitted to use all or part of the
Licensed Marks as part of trade names of the Sublicensee or its subsidiaries in the Territory
during the Term and subject to the terms and conditions of this Agreement.

3.6 Evidence of Use. Upon Owner’s or Sublicensor’s request, Sublicensee shall provide, at
Owner’s or Sublicensor’s expense, evidence of use or other assistance that Sublicensor may
reasonably request to document use of the Licensed Marks.

3.7 Recordation. Sublicensee agrees to provide reasonable assistance to Owner or
Sublicensor, at Owner’s or Sublicensor’s request and expense, to record this Agreement with any
relevant or appropriate governmental agency and expressly agrees that recordation (or any similar
action) shall be undertaken only by Owner or Sublicensor and will be at Owner’s or Sublicensor’s
sole discretion. The Sublicensee’s assistance may, for example, include signing any additional
documents, including a shortened version of the major terms of this License.

4. Manner of Use

4.1 Usage Approval. Sublicensee agrees to use, and to permit its subsidiaries to use, the
Licensed Marks only in a manner and form that has been approved in advance by Sublicensor and in
accordance with any usage standards that Sublicensor may communicate to Sublicensee from time to
time.

4.2 Ownership Identification. Sublicensee agrees to comply, and to require its
subsidiaries to comply, with any reasonable marking requests that Sublicensor may make (for
example, that Sublicensee use the phrase “Registered Trademark”) in relation to the Licensed Marks.

5. Quality Control

5.1 Quality Standards. Sublicensee agrees to use, and to permit its subsidiaries to use,
the Licensed Marks only: (a) for Licensed Uses that meet any quality standards as communicated by
Sublicensor to Sublicensee from time to time (for greater certainty, Sublicensor hereby agrees that
Sublicensee’s activities as of the Effective Date of this agreement meet Sublicensor’s quality
standards); (b) in accordance with all applicable laws; and (c) in accordance with sound commercial
practice.

5.2 Prior Approval. Sublicensee agrees to submit, and to require its subsidiaries to
submit, copies of all proposed materials for use in any medium bearing any Licensed Marks to
Sublicensor, upon Sublicensor’s request, for Sublicensor’s approval before those materials are
published or otherwise disseminated.

5.3 Audit. To control and monitor effectively the quality of the Licensed Uses and the use
of the Licensed Marks, Sublicensor may inspect, upon five business day’s notice, during regular
business hours and without disruption of Sublicensee or its subsidiaries, Sublicensee’s or its
subsidiaries’ records relating to the Licensed Uses and the use of the Licensed Marks in the

 

- 4 -

Territory. Sublicensee agrees to permit, and to require its subsidiaries to permit, Sublicensor or
its designated representatives to enter Sublicensee’s and its subsidiaries’ premises for the
purpose of inspecting Sublicensee’s or its subsidiaries’ records.

6. Infringement and Enforcement

6.1 Notice of Use. Sublicensee shall promptly notify Sublicensor if Sublicensee learns of
the existence, use or promotion of any mark or design that may be confused with any of the Licensed
Marks in the Territory.

6.2 Cooperation. Owner or Sublicensor may take any legal action that Owner or Sublicensor
deem necessary or advisable to enforce or defend the Licensed Marks. Sublicensee and its
subsidiaries shall cooperate with Owner and Sublicensor in providing testimony, exhibits, facts or
similar support or cooperation in connection with such legal action.

7. Term and Termination

7.1 Termination of Rights and Expiration of Agreement. The right and license granted
hereunder shall commence on the Effective Date and shall continue in effect until terminated as
noted below, or until otherwise agreed upon in writing between Sublicensor and Sublicensee.

7.2 Termination of Agreement at Election of Sublicensor. Sublicensor may terminate this
Agreement immediately upon termination of the master services agreement dated December 4, 2007
between Sublicensee and Brookfield Asset Management Inc., among others. Sublicensor may terminate
this Agreement upon giving 30 days’ written notice of termination to Sublicensee on the following
events:

     (a) the bankruptcy, insolvency, receivership or winding-up of Sublicensee;

     (b) the change of control of Sublicensee including, without limitation, the disposition, by
conveyance, transfer, lease, assignment or otherwise of all, or substantially all, of the assets of
Sublicensee;

     (c) the date prior to the date on which the seizure or attachment of the property, assets or
undertaking of Sublicensee, as a result of any action taken against it by any other Person;

     (d) Sublicensee defaults in the performance of any material term, condition or agreement and
the default continues for a period of 30 days after written notice of termination of the breach is
given to Sublicensee;

     (e) Sublicensee assigns, sublicenses, pledges, mortgages or otherwise encumbers the
intellectual property rights granted to it; or

     (f) the termination or amendment of the Master License if such termination or amendment
results in a loss of rights licensed hereunder by Sublicensor.

