<SEC-DOCUMENT>0001104659-20-106779.txt : 20200921
<SEC-HEADER>0001104659-20-106779.hdr.sgml : 20200921
<ACCEPTANCE-DATETIME>20200921083439
ACCESSION NUMBER:		0001104659-20-106779
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20200921
FILED AS OF DATE:		20200921
DATE AS OF CHANGE:		20200921

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Brookfield Infrastructure Partners L.P.
		CENTRAL INDEX KEY:			0001406234
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33632
		FILM NUMBER:		201185269

	BUSINESS ADDRESS:	
		STREET 1:		73 FRONT STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM12
		BUSINESS PHONE:		441 296-4480

	MAIL ADDRESS:	
		STREET 1:		73 FRONT STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM12
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2022703d4_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF
1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of September&nbsp;2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number: 001-33632</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">73 Front Street, Hamilton, HM 12 Bermuda</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will
file annual reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Form&nbsp;20-F <FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F
<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the
Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(1): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the
Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(7): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information contained in Exhibits 1.1, 3.1, 3.2, 4.1, 5.1,
and 8.1 of this Form&nbsp;6-K is incorporated by reference into the registrant&rsquo;s registration statement on <A HREF="https://www.sec.gov/Archives/edgar/data/1406234/000110465919037020/a19-11825_1f3asr.htm" STYLE="-sec-extract: exhibit">Form&nbsp;F-3 (File No.&nbsp;333-232256)</A>. The information contained in Exhibits 3.1 and 3.2 is also incorporated by reference into the registrant&rsquo;s
registration statement on <A HREF="https://www.sec.gov/Archives/edgar/data/1406234/000119312519321033/d841720df3.htm" STYLE="-sec-extract: exhibit">Form&nbsp;F-3 (File No.&nbsp;333-235653)</A>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DOCUMENTS FILED AS PART&nbsp;OF THIS
FORM&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">See the Exhibit&nbsp;List to this Form&nbsp;6-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">******</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.75in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Date: September&nbsp;21, 2020</TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left">BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">By its general partner, Brookfield Infrastructure Partners Limited</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; width: 45%">/s/ Jane Sheere</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Jane Sheere</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Secretary</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXHIBIT&nbsp;INDEX</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; font-size: 10pt; font-weight: bold; vertical-align: bottom">EXHIBIT</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold">DESCRIPTION</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; width: 8%; font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex1-1.htm" STYLE="-sec-extract: exhibit">1.1</A></TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 90%; font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex1-1.htm" STYLE="-sec-extract: exhibit">Underwriting Agreement, dated September&nbsp;14, 2020, among the underwriters named therein and Brookfield Infrastructure Partners L.P.</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex3-1.htm" STYLE="-sec-extract: exhibit">3.1</A></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex3-1.htm" STYLE="-sec-extract: exhibit">Third Amendment, dated September&nbsp;21, 2020, to the Amended and Restated Limited Partnership Agreement of Brookfield Infrastructure Partners L.P., dated February&nbsp;16, 2018.</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex3-2.htm" STYLE="-sec-extract: exhibit">3.2</A></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex3-2.htm" STYLE="-sec-extract: exhibit">Fifth Amendment, dated September&nbsp;21, 2020, to the Amended and Restated Limited Partnership Agreement of Brookfield Infrastructure L.P., dated February&nbsp;16, 2018.</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex4-1.htm" STYLE="-sec-extract: exhibit">4.1</A></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex4-1.htm" STYLE="-sec-extract: exhibit">Form&nbsp;of 5.125% Class&nbsp;A Preferred Limited Partnership Units, Series&nbsp;13 Certificate.</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex5-1.htm" STYLE="-sec-extract: exhibit">5.1</A></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex5-1.htm" STYLE="-sec-extract: exhibit">Opinion of Appleby (Bermuda) Limited, dated September&nbsp;21, 2020, relating to certain matters under the laws of Bermuda.</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex8-1.htm" STYLE="-sec-extract: exhibit">8.1</A></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex8-1.htm" STYLE="-sec-extract: exhibit">Opinion of Torys LLP, dated September&nbsp;21, 2020, relating to tax matters.</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex5-1.htm" STYLE="-sec-extract: exhibit">23.1</A></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex5-1.htm" STYLE="-sec-extract: exhibit">Consent of Appleby (Bermuda) Limited (included as part of Exhibit&nbsp;5.1).</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex8-1.htm" STYLE="-sec-extract: exhibit">23.2</A></TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left"><A HREF="tm2022703d4_ex8-1.htm" STYLE="-sec-extract: exhibit">Consent of Torys LLP (included as part of Exhibit&nbsp;8.1).</A></TD></TR>
</TABLE>

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<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>tm2022703d4_ex1-1.htm
<DESCRIPTION>EXHIBIT 1.1
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 1.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>UNDERWRITING AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="background-color: lightgrey"><B></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">September&nbsp;14, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brookfield Infrastructure Partners L.P.<BR>
73 Front Street<BR>
Hamilton, HM 12</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Bermuda</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Sirs/Mesdames:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Re:</B></FONT><B>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Issue
of 8,000,000 5.125% Class&nbsp;A Preferred Limited Partnership Units, Series&nbsp;13</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Morgan Stanley&nbsp;&amp; Co. LLC (&ldquo;<B>MS</B>&rdquo;),
BofA Securities,&nbsp;Inc. (&ldquo;<B>BofA</B>&rdquo;), J.P. Morgan Securities LLC (&ldquo;<B>JPM</B>&rdquo;), RBC Capital Markets,
LLC (&ldquo;<B>RBC</B>&rdquo;), Wells Fargo Securities, LLC (&ldquo;<B>Wells</B>&rdquo; and, together with MS, BofA, JPM and RBC,
the &ldquo;<B>Representatives</B>&rdquo;) and TD Securities (USA) LLC (each of the foregoing, an &ldquo;<B>Underwriter</B>&rdquo;,
and, collectively the &ldquo;<B>Underwriters</B>&rdquo;) understand that Brookfield Infrastructure Partners&nbsp;L.P. (&ldquo;<B>BIP</B>&rdquo;)
proposes to issue 8,000,000 5.125% Class&nbsp;A Preferred Limited Partnership Units, Series&nbsp;13, representing preferred limited
partner interests in BIP with a liquidation preference of $25.00 per unit (the &ldquo;<B>Units</B>&rdquo;) through the Underwriters
(the &ldquo;<B>Offering</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Subject to the terms and conditions set
forth in this Agreement, the Underwriters severally and not jointly offer to purchase the respective number of Units set forth
opposite such Underwriter&rsquo;s name in Section&nbsp;19.1 at a purchase price of $24.2125 per Unit sold to retail investors and
$24.50 per Unit sold to institutional investors (the &ldquo;<B>Offering Price</B>&rdquo;), for an aggregate purchase price of $195,402,000
(the &ldquo;<B>Purchase Price</B>&rdquo;), and by its acceptance of this offer BIP agrees to issue and sell the Units to the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Payment of the Purchase Price by the Underwriters
will be made at the Closing Time (as defined herein) at the offices of Torys LLP in New York City against delivery by BIP of the
Units. All dollar amounts referred to herein are expressed in United States dollars and &ldquo;$&rdquo; shall mean United States
dollars, except where otherwise indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Units are to be issued pursuant to
a third amendment (the &ldquo;<B>BIP LPA Amendment</B>&rdquo;) to be dated as of the Closing Date (as defined herein), to the Amended
and Restated Limited Partnership Agreement of BIP by and among Brookfield Infrastructure Partners Limited, an exempted company
existing under the laws of Bermuda (the &ldquo;<B>General Partner</B>&rdquo;), and the limited partners party thereto, dated February&nbsp;16,
2018, as amended on September&nbsp;12, 2018 and February&nbsp;27, 2020 (as further amended by the BIP LPA Amendment, the &ldquo;<B>Amended
BIP LPA</B>&rdquo;). In connection with the issuance of the Units, BIP intends to contribute the net proceeds from the sale of
the Units to Brookfield Infrastructure L.P., a Bermuda exempted limited partnership (&ldquo;<B>BILP</B>&rdquo;). In consideration
of BIP&rsquo;s contribution, BILP will issue to BIP a new series of Class&nbsp;A preferred limited partnership units of BILP with
economic terms designed to mirror those of the Units (the &ldquo;<B>Mirror Units</B>&rdquo;) pursuant to an amendment, to be dated
as of the Closing Date (the &ldquo;<B>BILP LPA Amendment</B>&rdquo;) to BILP&rsquo;s Amended and Restated Limited Partnership Agreement,
dated February&nbsp;16, 2018, as amended on September&nbsp;12, 2018, August&nbsp;1, 2019, February&nbsp;27, 2020 and March&nbsp;31,
2020 (as further amended by the BILP LPA Amendment, the &ldquo;<B>Amended BILP LPA</B>&rdquo;). The Amended BIP LPA and Amended
BILP LPA are together referred to hereinafter as the &ldquo;<B>Transaction Documents</B>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following are the terms and conditions
of the agreement between BIP and the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>1</B></TD><TD><B>Definitions</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.1</TD><TD STYLE="text-align: justify">Unless otherwise defined in this Agreement, the following terms shall have the following meanings,
respectively:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">&ldquo;<B>this Agreement</B>&rdquo;, &ldquo;<B>hereto</B>&rdquo;, &ldquo;<B>herein</B>&rdquo;,
 &ldquo;<B>hereunder</B>&rdquo;, &ldquo;<B>hereof</B>&rdquo; and similar expressions refer to the agreement resulting from the acceptance
by BIP of this offer and not to any particular section or other portion of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">&ldquo;<B>affiliate</B>&rdquo; has the meaning set forth in Rule&nbsp;405 under the Securities
Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">&ldquo;<B>Agreements and Instruments</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(i)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">&ldquo;<B>Amended BILP LPA</B>&rdquo; has the meaning ascribed thereto in the fourth paragraph
of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">&ldquo;<B>Amended BIP LPA</B>&rdquo; has the meaning ascribed thereto in the fourth paragraph of
this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">&ldquo;<B>Applicable Securities Laws</B>&rdquo; means the Canadian Securities Laws and the Securities
Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">&ldquo;<B>Applicable Time</B>&rdquo; means 1:45 p.m.&nbsp;on the date hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">&ldquo;<B>Audit Committee</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(t)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">&ldquo;<B>Base Prospectus</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(ee)
hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify">&ldquo;<B>BHC Act Affiliate</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;22;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: justify">&ldquo;<B>BILP</B>&rdquo; has the meaning ascribed thereto in the fourth paragraph of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: justify">&ldquo;<B>BIP</B>&rdquo; has the meaning ascribed thereto in the first paragraph of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD STYLE="text-align: justify">&ldquo;<B>BIP Entities</B>&rdquo; means the entities listed on Schedule B to this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD STYLE="text-align: justify">&ldquo;<B>BILP LPA Amendment</B>&rdquo; has the meaning ascribed thereto in the fourth paragraph
of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(o)</TD><TD STYLE="text-align: justify">&ldquo;<B>BIP LPA Amendment</B>&rdquo; has the meaning ascribed thereto in the fourth paragraph
of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(p)</TD><TD STYLE="text-align: justify">&ldquo;<B>business day</B>&rdquo; means a day other than a Saturday, a Sunday or a statutory holiday
in New York, New York or the City of Toronto, Ontario;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(q)</TD><TD STYLE="text-align: justify">&ldquo;<B>Canadian Securities Laws</B>&rdquo; means the securities acts or similar statutes of
the Qualifying Jurisdictions and all regulations, rules, policy statements, notices and blanket orders or rulings thereunder applicable
to BIP;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(r)</TD><TD STYLE="text-align: justify">&ldquo;<B>Closing Date</B>&rdquo; means September&nbsp;21, 2020 or such earlier or later date,
as the Underwriters and BIP may agree upon in writing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(s)</TD><TD STYLE="text-align: justify">&ldquo;<B>Closing Time</B>&rdquo; means 9:00 a.m.&nbsp;(New York City time) on the Closing Date,
