Exhibit 10.6
BROOKFIELD INFRASTRUCTURE PARTNERS L.P.
FORM OF FIRST AMENDMENT TO THE
AMENDED AND RESTATED MASTER SERVICES AGREEMENT
THIS AMENDMENT(the “Amendment”) to the Amended and Restated Master Services Agreement, dated as of March 13, 2015 (the “Agreement”) among Brookfield Asset Management Inc. (“BAM”), Brookfield Infrastructure Partners L.P. (the “BIP Partnership”) and others is made as of the ∎th day of ∎, 2020 by the undersigned. Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement.
WHEREAS, on ∎, 2020, the board of directors of the general partner of the BIP Partnership approved a special distribution (the “Special Distribution”) of class A subordinate voting shares (“BIPC Shares”) of Brookfield Infrastructure Corporation (“BIPC”) to the holders of limited partnership units of the BIP Partnership (“Units”) to be completed on the date hereof;
AND WHEREAS,the BIPC Shares will be structured with the intention of providing holders with an economic return equivalent to the Units, including identical distributions, and be exchangeable for Units on aone-for-one basis (subject to adjustment) (or for the cash equivalent, at the election of BIPC) in accordance with the terms of the BIPC Shares;
ANDWHEREAS, the parties desire to amend the Agreement in connection with the Special Distribution to reflect the addition of BIPC as a Service Recipient and make certain other amendments to the terms and conditions of the Agreement as set out herein;
NOW THEREFORE,
1. | Amendments to Article 1 |
Section 1.1 is hereby amended by adding the following definitions:
| 1.1.13.1 | “BIPC” has the meaning assigned thereto in the recitals; |
| 1.1.21 | “Class A Shares” means Class A shares of BIPC; |
| 1.1.53.1 | “Rights Agreement” has the meaning assigned thereto in Section 7.6.3; |
Section 1.1.60 is hereby deleted in its entirety and replaced with the following:
“Service Recipient” means the BIP Partnership, the Infrastructure Partnership, CanHoldco, US Holdco, BIP Bermuda I, BIPC and, at the option of the BIP Partnership, any entity in which any of the foregoing or any combination of the foregoing holds, directly or indirectly, all of the common equity or equivalent interests, excluding, for greater certainty, any Operating Entities;