7.3 Termination of Agreement at Election of Sublicensee. Sublicensee may terminate this
Agreement upon giving 30 days’ written notice of termination to Sublicensor in the event of

 

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default of Sublicensor in the performance of any material term, condition or agreement and the
default continues for a period of 30 days after written notice of termination of the breach is
given to Sublicensor.

8. Sublicensee’s Obligations Upon Termination

8.1 Reversion of Rights. Upon termination of this Agreement for any reason, all rights
granted to Sublicensee under this Agreement shall cease and revert to Sublicensor. Except to the
extent approved in writing by Sublicensor, Sublicensee agrees to immediately cease and desist from
any use of any of the Licensed Marks in the Territory and to cause all of its subsidiaries to do
same. Sublicensee agrees that it will not thereafter adopt, use or refer to any trademarks,
service marks, logos, designs, trade names, trade dress, domain names, toll-free numbers or other
identification, that is derived from or is likely to be confused with, any of the Licensed Marks in
the Territory.

8.2 Name Change. Upon termination of this Agreement, Sublicensee agrees that it will
promptly take steps to cancel any trade names of Sublicensee or its subsidiaries that incorporate
any of the Licensed Marks in the Territory.

9. Indemnity. Sublicensee agrees to indemnify and hold Owner and Sublicensor and their
respective officers, directors and employees harmless from and against all claims, demands,
lawsuits, proceedings, and actions of every kind, and all costs, expenses, damages, obligations,
deficiencies, or judgments whatsoever, including, but not limited to, reasonable attorney’s fees,
and other costs and expenses, including interest and penalties, incident to the foregoing arising
out of the use of the Licensed Marks in the Territory by Sublicensee or its subsidiaries in breach
of this Agreement.

10. Limited Liability of Limited Partners of Sublicensee. The Parties acknowledge that
Sublicensee is a limited partnership formed under the laws of Bermuda, a limited partner of which
is liable for any liabilities or losses of the relevant partnership only to the extent of the
amount that such limited partner has contributed, or agreed to contribute, to the capital of the
relevant partnership and such limited partner’s pro rata share of any undistributed income. The
Parties further acknowledge that Brookfield Infrastructure Partners Limited is the sole general
partner of Sublicensee.

11. Governing Law; Venue. This Agreement shall be governed by and construed in accordance
with the substantive laws of the Province of Ontario and the Federal Laws of Canada applicable
therein.

12. Injunctive Relief. Sublicensee expressly acknowledges that nothing in this Agreement
or any other agreement or agreements between the Sublicensor and Sublicensee shall prevent Owner or
Sublicensor from immediately seeking injunctive relief, or any other equitable or judicial remedy,
in any forum that Owner or Sublicensor, in their sole discretion, deem appropriate to protect its
rights including its intellectual property rights.

13. Waiver and Modification. No waiver of any breach of this Agreement will constitute a
waiver of any subsequent breach, and no waiver will be effective unless in writing and signed by
the Party to be charged. This Agreement may not be amended or modified except by a writing

 

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signed by both Parties. The failure of either Party at any time to require performance by the
other of any provisions of this Agreement will in no way affect the full right of the Party to
require the performance of any provisions at any later time.

14. Severability. If any non-material provision of this Agreement, as determined by
Sublicensor in its sole discretion, is held to be invalid, illegal, or unenforceable in any respect
by a court or administrative body of competent jurisdiction, then unless otherwise agreed, this
Agreement will continue in full force and effect except for such provisions, which will be deemed
excised herefrom. In such event, the Parties hereto agree to use their best efforts to agree on
substitute provisions, which, while valid, will achieve as closely as possible the same economic
effects as the invalid provision(s). If a material provision of this Agreement, as determined by
Sublicensor at its sole discretion, is held to be invalid, illegal or unenforceable and cannot be
modified to Sublicensor’s satisfaction, this Agreement may be terminated at Sublicensor’s option.

15. Headings. The headings of the sections and subsections of this Agreement have been
inserted for convenience of reference only and do not restrict or otherwise modify any of the terms
or provisions of this Agreement.

16. Counterparts. This Agreement may be executed in one or more counterparts, each of
which will be deemed an original, but all of which together will constitute one and the same
instrument.

17. Relationship of the Parties. Nothing contained herein shall be construed to place the
Parties in a relationship of joint venturers, partners, associates or principal and agent. Neither
Party is granted the right to assume or create any obligation or responsibility for or on behalf of
the other Party or otherwise bind the other Party other that as may be expressly authorized by the
other Party in writing.

18. Successor and Assigns. This Agreement shall inure to the benefit of and be binding
upon Sublicensor, Sublicensee and their respective permitted successors and assigns.

19. Survival. All obligations of Sublicensor and Sublicensee shall expressly or by their
nature survive expiration or termination of this Agreement shall continue in full force and effect
subsequent to and notwithstanding such expiration and termination or until they are satisfied or by
their nature expire.