or such other time on the Closing Date as the Underwriters and BIP may agree upon in writing;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(t)</TD><TD STYLE="text-align: justify">&ldquo;<B>Covered Entity</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;22;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(u)</TD><TD STYLE="text-align: justify">&ldquo;<B>Default Right</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;22;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">&ldquo;<B>Disclosure Package</B>&rdquo; means the Base Prospectus, as amended and supplemented
by the Preliminary Prospectus dated September&nbsp;14, 2020, the other information, if any, stated in Schedule A to this Agreement
and each &ldquo;free-writing prospectus&rdquo; (as defined pursuant to Rule&nbsp;405 under the Securities Act) listed on Schedule
A hereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(w)</TD><TD STYLE="text-align: justify">&ldquo;<B>Environmental Laws</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(p)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: justify">&ldquo;<B>Exchange Act</B>&rdquo; means the <I>U.S. Securities Exchange Act of 1934</I>, as amended,
and the rules&nbsp;and regulations promulgated thereunder;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(y)</TD><TD STYLE="text-align: justify">&ldquo;<B>Exchanges</B>&rdquo; means the TSX and the NYSE;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(z)</TD><TD STYLE="text-align: justify">&ldquo;<B>General Partner</B>&rdquo; has the meaning ascribed thereto in the fourth paragraph of
this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(aa)</TD><TD STYLE="text-align: justify">&ldquo;<B>Governmental Licenses</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(n)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(bb)</TD><TD STYLE="text-align: justify">&ldquo;<B>Hazardous Materials</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(p)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(cc)</TD><TD STYLE="text-align: justify">&ldquo;<B>IFRS</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(c)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(dd)</TD><TD STYLE="text-align: justify">&ldquo;<B>Indemnified BIP Parties</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;17.3
hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ee)</TD><TD STYLE="text-align: justify">&ldquo;<B>Indemnified Parties</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;17.3
hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ff)</TD><TD STYLE="text-align: justify">&ldquo;<B>Indemnified Underwriter Parties</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;17.1
hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(gg)</TD><TD STYLE="text-align: justify">&ldquo;<B>Indemnifying Party</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;17.5 hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(hh)</TD><TD STYLE="text-align: justify">&ldquo;<B>Issuer Free Writing Prospectus</B>&rdquo; means any &ldquo;issuer free writing prospectus&rdquo;,
as defined in Rule&nbsp;433 under the Securities Act, relating to the Units, in the form filed or required to be filed with the
SEC or, if not required to be filed, in the form retained in BIP&rsquo;s records pursuant to Rule&nbsp;433(g)&nbsp;under the Securities
Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">&ldquo;<B>IT Systems</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(qq) hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(jj)</TD><TD STYLE="text-align: justify">&ldquo;<B>LP Units</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;16.1 hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(kk)</TD><TD STYLE="text-align: justify">&ldquo;<B>material</B>&rdquo; or &ldquo;<B>materially</B>&rdquo;, when used in relation to BIP
or the BIP Entities, means material in relation to the BIP Entities on a consolidated basis;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ll)</TD><TD STYLE="text-align: justify">&ldquo;<B>Material Adverse Effect</B>&rdquo; shall have the meaning ascribed thereto in Section&nbsp;11.1(d)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(mm)</TD><TD STYLE="text-align: justify">&ldquo;<B>Mirror Units</B>&rdquo; has the meaning ascribed thereto in the fourth paragraph of this
Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(nn)</TD><TD STYLE="text-align: justify">&ldquo;<B>NYSE</B>&rdquo; means the New York Stock Exchange;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(oo)</TD><TD STYLE="text-align: justify">&ldquo;<B>NYSE Rules</B>&rdquo; means the rules&nbsp;of the NYSE;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(pp)</TD><TD STYLE="text-align: justify">&ldquo;<B>OFAC</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(w)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(qq)</TD><TD STYLE="text-align: justify">&ldquo;<B>Offering</B>&rdquo; has the meaning ascribed thereto in the first paragraph of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(rr)</TD><TD STYLE="text-align: justify">&ldquo;<B>Offering Price</B>&rdquo; has the meaning ascribed thereto in the second paragraph of
this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ss)</TD><TD STYLE="text-align: justify">&ldquo;<B>Personal Data</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(qq) hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(tt)</TD><TD STYLE="text-align: justify">&ldquo;<B>PFIC</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(vv) hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(uu)</TD><TD STYLE="text-align: justify">&ldquo;<B>Preferred Units</B>&rdquo; means the preferred limited partnership units of BIP;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(vv)</TD><TD STYLE="text-align: justify">&ldquo;<B>Preliminary Prospectus</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(ee)
hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ww)</TD><TD STYLE="text-align: justify">&ldquo;<B>Prospectus</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(ee) hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(xx)</TD><TD STYLE="text-align: justify">&ldquo;<B>Prospectus Delivery Period</B>&rdquo; means such period of time after the first date
of the public offering of the Units, as in the opinion of counsel for the Underwriters a prospectus relating to such Units is required
by law to be delivered (or required to be delivered but for Rule&nbsp;172 under the Securities Act) in connection with sales of
such Units, by any Underwriter or dealer;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(yy)</TD><TD STYLE="text-align: justify">&ldquo;<B>Purchase Price</B>&rdquo; has the meaning ascribed thereto in the second paragraph of
this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(zz)</TD><TD STYLE="text-align: justify">&ldquo;<B>Qualifying Jurisdictions</B>&rdquo; means each of the provinces and territories of Canada;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(aaa)</TD><TD STYLE="text-align: justify">&ldquo;<B>registration rights</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(mm)
hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(bbb)</TD><TD STYLE="text-align: justify">&ldquo;<B>Registration Statement</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(ee)
hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ccc)</TD><TD STYLE="text-align: justify">&ldquo;<B>Repayment Event</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(i)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ddd)</TD><TD STYLE="text-align: justify">&ldquo;<B>Representatives</B>&rdquo; has the meaning ascribed thereto in the first paragraph of
this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(eee)</TD><TD STYLE="text-align: justify">&ldquo;<B>Rules&nbsp;and Regulations</B>&rdquo; means the rules&nbsp;and regulations of the SEC;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(fff)</TD><TD STYLE="text-align: justify">&ldquo;<B>Sanctioned Country</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(w)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ggg)</TD><TD STYLE="text-align: justify">&ldquo;<B>Sanctions</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;11.1(w)&nbsp;hereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(hhh)</TD><TD STYLE="text-align: justify">&ldquo;<B>SEC</B>&rdquo; means the U.S. Securities and Exchange Commission;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">&ldquo;<B>Securities Act</B>&rdquo; means the <I>U.S. Securities Act of 1933</I>, as amended, and
the rules&nbsp;and regulations promulgated thereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(jjj)</TD><TD STYLE="text-align: justify">&ldquo;<B>Securities Commissions</B>&rdquo; means the securities commission or other securities
regulatory authority in each of the Qualifying Jurisdictions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(kkk)</TD><TD STYLE="text-align: justify">&ldquo;<B>Securities Laws</B>&rdquo; means, collectively, the <I>Sarbanes-Oxley Act of 2002</I>,
as amended, and the rules&nbsp;and regulations promulgated thereunder (&ldquo;<B>Sarbanes-Oxley</B>&rdquo;), the Securities Act,
the Exchange Act, the Rules&nbsp;and Regulations, the auditing principles, rules, standards and practices applicable to auditors
of &ldquo;issuers&rdquo; (as defined in Sarbanes-Oxley) promulgated or approved by the Public Company Accounting Oversight Board
and, as applicable, the NYSE Rules;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(lll)</TD><TD STYLE="text-align: justify">&ldquo;<B>Special Resolution Regime</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;22;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(mmm)</TD><TD STYLE="text-align: justify">&ldquo;<B>Subsequent Disclosure Documents</B>&rdquo; means any filings with the SEC after the date
of this Agreement which are incorporated by reference into the Registration Statement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(nnn)</TD><TD STYLE="text-align: justify">&ldquo;<B>subsidiary</B>&rdquo; has the meaning set forth in Rule&nbsp;405 under the Securities
Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ooo)</TD><TD STYLE="text-align: justify">&ldquo;<B>TSX&rdquo; </B>means the Toronto Stock Exchange;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ppp)</TD><TD STYLE="text-align: justify">&ldquo;<B>Underwriters</B>&rdquo; has the meaning ascribed thereto in the first paragraph of this
Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(qqq)</TD><TD STYLE="text-align: justify">&ldquo;<B>Underwriting Discounts and Commissions</B>&rdquo; means $4,598,000;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(rrr)</TD><TD STYLE="text-align: justify">&ldquo;<B>Underwriting Information</B>&rdquo; has the meaning ascribed thereto in Section&nbsp;17.3
hereof; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(sss)</TD><TD STYLE="text-align: justify">&ldquo;<B>Units</B>&rdquo; has the meaning ascribed thereto in the first paragraph of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Other terms which are defined elsewhere
in this Agreement have the meanings so ascribed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>2</B></TD><TD><B>[Reserved]</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>3</B></TD><TD><B>Filing of Prospectuses</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.1</TD><TD STYLE="text-align: justify">BIP shall:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">file the Prospectus with the SEC within the time periods specified by Rule&nbsp;424(b)&nbsp;and
Rule&nbsp;430A, 430B or 430C under the Securities Act; file any Issuer Free Writing Prospectus to the extent required by Rule&nbsp;433
under the Securities Act; file promptly all reports and any other information required to be filed by BIP with the SEC pursuant
to Sections 13(a), 13(c), 14 or 15(d)&nbsp;of the Exchange Act subsequent to the date of the Prospectus and for so long as the
delivery of a prospectus is required in connection with the offer or sale of the Units;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">pay the SEC registration fee for this Offering within the time period required by Rule&nbsp;456(b)(1)&nbsp;under
the Securities Act and in any event prior to the Closing Date; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">qualify the Units for offer and sale under the securities or Blue Sky laws of such jurisdictions
as the Representatives shall reasonably request and will continue such qualifications in effect so long as required for distribution
of the Units; <U>provided</U> that BIP shall not be required to (i)&nbsp;qualify as a foreign corporation or other entity or as
a dealer in securities in any such jurisdiction where it would not otherwise be required to so qualify, (ii)&nbsp;file any general
consent to service of process in any such jurisdiction or (iii)&nbsp;subject itself to taxation in any such jurisdiction if it
is not otherwise so subject.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>4</B></TD><TD><B>[reserved]</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>5</B></TD><TD><B>[reserved]</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>6</B></TD><TD><B>Delivery of Prospectuses and Related Documents</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.1</TD><TD STYLE="text-align: justify">Except as provided in Section&nbsp;6.1(a)&nbsp;hereof, BIP shall deliver to the Underwriters&rsquo;
counsel prior to or contemporaneously, as nearly as practicable, with the execution of this Agreement a copy of the following for
each of the Underwriters and Underwriters&rsquo; counsel:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">any Preliminary Prospectus, the Prospectus and each Issuer Free Writing Prospectus as filed with
the SEC (to the extent not previously delivered) to the Underwriters in New York City on the business day next succeeding the date
of this Agreement in such quantities as the Representatives may reasonably request; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">a &ldquo;comfort letter&rdquo; from Deloitte LLP dated as of the date hereof (with the requisite
procedures to be completed by such auditors within two business days of the date hereof), addressed to the directors of the General
Partner and to the Underwriters, in form and substance acceptable to the Underwriters, acting reasonably, with respect to the financial
statements and certain financial or statistical information relating to BIP contained or incorporated by reference in the Registration
Statement, the Disclosure Package and the Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.2</TD><TD STYLE="text-align: justify">The delivery by BIP to the Underwriters of the Disclosure Package and the Prospectus shall constitute
a representation and warranty to the Underwriters by BIP that the Disclosure Package or the Prospectus, as applicable, except with
respect to any Underwriting Information (as defined herein), does 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, in the light of the circumstances
under which they were made, not misleading. Such delivery shall also constitute the consent of BIP to the use of the Disclosure
Package and the Prospectus by the Underwriters in connection with the distribution of the Units.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.3</TD><TD STYLE="text-align: justify">Before preparing, using, authorizing, approving, referring to or filing any Issuer Free Writing
Prospectus, and before filing any amendment or supplement to the Registration Statement, the Disclosure Package or the Prospectus,
BIP will furnish to the Representatives and counsel for the Underwriters a copy of the proposed Issuer Free Writing Prospectus,
amendment or supplement for review and will not prepare, use, authorize, approve, refer to or file any such Issuer Free Writing
Prospectus or file any such proposed amendment or supplement to which the Representatives reasonably object.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.4</TD><TD STYLE="text-align: justify">BIP will, pursuant to reasonable procedures developed in good faith, retain copies of each Issuer
Free Writing Prospectus that is not filed with the SEC in accordance with Rule&nbsp;433 under the Securities Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.5</TD><TD STYLE="text-align: justify">BIP will make generally available to its security holders as soon as reasonably practicable an
earnings statement that satisfies the provisions of Section&nbsp;11(a)&nbsp;of the Securities Act and Rule&nbsp;158 under the Securities
Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>7</B></TD><TD><B>Commercial Copies of Prospectuses</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.1</TD><TD STYLE="text-align: justify">BIP shall deliver to the Underwriters, as soon as practicable and in any event within two business
days of the date of filing the Prospectus with the SEC, the number of commercial copies of the Prospectus reasonably specified
by the Underwriters in writing.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.2</TD><TD STYLE="text-align: justify">During the Prospectus Delivery Period, BIP shall deliver, without charge, as many copies of the
Prospectus (including all amendments and supplements thereto) and each Issuer Free Writing Prospectus as the Representatives may
reasonably request.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>8</B></TD><TD><B>Distribution of Units</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.1</FONT></TD><TD STYLE="text-align: justify">The Underwriters shall offer the Units for sale to the public directly and through banking and
selling group members only as permitted by and in compliance with Securities Laws upon the terms and conditions set forth in the
Disclosure Package, the Prospectus and in this Agreement. Without the prior consent of BIP, the Underwriters will not solicit offers
to purchase or sell the Units so as to require registration of the Units or filing of a prospectus, registration statement or other
notice or document with respect to the distribution of the Units under the laws of any jurisdiction other than the United States,
or which could subject BIP to reporting obligations in any such jurisdiction or result in the listing of the securities of BIP
on any exchange other than an exchange where such securities are listed as of the date hereof and will require each banking and
selling group member to agree with the Underwriters not to so solicit or sell. An Underwriter will not be liable to BIP under this
Section&nbsp;with respect to a default by another Underwriter or any banking and selling group member appointed by another Underwriter
under this Section.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.2</TD><TD STYLE="text-align: justify">The Underwriters propose to offer the Units, initially at the Offering Price. After a reasonable
effort has been made to sell all of the Units at the Offering Price, the Underwriters may subsequently reduce and thereafter change,
from time to time, the price at which the Units are offered; <I>provided</I> that such decrease in the Offering Price will not
decrease the amount of the net proceeds of the Offering to BIP.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>9</B></TD><TD><B>Material Change</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.1</TD><TD STYLE="text-align: justify">During the Prospectus Delivery Period, BIP shall promptly notify the Underwriters in writing, with
full particulars, of:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">any change (actual, contemplated or threatened) in the business, affairs, operations, assets, liabilities
(contingent or otherwise), capital or ownership of BIP on a consolidated basis (other than a change disclosed in the Disclosure
Package or the Prospectus); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">any change in any matter covered by a statement contained or incorporated by reference in the Disclosure
Package, the Prospectus or any Subsequent Disclosure Document or an amendment to the Disclosure Package or the Prospectus; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">any material fact that arises or has been discovered that would have been required to be stated
in the Disclosure Package, the Prospectus or any Subsequent Disclosure Document or any amendment to the Disclosure Package and
the Prospectus had that fact arisen or been discovered on or prior to the date of the Prospectus or any Subsequent Disclosure Document
or any amendment to the Disclosure Package or the Prospectus, as the case may be,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">which change or fact is, or may
be, of such a nature as to render the Disclosure Package, the Prospectus or any Subsequent Disclosure Document or any amendment
to the Disclosure Package or the Prospectus misleading or untrue in any material respect or which would result in any of such documents
not complying in any material respect with any of the Securities Laws or which would result in any of such documents containing
any untrue statement of a material fact or omitting to state any material fact required to be stated therein or necessary to make
the statements therein not misleading or which change would reasonably be expected to have a significant effect on the market price
or value of the Units. BIP shall in good faith discuss with the Underwriters any change in circumstances (actual or proposed within
the knowledge of BIP) which is of such a nature that there is reasonable doubt whether notice need be given to the Underwriters
pursuant to this Section&nbsp;and, in any event, prior to making any filing referred to in Section&nbsp;9.4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.2</TD><TD STYLE="text-align: justify">BIP will advise the Representatives promptly, and confirm such advice in writing: (i)&nbsp;when
any amendment to the Registration Statement has been filed or becomes effective; (ii)&nbsp;when any supplement to the Prospectus
or any Issuer Free Writing Prospectus or any amendment to the Prospectus has been filed; (iii)&nbsp;of any request by the SEC for
any amendment to the Registration Statement or any amendment or supplement to the Prospectus or the receipt of any comments from
the SEC relating to the Registration Statement or any other request by the SEC for any additional information; (iv)&nbsp;of the
issuance by the SEC of any order suspending the effectiveness of the Registration Statement or preventing or suspending the use
of any Preliminary Prospectus, any of the Disclosure Package or the Prospectus or the initiation or threatening of any proceeding
for that purpose or pursuant to Section&nbsp;8A of the Securities Act; (v)&nbsp;of the occurrence of any event within the Prospectus
Delivery Period as a result of which the Prospectus, the Disclosure Package or any Issuer Free Writing Prospectus as then amended
or supplemented would include any untrue statement of a material fact or omit to state a material fact necessary in order to make
the statements therein, in the light of the circumstances existing when the Prospectus, the Disclosure Package or any such Issuer
Free Writing Prospectus is delivered to a purchaser, not misleading; (vi)&nbsp;of the receipt by BIP of any notice of objection
of the SEC to the use of the Registration Statement or any post-effective amendment thereto pursuant to Rule&nbsp;401(g)(2)&nbsp;under
the Securities Act; and (vii)&nbsp;of the receipt by BIP of any notice with respect to any suspension of the qualification of the
Units for offer and sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and BIP will
use its commercially reasonable efforts to prevent the issuance of any such order suspending the effectiveness of the Registration
Statement, preventing or suspending the use of any Preliminary Prospectus, any of the Disclosure Package or the Prospectus or suspending
any such qualification of the Units and, if any such order is issued, will obtain as soon as possible the withdrawal thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.3</TD><TD STYLE="text-align: justify">If during the Prospectus Delivery Period (i)&nbsp;any event shall occur or condition shall exist
as a result of which the Prospectus as then amended or supplemented would include any untrue statement of a material fact or omit
to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the
Prospectus is delivered to a purchaser, not misleading or (ii)&nbsp;it is necessary to amend or supplement the Prospectus to comply
with Securities Laws, BIP will promptly notify the Underwriters thereof and forthwith prepare and, subject to Section&nbsp;6.3,
file with the SEC and furnish to the Underwriters and to such dealers as the Representatives may designate, such amendments or
supplements to the Prospectus as may be necessary so that the statements in the Prospectus as so amended or supplemented will not,
in the light of the circumstances existing when the Prospectus is delivered to a purchaser, be misleading or so that the Prospectus
will comply with law. If at any time prior to the Closing Date (i)&nbsp;any event shall occur or condition shall exist as a result
of which the Disclosure Package as then amended or supplemented would include any untrue statement of a material fact or omit to
state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the
Disclosure Package is delivered to a purchaser, not misleading or (ii)&nbsp;it is necessary to amend or supplement the Disclosure
Package to comply with Securities Laws, BIP will promptly notify the Underwriters thereof and forthwith prepare and, subject to
Section&nbsp;6.3 above, file with the SEC (to the extent required) and furnish to the Underwriters and to such dealers as the Representatives
may designate, such amendments or supplements to the Disclosure Package as may be necessary so that the statements in the Disclosure
Package as so amended or supplemented will not, in the light of the circumstances existing when the Disclosure Package is delivered
to a purchaser, be misleading or so that the Disclosure Package will comply with Securities Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.4</TD><TD STYLE="text-align: justify">BIP shall promptly comply with all applicable filing and other requirements, if any, under the
Securities Laws arising as a result of any change referred to in Section&nbsp;9.1 and shall prepare and file under all Securities
Laws, with all possible dispatch, and in any event within any time limit prescribed under Securities Laws, any Subsequent Disclosure
Document or any amendment to the Disclosure Package or the Prospectus as may be required under Securities Laws during the Prospectus
Delivery Period. BIP shall further promptly deliver to the Underwriters a copy for each of the Underwriters and the Underwriters&rsquo;
counsel of opinions and comfort letters with respect to each such amendment to the Disclosure Package, the Prospectus and any Subsequent
Disclosure Document substantially similar to those referred to in Section&nbsp;6.1.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.5</TD><TD STYLE="text-align: justify">The delivery by BIP to the Underwriters of any Subsequent Disclosure Document or any amendment
to the Disclosure Package or the Prospectus shall constitute a representation and warranty to the Underwriters by BIP, with respect
to such Subsequent Disclosure Document or the Disclosure Package or the Prospectus, as so amended by such amendment, and by each
Subsequent Disclosure Document and each amendment to the Disclosure Package and the Prospectus previously delivered to the Underwriters,
to the same effect as set forth in Section&nbsp;6.2. Such delivery shall also constitute the consent of BIP to the use of the Disclosure
Package and the Prospectus, as amended or supplemented by any such document, by the Underwriters in connection with the distribution
of the Units in the United States.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>10</B></TD><TD><B>Closing</B></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.1</TD><TD STYLE="text-align: justify">At the Closing Time, BIP shall deliver to MS, on behalf of the Underwriters, the aggregate number
of Units agreed to be purchased by the Underwriters pursuant to this Agreement in the form of an electronic deposit pursuant to
the non-certificated issue system maintained by The Depositary Trust Company, to the instant deposit number as directed in writing