20. Notices. Any notice or other communication required or permitted hereunder shall be in
writing and shall be delivered personally, sent by facsimile transmission, by express courier, or
by prepaid mail (except during an interruption of postal services). Any such notice or other
communication, if mailed by prepaid mail at any time other than during a general discontinuance of
postal service due to strike, lockout or otherwise, will be deemed to have been received on the
second business day after the post marked date thereof, or if sent by facsimile, will be deemed to
have been received on the business day following the sending, or if delivered by express courier or
by hand will be deemed to have been received at the time it is delivered to the applicable address
noted below either to the individual designated below or to an individual at such address having
apparent authority to accept deliveries on behalf of the addressee. Notice of change of

 

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address will also be governed by this section. Notices and other communications will be addressed
as follows:

If to Sublicensor:

Brookfield Global Asset Management Inc

First Floor

Fitzwilton House

Wilton Place

Dublin 2, Ireland

Attn: Secretary

If to Sublicensee:

Brookfield Infrastructure Partners Limited

Canon’s Court

22 Victoria Street

Hamilton HM 12, Bermuda

Attn: Secretary

21. Construction. This Agreement has been prepared by each of the Parties hereto and the
terms hereof will not be construed in favor of or against any Party by reason of its participation
in the preparation.

22. Entire Agreement. This Agreement, together with the attached Schedules, sets forth the
entire agreement and understanding of Sublicensor and Sublicensee with respect to the subject
matter herein, and supersedes all prior agreements, arrangements and understandings, written or
oral.

[NEXT PAGE IS SIGNATURE PAGE]

 

 

     IN WITNESS WHEREOF, the Parties have caused this Agreement to be signed by their duly
authorized representatives having effect as of the Effective Date.

	 	 	 	 	 
	 	BROOKFIELD GLOBAL ASSET MANAGEMENT INC.

 	 
	 	By:  	 	 
	 	 	Name:  	Scott Parsons 	 
	 	 	Title:  	Director 	 
	 

	 	 	 	 	 
	 	BROOKFIELD INFRASTRUCTURE PARTNERS L.P.,

by its general partner,

BROOKFIELD INFRASTRUCTURE PARTNERS LIMITED

 	 
	 	By:  	 	 
	 	 	Name:  	Derek Pannell 	 
	 	 	Title:  	Director 	 
	 

 

 

SCHEDULE A

CURRENT MARKS

Canada

	 	 	 
	Mark	 	Application/Registration
	BROOKFIELD
	 	TMA472,422
	 

	BROOKFIELD & Design
	 	1,057,813
	 

	BROOKFIELD HOMES
	 	TMA476,824
	 

	HOUSE SILHOUETTE DESIGN
	 	1,057,814

US

	 	 	 
	Mark	 	Application/Registration
	BROOKFIELD
	 	  2,472,635
	 

	BROOKFIELD
	 	75/841,797
	 

	BROOKFIELD
	 	75/841,945
	 

	BROOKFIELD HOMES
	 	  2,472,636
	 

	HOUSE SILHOUETTE DESIGN
	 	  2,649,911
	 

	HOUSE SILHOUETTE DESIGN
	 	  2,445,948

EXTENDED MARKS

Canada

	 	 	 
	Mark	 	Application/Registration
	BROOKFIELD
	 	1,272,296
	 

	BROOKFIELD
	 	1,272,298

 

- 2 -

	 	 	 
	Mark	 	Application/Registration
	BROOKFIELD
	 	1,272,300
	 

	BROOKFIELD
	 	1,272,301
	 

	BROOKFIELD ASSET MANAGEMENT
	 	1,272,304
	 

	BROOKFIELD ASSET MANAGEMENT
	 	1,272,306
	 

	BROOKFIELD POWER
	 	1,272,302
	 

	BROOKFIELD TIMBER
	 	1,272,308

US

	 	 	 
	Mark	 	Application/Registration
	BROOKFIELD

	 	not yet filed (corresponds to Canadian
application 1,272,296)
	 
	 	 
	BROOKFIELD

	 	not yet filed (corresponds to Canadian
application 1,272,298)
	 
	 	 
	BROOKFIELD

	 	not yet filed (corresponds to Canadian
application 1,272,300)
	 
	 	 
	BROOKFIELD

	 	not yet filed (corresponds to Canadian
application 1,272,301)
	 
	 	 
	BROOKFIELD ASSET MANAGEMENT

	 	not yet filed (corresponds to Canadian
application 1,272,304)
	 
	 	 
	BROOKFIELD ASSET MANAGEMENT

	 	not yet filed (corresponds to Canadian
application 1,272,306)
	 
	 	 
	BROOKFIELD POWER

	 	not yet filed (corresponds to Canadian
application 1,272,302)
	 
	 	 
	BROOKFIELD TIMBER

	 	not yet filed (corresponds to Canadian
application 1,272,308)

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