by MS, against payment by the Underwriters to BIP of the Purchase Price by wire transfer pursuant to instructions provided by BIP
to MS not less than 48 hours prior to the Closing Date.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>11</B></TD><TD><B>Representations, Warranties and Covenants of BIP</B></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">11.1</TD><TD STYLE="text-align: justify">BIP represents, warrants and covenants to the Underwriters that:</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify"><U>Compliance with Canadian Securities Laws</U>. BIP is a reporting issuer in each of the Qualifying
Jurisdictions, is not in default under the Canadian Securities Laws, and is in compliance in all material respects with its timely
disclosure obligations under Canadian Securities Laws and the requirements of the TSX. No order, ruling or determination having
the effect of suspending the sale or ceasing the trading of any securities of BIP has been issued or made by any Securities Commission
and no proceedings for that purpose have been instituted or are pending or, to BIP&rsquo;s knowledge, are contemplated by any such
authority. Any request on the part of the Securities Commissions for additional information in connection with the Offering has
been complied with in all material respects.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify"><U>Independent Accountants</U>. Deloitte LLP, who has audited the annual financial statements of
BIP included and incorporated by reference in the Registration Statement, the Disclosure Package and the Prospectus, are independent
registered chartered professional accountants, as required by the Securities Act and the Rules&nbsp;and Regulations.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify"><U>Financial Statements</U>. The financial statements of BIP included or incorporated by reference
in the Disclosure Package and the Prospectus, together with the related schedules, if any, and notes, present fairly the assets
and liabilities, financial position, results of operations and cash flows at the dates and for the periods indicated and the related
statements of operations, other comprehensive income, accumulated other comprehensive income, partnership capital and cash flows
for the periods specified. Said financial statements have been prepared in conformity with International Financial Reporting Standards
(&ldquo;<B>IFRS</B>&rdquo;) as issued by the International Accounting Standards Board applied on a consistent basis throughout
the periods involved. The supporting schedules, if any, present fairly in accordance with IFRS the information required to be stated
therein. The selected consolidated financial data, the summary consolidated financial data and all operating data included or incorporated
by reference in the Disclosure Package and the Prospectus, or otherwise deemed to be a part thereof or included therein, present
fairly the information shown therein and the selected consolidated financial data and the summary consolidated financial data have
been compiled on a basis consistent with that of the audited consolidated financial statements included or incorporated by reference
in the Disclosure Package and the Prospectus. There have been no changes in the assets or liabilities of BIP from the position
thereof as set forth in the consolidated financial statements included or incorporated by reference in the Disclosure Package and
the Prospectus, or otherwise deemed to be a part thereof or included therein, except changes arising from transactions in the ordinary
course of business which, in the aggregate, have not been material to BIP and except for changes that are disclosed in the Disclosure
Package and the Prospectus.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify"><U>No Material Adverse Change in Business</U>. Except as disclosed in the Disclosure Package and
the Prospectus, since the date of the most recent audited financial statements of BIP incorporated by reference in the Registration
Statement, the Disclosure Package and the Prospectus or any Subsequent Disclosure Documents, (A)&nbsp;there has been no change
and there is no prospective change that would have a material adverse effect on the condition (financial or otherwise), results
of operations or business of the BIP Entities, taken together as a single enterprise, whether or not arising in the ordinary course
of business (a &ldquo;<B>Material Adverse Effect</B>&rdquo;), (B)&nbsp;there have been no transactions entered into by the BIP
Entities other than those in the ordinary course of business, which are material with respect to the BIP Entities, taken together,
as a single enterprise, and (C)&nbsp; there has been no dividend or distribution of any kind declared (other than as publicly disclosed),
paid or made by BIP on any class or series of its securities.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify"><U>Good Standing of BIP</U>. Each of the BIP Entities is an entity validly existing as an entity
in good standing under the laws of the jurisdiction of its creation, has the power and authority to own, lease and operate its
properties and to conduct its business as described in the Disclosure Package and the Prospectus, and is duly qualified and is
in good standing in each jurisdiction in which such qualification is required, except where the failure to so qualify or register
would not result in a Material Adverse Effect. All of the issued and outstanding units in the capital of or other equity interests
in each BIP Entity have been duly authorized and validly issued and are fully paid and non-assessable, all of the issued and outstanding
units in the capital of or other equity interests in each subsidiary that is wholly-owned by a BIP Entity is owned by such BIP
Entity, in each case directly or through subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance,
claim or equity, except as disclosed in the Disclosure Package and the Prospectus. Each BIP Entity owns that percentage of the
outstanding units in the capital of or other equity interests in each subsidiary that is not wholly-owned as is set forth in the
Disclosure Package and the Prospectus, and all such units or other equity interests owned by each BIP Entity are owned directly
or through subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equity, except
as disclosed therein; none of the outstanding units in the capital of or other equity interests in each of the subsidiaries was
issued in violation of pre-emptive or other similar rights of any securityholder thereof.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify"><U>Capitalization; Distributions</U>. The authorized capital of BIP consists of an unlimited number
of limited partnership units, an unlimited number of Class&nbsp;A preferred limited partnership units and an unlimited number of
general partner units. As of September&nbsp;14, 2020, approximately 295,279,418 limited partnership units, 4,989,265 Class&nbsp;A
preferred limited partnership units, Series&nbsp;1, 4,989,262 Class&nbsp;A preferred limited partnership units, Series&nbsp;3,
9,986,588 Class&nbsp;A preferred limited partnership units, Series&nbsp;5, 11,979,750 Class&nbsp;A preferred limited partnership
units, Series&nbsp;7, 7,986,595 Class&nbsp;A Preferred Units, Series&nbsp;9, 9,936,190 Class&nbsp;A preferred limited partnership
units, Series&nbsp;11 and one general partner unit were issued and outstanding as fully-paid and non-assessable units of BIP. As
of the date hereof, there are no issued or outstanding Class&nbsp;A preferred limited partnership units, Series&nbsp;2, Class&nbsp;A
preferred limited partnership units, Series&nbsp;4, Class&nbsp;A preferred limited partnership units, Series&nbsp;6, Class&nbsp;A
preferred limited partnership units, Series&nbsp;8, Class&nbsp;A preferred limited partnership units, Series&nbsp;10 or Class&nbsp;A
preferred limited partnership units, Series&nbsp;12. All of the issued and outstanding limited partnership units, Class&nbsp;A
preferred limited partnership units and general partner units in the capital of BIP have been duly authorized and validly issued
and are fully-paid and non-assessable and have been issued in compliance with all applicable U.S. and Canadian laws (except where
the failure to do so would not have a Material Adverse Effect), and none of the outstanding limited partnership units, Class&nbsp;A
preferred limited partnership units or general partner units in the capital of BIP were issued in violation of the pre-emptive
or other similar rights of any securityholder of BIP. All distributions, including the distributions on all other securities of
BIP ranking prior to or on a parity with the Units with respect to the payment of distributions in respect of periods ending on
or prior to the date hereof have been declared and paid or set apart for payment.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify"><U>Authorization of Agreement</U>. BIP, acting by the General Partner, has the power and authority
to execute, deliver and perform its obligations under this Agreement and the Transaction Documents and this Agreement and each
of the Transaction Documents has been duly authorized, executed and delivered by BIP, acting by the General Partner.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify"><U>Authorization and Description of Securities</U>. The Units have been duly authorized for issuance
and sale to the Underwriters pursuant to this Agreement and, when issued and delivered by BIP pursuant to this Agreement against
payment of the consideration set forth herein, will be validly issued, fully paid and non-assessable; the Units conform to all
statements relating thereto contained in the Disclosure Package and the Prospectus and such description conforms to the rights
set forth in the instruments defining the same; no holder of the Units will be subject to personal liability solely by reason of
being such a holder; and the issuance of the Units is not subject to the pre-emptive or other similar rights of any securityholder
of BIP.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify"><U>Absence of Defaults and Conflicts</U>. None of the BIP Entities is in violation of its limited
partnership agreement, articles, charter or by laws or in default in the performance or observance of any obligation, agreement,
covenant or condition contained in any contract, indenture, mortgage, deed of trust, loan or credit agreement, note, lease, license
or other agreement or instrument to which any of the BIP Entities is a party or by which it or any of them may be bound, or to
which any of the BIP Entities or the property or assets of any of the BIP Entities is subject (collectively, &ldquo;<B>Agreements
and Instruments</B>&rdquo;), except for such defaults that would not result in a Material Adverse Effect. The execution, delivery
and performance of this Agreement and each of the Transaction Documents and the consummation of the transactions contemplated therein
and in the Disclosure Package and the Prospectus (including the authorization, issuance, sale and delivery of the Units and the
use of the proceeds from the sale of the Units as described in the Disclosure Package and the Prospectus under the caption &ldquo;Use
of Proceeds&rdquo;) and compliance by BIP with its obligations hereunder has been duly authorized by all necessary action and do
not and will not, whether with or without the giving of notice or passage of time or both, conflict with or constitute a breach
of, or default or Repayment Event (as defined below) under, or result in the creation or imposition of any lien, charge or encumbrance
upon any property or assets of any of the BIP Entities pursuant to, the Agreements and Instruments (except for such conflicts,
breaches, defaults or Repayment Events or liens, charges or encumbrances that would not result in a Material Adverse Effect), nor
will such action result in any violation of or conflict with the provisions of the limited partnership agreement, charter or by
laws of any of the BIP Entities, the resolutions of the general partner, unitholders, shareholders, directors or any committee
of directors of any of the BIP Entities or any applicable law, statute, rule, regulation, judgment, order, writ or decree of any
government, government instrumentality, court, domestic or foreign, or stock exchange having jurisdiction over any of the BIP Entities
or any of their assets, properties or operations (except for such violations or conflicts that would not result in a Material Adverse
Effect). As used herein, a &ldquo;<B>Repayment Event</B>&rdquo; means any event or condition which gives the holder of any note,
debenture or other evidence of indebtedness (or any person acting on such holder&rsquo;s behalf) the right to require the repurchase,
redemption or repayment of all or a portion of such indebtedness by any of the BIP Entities.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify"><U>Absence of Labor Dispute</U>. No labor dispute with the employees of any of the BIP Entities
exists or, to the knowledge of BIP, is imminent, and BIP is not aware of any existing or imminent labor disturbance by the employees
of any of the BIP Entities&rsquo; principal suppliers, manufacturers, customers or contractors, which, in either case, would result
in a Material Adverse Effect.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: justify"><U>Absence of Proceedings</U>. There is no action, suit, proceeding, inquiry or investigation before
or brought by any court or governmental agency, governmental instrumentality or body, domestic or foreign, now pending, or, to
the knowledge of BIP, threatened, against or affecting any of the BIP Entities, which is required to be disclosed in the Disclosure
Package and the Prospectus or the Subsequent Disclosure Documents, or which is reasonably likely to result in a Material Adverse
Effect, or which is reasonably likely to materially and adversely affect the properties or assets thereof or the consummation of
the transactions contemplated by this Agreement or the performance by BIP of its obligations hereunder; the aggregate of all pending
legal or governmental proceedings to which any of the BIP Entities is a party or of which any of their respective property or assets
is the subject which are not described in the Disclosure Package and the Prospectus or the Subsequent Disclosure Documents, including
ordinary routine litigation incidental to the business of any of the BIP Entities, are not reasonably likely to result in a Material
Adverse Effect.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: justify"><U>Absence of Contracts,&nbsp;etc</U>. There are no contracts or documents which are required to
be described in the Disclosure Package and the Prospectus which have not been so described.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD STYLE="text-align: justify"><U>Absence of Further Requirements</U>. No filing with, or authorization, approval, consent, license,
order, registration, qualification or decree of, any court or governmental authority or agency is necessary or required for the
performance by BIP of its obligations hereunder or the Transaction Documents, in connection with the offer, issuance or sale of
the Units hereunder or the consummation of the transactions contemplated by this Agreement or the Transaction Documents, except
such as have been obtained, or as may be required, under Applicable Securities Laws or Exchange regulations (including, in the
case of the listing of the Units, application to the NYSE, extraterritorial registrations (except where the failure to do so would
not have a Material Adverse Effect) and BIP fulfilling the requirements of the NYSE in connection therewith).</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD STYLE="text-align: justify"><U>Possession of Licenses and Permits</U>. Each of the BIP Entities possesses such permits, licenses,
approvals, consents and other authorizations (collectively, &ldquo;<B>Governmental Licenses</B>&rdquo;) issued by the appropriate
federal, state, local or foreign regulatory agencies or bodies necessary to conduct the business now operated by them, except where
the failure to so possess would not, singly or in the aggregate, result in a Material Adverse Effect; each of the BIP Entities
is in compliance with the terms and conditions of all such Governmental Licenses, except where the failure to so comply would not,
singly or in the aggregate, result in a Material Adverse Effect; all of the Governmental Licenses are valid and in full force and
effect, except when the invalidity of such Governmental Licenses or the failure of such Governmental Licenses to be in full force
and effect would not, singly or in the aggregate, result in a Material Adverse Effect, and none of the BIP Entities has received
any notice of proceedings relating to the revocation or modification of any such Governmental Licenses which, singly or in the
aggregate, if the subject of an unfavorable decision, ruling or finding, would result in a Material Adverse Effect, and there are
no facts or circumstances, including without limitation facts or circumstances relating to the revocation, suspension, modification,
withdrawal or termination of any Governmental Licenses held by others, known to BIP, that could lead to the revocation, suspension,
modification, withdrawal or termination of any such Governmental Licenses, which, singly or in the aggregate, if the subject of
an unfavorable decision, ruling or finding, would result in a Material Adverse Effect. To the knowledge of BIP, no party granting
any such Governmental Licenses is considering limiting, suspending, modifying, withdrawing, or revoking the same in any material
respect.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(o)</TD><TD STYLE="text-align: justify"><U>Title to Property</U>. Except as described in the Disclosure Package and the Prospectus, each
of the BIP Entities has good and marketable title to all of its material assets including all material licenses, free and clear
of all mortgages, hypothecs, liens, charges, pledges, security interests, encumbrances, claims or demands whatsoever (other than
mortgages, liens, charges, pledges, security interests and/or other encumbrances granted to its or its subsidiaries&rsquo; lenders
or that have been provided in the ordinary course of business or that are customary given the nature of the assets and the business
of each of the BIP Entities) which are material to each of the BIP Entities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(p)</TD><TD STYLE="text-align: justify"><U>Environmental Laws</U>. Except as described in the Disclosure Package and the Prospectus and
except as would not, singly or in the aggregate, result in a Material Adverse Effect, (A)&nbsp;none of the BIP Entities is in violation
of any federal, provincial, state, local, municipal or foreign statute, law, rule, regulation, ordinance, code, policy or rule&nbsp;of
common law or civil law or any judicial or administrative interpretation thereof, including any judicial or administrative order,
consent, decree or judgment, relating to pollution or protection of human health, the environment (including, without limitation,
ambient air, surface water, groundwater, land surface or subsurface strata) or wildlife, including, without limitation, laws and
regulations relating to the release or threatened release of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous
substances, petroleum or petroleum products, asbestos-containing materials or mold (collectively, &ldquo;<B>Hazardous Materials</B>&rdquo;)
or to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials
(collectively, &ldquo;<B>Environmental Laws</B>&rdquo;), (B)&nbsp;each of the BIP Entities has all permits, authorizations and
approvals required under any applicable Environmental Laws and is in compliance with its requirements, (C)&nbsp;there are no pending
or, to the knowledge of BIP, threatened administrative, regulatory or judicial actions, suits, demands, demand letters, claims,
liens, notices of noncompliance or violation, investigation or proceedings relating to any Environmental Law against any of the
BIP Entities and (D)&nbsp;there are no events or circumstances that might reasonably be expected to form the basis of an order
for clean up or remediation, or an action, suit or proceeding by any private party or governmental body or agency, against or affecting
any of the BIP Entities relating to Hazardous Materials or any Environmental Laws.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(q)</TD><TD STYLE="text-align: justify"><U>No Stabilization or Manipulation</U>. Neither BIP nor, to its knowledge, any of its officers,
directors or affiliates, has taken or will take, directly or indirectly, any action designed to, or that might be reasonably expected
to, cause or result in stabilization or manipulation of the price of the Units.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(r)</TD><TD STYLE="text-align: justify"><U>Other Information</U>. There are no contracts, documents or other materials required to be described
or referred to in the Disclosure Package and the Prospectus that are not described, referred to or filed as required.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(s)</TD><TD STYLE="text-align: justify"><U>Insurance</U>. Each of the BIP Entities carries or is entitled to the benefits of insurance,
with financially sound and reputable insurers, in such amounts and covering such risks as management believes is appropriate for
an entity engaged in the business of the BIP Entities, and all such insurance is in full force and effect. The BIP Entities have
no reason to believe that they will not be able to (A)&nbsp;renew existing insurance coverage as and when such policies expire;
or (B)&nbsp;obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as
now conducted and at a cost that would not have a Material Adverse Effect. None of the BIP Entities has been denied any insurance
coverage, which it has sought or for which it has applied.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(t)</TD><TD STYLE="text-align: justify"><U>Accounting Control</U>. Each of the BIP Entities maintains a system of internal accounting controls
over financial reporting (as such term is defined in Rule&nbsp;13a-15(f)&nbsp;of the Exchange Act) that complies with the requirements
of the Exchange Act (including, where applicable, by exemptive relief) and that has been designed by, or under the supervision
of, BIP&rsquo;s principal executive and principal financial officers, which, on a consolidated basis, is sufficient to provide
reasonable assurances that: (A)&nbsp;transactions are executed in accordance with management&rsquo;s general or specific authorization;
(B)&nbsp;transactions are recorded as necessary to permit preparation of financial statements in conformity with IFRS and to maintain
accountability for assets; (C)&nbsp;access to assets is permitted only in accordance with management&rsquo;s general or specific
authorization; and (D)&nbsp;the recorded accountability for assets is compared with the existing assets at reasonable intervals
and appropriate action is taken with respect to any differences. The internal controls are, and upon consummation of the Offering
will be, overseen by the Audit Committee (the &ldquo;<B>Audit Committee</B>&rdquo;) of the General Partner in accordance with the
NYSE Rules. As of the date of the most recent balance sheet of BIP and its consolidated subsidiaries included in the Registration
Statement, the Disclosure Package and the Prospectus, there were no material weaknesses in BIP&rsquo;s internal controls. BIP has
not publicly disclosed or reported to the Audit Committee or the General Partner, and, within the next 135 days, BIP does not reasonably
expect to publicly disclose or report to the Audit Committee or the General Partner a significant deficiency, material weakness,
change in internal controls or fraud involving management or other employees who have a significant role in internal controls,
any violation of, or failure to comply with, the Securities Laws, or any matter which, if determined adversely, would have a Material
Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(u)</TD><TD STYLE="text-align: justify"><U>Compliance with the Sarbanes-Oxley Act</U>. There is and has been no failure on the part of
BIP or, to the knowledge of BIP, any of BIP&rsquo;s directors or officers, in their capacities as such, to comply in all material
respects with any provision of Sarbanes-Oxley, including Section&nbsp;402 related to loans and Sections 302 and 906 related to
certifications, insofar as BIP is required to comply with the aforementioned act, rules&nbsp;and regulations.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify"><U>Payment of Taxes</U>. All United States federal and Canadian federal income tax returns and
tax returns of foreign jurisdictions of the BIP Entities required by law to be filed have been filed and all taxes shown by such
returns or otherwise assessed, which are due and payable, have been paid, except assessments against which appeals have been or
will be promptly taken and as to which adequate reserves have been provided, except where the failure to pay would not reasonably
be expected to result in a Material Adverse Effect. Each of the BIP Entities has filed all other tax returns that are required
to have been filed by it pursuant to applicable foreign, provincial, state, local or other law except insofar as the failure to
file such returns would not result in a Material Adverse Effect, and has paid all taxes due pursuant to such returns or pursuant
to any assessment received by any of the BIP Entities, except where the failure to pay would not reasonably be expected to result
in a Material Adverse Effect, and except for such taxes, if any, as are being contested in good faith and as to which adequate
reserves have been provided. The charges, accruals and reserves on the books of each of the BIP Entities in respect of any income
and corporation tax liability for any years not finally determined are adequate to meet any assessments or re-assessments for additional
income tax for any years not finally determined, except to the extent of any inadequacy that would not result in a Material Adverse
Effect. The statements set forth in the Disclosure Package and the Prospectus under the caption &ldquo;Material U.S. Federal Income
Tax Considerations&rdquo;, insofar as they purport to describe the tax consequences to holders of the ownership and disposition
of the Units or legal conclusions with respect thereto, and subject to the limitations, qualifications and assumptions set forth
therein, are a fair and accurate summary of the matters set forth therein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(w)</TD><TD STYLE="text-align: justify"><U>OFAC</U>. None of the BIP Entities or their subsidiaries nor, to the knowledge of BIP, any director,
officer, agent, employee, affiliate or person acting on behalf of a BIP Entity or any subsidiaries of a BIP Entity, is (i)&nbsp;currently
subject to or the target of any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department
(&ldquo;<B>OFAC</B>&rdquo;) and including, without limitation, the designation as a &ldquo;specially designated national&rdquo;
or &ldquo;blocked person&rdquo;, the United Nations Security Council or the European Union, Her Majesty&rsquo;s Treasury or other
relevant sanctions authority (collectively, &ldquo;<B>Sanctions</B>&rdquo;), or (ii)&nbsp;located, organized or resident in a country
or territory that is, or whose government is, the subject or target of Sanctions, including, without limitation, the Crimean peninsula,
Cuba,&nbsp;Iran, North Korea and Syria (such countries, &ldquo;<B>Sanctioned Countries</B>&rdquo;), and none of the BIP Entities
will directly or indirectly use the proceeds of the Offering, or lend, contribute or otherwise make available such proceeds to
any subsidiary, joint venture partner or other person or entity, for the purpose of (x)&nbsp;funding or facilitating the activities
of any person that, to the knowledge of BIP, is currently the subject or target of Sanctions, (y)&nbsp;funding or facilitating
any activities of or business in any Sanctioned Country or (z)&nbsp;engaging in any other activity that will result in a violation
of Sanctions by any person (including any person participating in the Offering, whether as underwriter, advisor, investor or otherwise).
For the past five years, the BIP Entities and their subsidiaries have not knowingly engaged in and are not now knowingly engaged
in any dealings or transactions with any person that at the time of the dealing or transaction is or was the subject or the target
of Sanctions or with any Sanctioned Country.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: justify"><U>Investment Company Act</U>. BIP is not and, after giving effect to the offer and sale of the
Units and the application of the proceeds thereof as described in the Disclosure Package and the Prospectus, will not be required
to register as an &ldquo;investment company&rdquo; as defined in the <I>United States Investment Company Act of 1940</I>, as amended,
and the rules&nbsp;and regulations promulgated thereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(y)</TD><TD STYLE="text-align: justify"><U>Foreign Private Issuer and SEC Foreign Issuer</U>. BIP is a &ldquo;foreign private issuer&rdquo;
within the meaning of Rule&nbsp;405 under the Securities Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(z)</TD><TD STYLE="text-align: justify"><U>Compliance with Laws</U>. Each of the BIP Entities and, to BIP&rsquo;s knowledge, others who
perform services on behalf of the BIP Entities in the performance of such services on behalf of the BIP Entities, have been and
are in compliance with, and conduct their businesses in conformity with, all applicable U.S., Canadian and foreign federal, provincial,
state and local laws, rules&nbsp;and regulations, standards, and all applicable rules, policies, ordinances, judgments, decrees,
orders and injunctions of any court or governmental agency or body or the Exchanges, except where the failure to be in compliance
or conformity would not, singly or in the aggregate, result in a Material Adverse Effect; and none of the BIP Entities has received
any notice citing action or inaction by any of the BIP Entities, or others who perform services on behalf of the BIP Entities,
that would constitute non-compliance with any applicable U.S., Canadian or foreign federal, provincial, state or local laws, rules,
regulations policies or standards to the extent such non-compliance reasonably could be expected to have a Material Adverse Effect;
and, to the knowledge of BIP, other than as set forth in the Disclosure Package and the Prospectus, no prospective change in any
applicable U.S., Canadian and foreign federal, provincial, state, or local laws, rules, regulations or standards has been adopted
which, when made effective, would have a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(aa)</TD><TD STYLE="text-align: justify"><U>Transfer Agent</U>. Computershare Inc. at its principal offices located at 150 Royall Street,
Canton MA 02021 has been duly appointed as registrar and transfer agent for the Units.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(bb)</TD><TD STYLE="text-align: justify"><U>Director or Officer Loans</U>. Except as disclosed in documents incorporated by reference into
the Disclosure Package and the Prospectus, there are no outstanding loans, advances (except normal advances for business expense
in the ordinary course of business) or guarantees or indebtedness by any of the BIP Entities, to or for the benefit of any of the
officers or directors of any of the BIP Entities or any of their respective family members.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(cc)</TD><TD STYLE="text-align: justify"><U>Off-Balance Sheet Arrangements</U>. There are no transactions, arrangements or other relationships
between and/or among the BIP Entities, any of their affiliates and any unconsolidated entity, including, but not limited to, any
structured finance, special purpose or limited purpose entity that could materially affect BIP&rsquo;s liquidity or the availability
of, or requirements for, its capital resources required to be described in the Disclosure Package and the Prospectus which have
not been described as required.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(dd)</TD><TD STYLE="text-align: justify"><U>Exchange Listing</U>. BIP is in compliance with all applicable corporate governance requirements
set forth in the NYSE Listed Company Manual and all applicable corporate governance and other requirements contained in the listing
agreement to which BIP and the NYSE are parties, except where the failure to be in compliance would not reasonably be expected
to result in delisting or any suspension of trading or other privileges. As of the Closing Date, the Units (and any securities
issuable upon the conversion thereof) will be conditionally approved for listing on the NYSE subject to the satisfaction of the
usual conditions imposed by the NYSE.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ee)</TD><TD STYLE="text-align: justify"><U>Filing and Effectiveness of Registration Statement; Certain Defined Terms</U>. BIP has filed
with the SEC an &ldquo;automatic shelf registration statement&rdquo; as defined under Rule&nbsp;405 under the Securities Act on
Form&nbsp;F-3 (No.&nbsp;333-232256), including a related prospectus or prospectuses, covering the registration of the Units under
the Securities Act not earlier than three years prior to the date hereof, such registration statement, and any post-effective amendment
thereto, became effective on filing, and no stop order suspending the effectiveness of such registration statement or any part
thereof has been issued and no proceeding for that purpose has been initiated or threatened by the SEC, and no notice of objection
of the SEC to the use of such registration statement or any post-effective amendment thereto pursuant to Rule&nbsp;401(g)(2)&nbsp;under
the Securities Act has been received by BIP (the base prospectus filed as part of such registration statement, in the form in which
it has most recently been filed with the SEC on or prior to the date of this Agreement, is hereinafter called the &ldquo;<B>Base
Prospectus</B>&rdquo;; any preliminary prospectus (including any preliminary prospectus supplement and any amendment thereto) relating
to the Units filed with the SEC pursuant to Rule&nbsp;424(b)&nbsp;under the Securities Act is hereinafter called a &ldquo;<B>Preliminary
Prospectus</B>&rdquo;; the various parts of such registration statement, including all exhibits thereto and including any prospectus
or information supplement relating to the Units that is filed with the SEC and deemed by virtue of Rule&nbsp;430B or 430C under
the Securities Act to be part of such registration statement, each as amended at the time such part of the registration statement
became effective, are hereinafter collectively called the &ldquo;<B>Registration Statement</B>&rdquo;; the final prospectus supplement
relating to the Units filed with the SEC pursuant to Rule&nbsp;424(b)&nbsp;under the Securities Act, including the Base Prospectus,
is hereinafter called the &ldquo;<B>Prospectus</B>&rdquo;; any reference herein to the Base Prospectus, the Disclosure Package,
any Preliminary Prospectus or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein,
as of the date of such prospectus; any reference to any amendment or supplement to the Base Prospectus, any Preliminary Prospectus
or the Prospectus shall be deemed to refer to and include any post-effective amendment to the Registration Statement, any prospectus
supplement relating to the Units filed with the SEC pursuant to Rule&nbsp;424(b)&nbsp;under the Securities Act and any documents
filed under the Exchange Act, and incorporated therein, in each case after the date of the Base Prospectus, any Preliminary Prospectus,
or the Prospectus, as the case may be; and any reference to any amendment to the Registration Statement shall be deemed to refer
to and include any annual report of BIP filed pursuant to Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of the Exchange Act after the effective
date of the Registration Statement that is incorporated by reference in the Registration Statement).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ff)</TD><TD STYLE="text-align: justify"><U>Compliance with Securities Act Requirements</U>. At the time the Registration Statement initially
became effective, at the time of each amendment thereto for the purposes of complying with Section&nbsp;10(a)(3)&nbsp;of the Securities
Act (whether by post-effective amendment, incorporated report or form of prospectus), at the Applicable Time and on the Closing
Date, the Registration Statement conformed and will conform in all material respects to the requirements of the Securities Act
and the Rules&nbsp;and Regulations and did not and will not include 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, in the light of the circumstances under
which they were made, not misleading. On its date, at the time of filing the Prospectus pursuant to Rule&nbsp;424(b)&nbsp;under
the Securities Act and on the Closing Date, the Prospectus will conform in all material respects to the requirements of the Securities
Act and the Rules&nbsp;and Regulations, and will not include 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, in light of the circumstances under which they
were made, not misleading. The preceding sentences do not apply to statements in or omissions from any such document made in reliance
upon and in conformity with written information furnished to BIP by any Underwriter through the Representatives expressly for use
therein, it being understood and agreed that the only such information is that described as &ldquo;Underwriting Information&rdquo;
in Section&nbsp;17.3 hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(gg)</TD><TD STYLE="text-align: justify"><U>Preliminary Prospectus</U>. No order preventing or suspending the use of any Preliminary Prospectus
or any Issuer Free Writing Prospectus has been issued by the SEC, and each Preliminary Prospectus, at the time of filing thereof,
conformed in all material respects to the requirements of the Securities Act and the Rules&nbsp;and Regulations, and did not contain
an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein, in the light of the circumstances under which they were made, not misleading; <I>provided</I>, <I>however</I>,
that this representation and warranty shall not apply to statements in or omissions from any Preliminary Prospectus made in reliance
upon and in conformity with written information furnished to BIP by any Underwriter through the Representatives expressly for use
therein, it being understood and agreed that the only such information is that described as &ldquo;Underwriting Information&rdquo;
in Section&nbsp;17.3 hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(hh)</TD><TD STYLE="text-align: justify"><U>Disclosure Package; Issuer Free Writing Prospectuses</U>. The Disclosure Package, as of the
Applicable Time, did not, and as of the Closing Date (or the Additional Closing Date, as the case may be) will not, include any
untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading; and each Issuer Free Writing Prospectus listed on Schedule
A hereto does not conflict with the information contained in the Registration Statement, the Disclosure Package or the Prospectus
and each such Issuer Free Writing Prospectus, as supplemented by and taken together with the Disclosure Package as of the Applicable
Time, did not include any untrue statement of a material fact or omit to state any material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify"><U>Incorporated Documents</U>. The documents incorporated by reference in the Disclosure Package
and the Prospectus, when they became effective or were filed with the SEC, as the case may be, conformed in all material respects
to the requirements of the Securities Act or the Exchange Act, as applicable, and the Rules&nbsp;and Regulations, and none of such
documents contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or
necessary to make the statements therein not misleading; any further documents so filed and incorporated by reference in the Disclosure
Package and the Prospectus or any further amendment or supplement thereto, when such documents become effective or are filed with
the SEC, as the case may be, will conform in all material respects to the requirements of the Securities Act or the Exchange Act,
as applicable, and the Rules&nbsp;and Regulations thereunder and will not contain an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(jj)</TD><TD STYLE="text-align: justify"><U>WKSI; Ineligible Issuer Status</U>. (A)&nbsp;(i)&nbsp;At the time of filing the Registration
Statement, (ii)&nbsp;at the time of the most recent amendment thereto for the purposes of complying with Section&nbsp;10(a)(3)&nbsp;of
the Securities Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section&nbsp;13
or 15(d)&nbsp;of the Exchange Act or form of prospectus), and (iii)&nbsp;at the time BIP or any person acting on its behalf (within
the meaning, for this clause only, of Rule&nbsp;163(c)&nbsp;under the Securities Act) made any offer relating to the Units in reliance
on the exemption of Rule&nbsp;163 under the Securities Act, BIP was a &ldquo;well-known seasoned issuer&rdquo; as defined in Rule&nbsp;405
under the Securities Act; and (B)&nbsp;(i)&nbsp;at the earliest time after the filing of the Registration Statement that BIP or
another offering participant made a <I>bona fide</I> offer (within the meaning of Rule&nbsp;164(h)(2)&nbsp;under the Securities
Act) of the Units and (ii)&nbsp;at the date of this Agreement, BIP was not an &ldquo;ineligible issuer&rdquo; as defined in Rule&nbsp;405
under the Securities Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(kk)</TD><TD STYLE="text-align: justify"><U>No Distribution of Other Offering Materials</U>. None of BIP or any of its subsidiaries has
distributed nor, prior to the later to occur of the Closing Date and completion of the distribution of the Units will distribute
any offering material in connection with the offer and sale of the Units other than the Disclosure Package, the Prospectus or any
Issuer Free Writing Prospectus to which the Representatives have consented in accordance with this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ll)</TD><TD STYLE="text-align: justify"><U>Fair Summaries</U>. The statements set forth in the Disclosure Package and the Prospectus under
the caption &ldquo;Description of Series&nbsp;13 Preferred Units&rdquo; and &ldquo;Description of the Offered Securities,&rdquo;
insofar as they purport to constitute a summary of the terms of the Units, and under the headings &ldquo;Service of Process and
Enforceability of Civil Liabilities&rdquo;, &ldquo;Item 8. Indemnification of Directors and Officers&rdquo; and &ldquo;Underwriting&rdquo;
insofar as they purport to describe the provisions of the laws and documents referred to therein, are accurate, complete and fair.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(mm)</TD><TD STYLE="text-align: justify"><U>Registration Rights</U>. Except as disclosed in the Disclosure Package and the Prospectus, there
are no contracts, agreements or understandings between BIP and any person granting such person the right to require BIP to file
a registration statement under the Securities Act with respect to any Preferred Units owned or to be owned by such person or to
require BIP to include such Preferred Units in the Preferred Units registered pursuant to a registration statement or in any Preferred
Units being registered pursuant to any other registration statement filed by BIP under the Securities Act (collectively, &ldquo;<B>registration
rights</B>&rdquo;), and any person to whom BIP has granted registration rights will have agreed at or prior to the Closing Date
not to exercise such rights until after the expiration of the lock-up period referred to in Section&nbsp;16.1 hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(nn)</TD><TD STYLE="text-align: justify"><U>No Unlawful Payments</U>. Each of BIP, its subsidiaries, its affiliates and their respective
officers, directors, supervisors, managers, agents, or employees, has not violated, and by its participation in the Offering will
not violate, and BIP has instituted and maintains policies and procedures designed to ensure continued compliance by each of the
foregoing with the following laws: (a)&nbsp;anti-bribery laws, including, but not limited to, any applicable law, rule, or regulation
of any locality, including, but not limited to any law, rule, or regulation promulgated to implement the OECD Convention on Combating
Bribery of Foreign Public Officials in International Business Transactions, signed December&nbsp;17, 1997, including the <I>U.S.
Foreign Corrupt Practices Act of 1977</I>, the <I>Bribery Act 2010 of the United Kingdom </I>and the <I>Corruption of Foreign Public
Officials Act (Canada)</I>, each as amended, and the rules&nbsp;and regulations promulgated thereunder, or any other law, rule&nbsp;or
regulation of similar purpose and scope; (b)&nbsp;anti-money laundering laws, including, but not limited to, applicable U.S. federal,
state, international, foreign or other laws, regulations or government guidance regarding anti-money laundering, including, without
limitation, Title 18 U.S. Code section 1956 and 1957, the <I>Uniting and Strengthening America by Providing Appropriate Tools Required
to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001</I>, as amended, and the rules&nbsp;and regulations promulgated thereunder,
the <I>Currency and Foreign Transactions Reporting Act of 1970</I>, as amended, and the rules&nbsp;and regulations promulgated
thereunder, the <I>Bank Secrecy Act</I>, the applicable money laundering laws of all jurisdictions where BIP or any of its controlled
affiliates conducts business, the rules&nbsp;and regulations thereunder and any related or similar rules, regulations or guidelines
issued, administered or enforced by any governmental agency and international anti-money laundering principles or procedures by
an intergovernmental group or organization, such as the Financial Action Task Force on Money Laundering, of which the United States
is a member and with which designation the United States representative to the group or organization continues to concur, all as
amended, and any executive order, directive, or regulation pursuant to the authority of any of the foregoing, or any orders or
licenses issued thereunder, and no action, suit or proceeding by or before any court or governmental agency, authority or body
or any arbitrator involving BIP or its controlled affiliates with respect to the foregoing is pending or, to the knowledge of BIP,
threatened; and (c)&nbsp;laws and regulations imposing U.S. economic sanctions measures, including, but not limited to, the <I>International
Emergency Economic Powers Act</I>, as amended, and the rules&nbsp;and regulations promulgated thereunder, the <I>Trading with the
Enemy Act </I>of 1917, as amended, and the rules&nbsp;and regulations promulgated thereunder, the <I>United Nations Participation
Act</I> of 1945, as amended, and the rules&nbsp;and regulations promulgated thereunder, and the <I>Syria Accountability and Lebanese
Sovereignty Restoration Act</I> of 2003, as amended, and the rules&nbsp;and regulations promulgated thereunder, all as amended,
and any executive order, directive, or regulation pursuant to the authority of any of the foregoing, including the regulations
of the United States Treasury Department set forth under 31 CFR, Subtitle B, Chapter V, as amended, or any orders or licenses issued
thereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(oo)</TD><TD STYLE="text-align: justify"><U>Representation of Officers</U>. Any certificate signed by any officer of the General Partner
on behalf of BIP and delivered to the Underwriters or counsel for the Underwriters as required or contemplated by this Agreement
shall constitute a representation and warranty hereunder by BIP, as to matters covered thereby, to each Underwriter.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(pp)</TD><TD STYLE="text-align: justify"><U>Disclosure Controls and Procedures</U>. BIP maintains disclosure controls and procedures (as
such term is defined in Rule&nbsp;13a-15(e)&nbsp;under the Exchange Act) that comply with the requirements of the Exchange Act;
such disclosure controls and procedures have been designed to ensure that material required to be disclosed by BIP in reports that
it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in
the Commission&rsquo;s rules&nbsp;and forms, including controls and procedures designed to ensure that such information relating
to BIP and its subsidiaries is accumulated and made known to BIP&rsquo;s principal executive officer and principal financial officer
by others within those entities; and such disclosure controls and procedures are effective.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(qq)</TD><TD STYLE="text-align: justify"><U>Cybersecurity</U>. The BIP Entities&rsquo; information technology assets and equipment, computers,
systems, networks, hardware, software, websites, applications, and databases (collectively, &ldquo;<B>IT Systems</B>&rdquo;) are
adequate for, and operate and perform in all material respects as required in connection with the operation of the business of
the BIP Entities as currently conducted, and to the best of the BIP Entities&rsquo; knowledge, are free and clear of all bugs,
errors, defects, Trojan horses, time bombs, malware and other corruptants. BIP and its subsidiaries have implemented and maintained
commercially reasonable controls, policies, procedures, and safeguards to maintain and protect their material confidential information
and the integrity, continuous operation, redundancy and security of all IT Systems and data (including all personal, personally
identifiable, sensitive, confidential or regulated data (&ldquo;<B>Personal Data</B>&rdquo;)) used in connection with their businesses,
and there have been (i)&nbsp;no breaches, violations, outages or unauthorized uses of or accesses to the same, except for those
that have been remedied without material cost or liability or the duty to notify any other person, and (ii)&nbsp;no incidents under
internal review or investigations relating to the same except as where such breaches, violations, outages, unauthorized use or
access, or incidents under internal review or investigations relating to the same, would not, individually or in the aggregate,
result in a Material Adverse Effect. BIP and its subsidiaries are presently in material compliance with all applicable laws or
statutes and all applicable judgments, orders, rules&nbsp;and regulations of any court or arbitrator or governmental or regulatory
authority having jurisdiction over BIP and its subsidiaries, and all internal policies and contractual obligations relating to
the privacy and security of IT Systems and Personal Data and to the protection of such IT Systems and Personal Data from unauthorized
use, access, misappropriation or modification.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(rr)</TD><TD STYLE="text-align: justify"><U>Mirror Units</U>. The Mirror Units and the limited partner interests represented thereby have
been duly authorized and, when issued and delivered, will be validly issued, and will conform in all material respects to the description
thereof contained in the Registration Statement, Pricing Disclosure Package and the Prospectus, and the issuance of such Mirror
Units is not subject to any preemptive or similar rights.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(ss)</TD><TD STYLE="text-align: justify"><U>Stamp Duty</U>. No stamp, issue, registration, documentary, transfer or other similar taxes
and duties, including interest and penalties, are payable in Bermuda on or in connection with the issuance, sale and delivery of
the Units by BIP or the execution and delivery of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(tt)</TD><TD STYLE="text-align: justify"><U>eXtensible Business Reporting Language</U>. The interactive data in eXtensible Business Reporting
Language included or incorporated by reference in the Registration Statement fairly presents the information called for in all
material respects and has been prepared in accordance with the Commission&rsquo;s rules&nbsp;and guidelines applicable thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(uu)</TD><TD STYLE="text-align: justify"><U>Statistical and Market-Related Data</U>. The statistical and market-related data included in
the Disclosure Package and the Prospectus and the consolidated financial statements of BIP and its subsidiaries included in the
Disclosure Package and the Prospectus are based on or derived from sources that BIP believes to be reliable in all material respects.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(vv)</TD><TD STYLE="text-align: justify"><U>Passive Foreign Investment Company</U>. BIP was not a &ldquo;passive foreign investment company&rdquo;
(&ldquo;<B>PFIC</B>&rdquo;) as defined in Section&nbsp;1297 of the Code for its most recently completed taxable year and the Partnership
does not expect to be a PFIC for the foreseeable future.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>12</B></TD><TD><B>Use of Proceeds</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">BIP will use the net proceeds
from the Offering in accordance with the description thereof under the caption &ldquo;Use of Proceeds&rdquo; in the Disclosure
Package and the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>13</B></TD><TD><B>Conditions Precedent</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">13.1</TD><TD STYLE="text-align: justify">The following are conditions precedent to the obligation of the Underwriters to close the transaction
contemplated by this Agreement, which conditions BIP covenants to exercise its best efforts to have fulfilled at or prior to the
Closing Time and which conditions may be waived in writing in whole or in part by the Underwriters:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the Units shall have attributes substantially as set forth in the Disclosure Package and the Prospectus;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">at the Closing Time, BIP shall have delivered to the Underwriters a certificate, dated the Closing
Date, signed on behalf of BIP by any two of its officers satisfactory to the Underwriters, acting reasonably, and certifying that:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">except as disclosed in or contemplated by the Disclosure Package and the Prospectus, or any amendments
thereto:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">there has been, since June&nbsp;30, 2020 and prior to the Closing Time, no material change (financial
or otherwise) in the business, affairs, operations, assets, liabilities (contingent or otherwise) or capital of BIP on a consolidated
basis; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">no transaction of a nature material to BIP on a consolidated basis has been entered into, directly
or indirectly, by BIP since June&nbsp;30, 2020;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">no order, ruling or determination (excluding temporary trading halts for the dissemination of information)
having the effect of ceasing or suspending trading in any securities of BIP has been issued in the United States and, to BIP&rsquo;s
knowledge, no proceedings for such purpose are pending, contemplated or threatened;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">the representations and warranties of BIP contained herein are true and correct in all respects
as of the Closing Time, with the same force and effect as if made at and as of the Closing Time; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">BIP has complied with all terms and conditions of this Agreement to be complied with by BIP at
or prior to the Closing Time,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">and all such matters shall in fact
be true at the Closing Time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">the Underwriters shall have received evidence satisfactory to them, acting reasonably, that the
Units have been conditionally approved for listing on the NYSE;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">subsequent to the earlier of (A)&nbsp;the Applicable Time and (B)&nbsp;the execution and delivery
of this Agreement, (i)&nbsp;no downgrading shall have occurred in the rating accorded BIP or any debt securities, convertible securities
or preferred stock issued, or guaranteed by, BIP or any of the other BIP Entities by any &ldquo;nationally recognized statistical
rating organization,&rdquo; as such term is defined under Section&nbsp;3(a)(62) of the Exchange Act and (ii)&nbsp;no such organization
shall have publicly announced that it has under surveillance or review, or has changed its outlook with respect to, its rating
of BIP or any such debt securities, convertible securities or preferred stock issued or guaranteed by any of the BIP Entities (other
than an announcement with positive implications of a possible upgrading);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">on and as of the Closing Date, the Units shall have at least the rating specified in the Disclosure
Package from S&amp;P Global Ratings, and BIP shall have delivered to the Underwriters a letter on or prior to the Closing Date,
from S&amp;P Global Ratings, or other evidence reasonably satisfactory to the Underwriters, confirming that the Units have been
assigned such rating;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">at the Closing Time, Morrison&nbsp;&amp;&nbsp;Foerster&nbsp;LLP, special Investment Company Act
counsel for BIP, shall have furnished to the Underwriters, at the request of BIP, their written opinion, dated the Closing Date
and addressed to the Underwriters, such letter to be in form and content satisfactory to the Underwriters and their counsel, acting
reasonably;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(g)</TD><TD STYLE="text-align: justify">the Underwriters shall have received at the Closing Time the letter of the auditors of BIP updating
the &ldquo;comfort letter&rdquo; referred to in Section&nbsp;6.1 to a date not more than two business days prior to the date of
such letter, such letter to be in form and content satisfactory to the Underwriters and their counsel, acting reasonably;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(h)</TD><TD STYLE="text-align: justify">at the Closing Time, the Underwriters shall have received a favorable legal opinion and 10b-5 negative
assurance letter, dated the Closing Date, on behalf of BIP from Torys LLP, BIP&rsquo;s U.S. and Canadian legal counsel, addressed
to the Underwriters and their counsel with respect to such matters as may reasonably be requested by the Underwriters;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">at the Closing Time, the Underwriters shall have received a favorable legal opinion, dated the
Closing Date, on behalf of BIP from Appleby (Bermuda) Limited addressed to the Underwriters and their counsel with respect to such
matters as may reasonably be requested by the Underwriters;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(j)</TD><TD STYLE="text-align: justify">at the Closing Time, the Underwriters shall have received a favorable legal opinion and 10b-5 negative
assurance letter, dated the Closing Date, from their U.S. counsel, Milbank LLP, with respect to such matters as the Underwriters
may reasonably request;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: justify">at the Closing Time, the Underwriters shall have received a legal opinion, dated the Closing Date,
on behalf of BIP from Torys LLP, to the effect that each of BIP and BILP will be classified as a partnership and not as an association
or publicly traded partnership taxable as a corporation for United States federal income tax purposes;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(l)</TD><TD STYLE="text-align: justify">on or prior to the Closing Date, the BIP LPA Amendment shall have been executed by the General
Partner and the Amended BIP LPA shall be in full force and effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(m)</TD><TD STYLE="text-align: justify">on or prior to the Closing Date, the BILP LPA Amendment shall have been executed by the managing
general partner and/or the special limited partner of BILP and the Amended BILP LPA shall be in full force and effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(n)</TD><TD STYLE="text-align: justify">promptly following the closing of the Offering, the Mirror Units will be issued by BILP to BIP
with terms conforming with those set forth in the Disclosure Package and the Prospectus;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(o)</TD><TD STYLE="text-align: justify">no order suspending the effectiveness of the Registration Statement shall be in effect, and no
proceeding for such purpose, pursuant to Rule&nbsp;401(g)(2)&nbsp;under the Securities Act or pursuant to Section&nbsp;8A of the
Securities Act, shall be pending before or threatened by the SEC; the Prospectus and each Issuer Free Writing Prospectus shall
have been timely filed with the SEC under the Securities Act (in the case of an Issuer Free Writing Prospectus, to the extent required
by Rule&nbsp;433 under the Securities Act) and in accordance with Section&nbsp;3.1 hereof; and all requests by the SEC for additional
information shall have been complied with to the reasonable satisfaction of the Representatives; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(p)</TD><TD STYLE="text-align: justify">on the date of this Agreement and on the Closing Date the Partnership shall have furnished to the
Representatives a certificate, dated the respective dates of delivery thereof and addressed to the Underwriters, of the chief financial
officer of Brookfield Infrastructure Group L.P., with respect to certain financial data contained in the Disclosure Package and
the Prospectus, providing &ldquo;management comfort&rdquo; with respect to such information, in form and substance reasonably satisfactory
to the Representatives.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>14</B></TD><TD><B>Termination</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">14.1</TD><TD STYLE="text-align: justify">In addition to any other remedies which may be available to the Underwriters, any Underwriter shall
be entitled, at its option, to terminate and cancel its obligations under this Agreement, without any liability on their or its
part, in the following circumstances:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify"><U>Regulatory Proceeding Out</U>. if after the Applicable Time and prior to the Closing Time, an
inquiry, action, suit, investigation or other proceeding is commenced or threatened or any order is made or issued under or pursuant
to any law of Canada or the United States or by any other regulatory authority or stock exchange (except any such proceeding or
order based solely upon the activities of any of the Underwriters), or there is any change of law or the interpretation or administration
thereof, which in such Underwriter&rsquo;s opinion, acting reasonably, would prevent, suspend, delay, restrict or adversely affect
the trading in or the distribution of the Units or any other securities of BIP in the United States; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify"><U>Disaster Out</U>. if after the Applicable Time and prior to the Closing Time, there should develop,
occur or come into effect or existence any event, action, state, condition or occurrence of national or international consequence
or any action, governmental law or regulation, enquiry or other occurrence of any nature whatsoever which, in such Underwriter&rsquo;s
sole opinion in its absolute discretion, acting reasonably, might be expected to have a significant adverse effect on the market
price or value of the Units, including, without limitation, the outbreak or escalation of hostilities involving the United States
or Canada or the declaration by the United States or Canada of a national emergency or war or the occurrence of any other calamity
or crisis in the United States, Canada or elsewhere; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify"><U>Material Change</U>. if after the Applicable Time and prior to the Closing Time, there should
occur, be discovered by the Underwriters or be announced by BIP, any material change or a change in any material fact which, in
the sole opinion of such Underwriter, might reasonably be expected to have a significant adverse effect on the market price or
value of the Units or makes it impracticable or inadvisable to proceed with the offer, sale or delivery of the Units on the Closing
Date, on the terms and in the manner contemplated by this Agreement, the Disclosure Package and the Prospectus; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify"><U>Financial Market Out</U>. if there is a suspension or material limitation in trading in securities
generally on the NYSE, a suspension or material limitation in trading in BIP&rsquo;s securities on any of the Exchanges or a general
moratorium on commercial banking activities declared by either Canadian, U.S. Federal or New York State authorities or a material
disruption in commercial banking or securities settlement or clearance services in Canada or the United States which, in each such
instance, the effect is such as to make it, in the judgment of such Underwriter, acting reasonably, impracticable or inadvisable
to proceed with the offer, sale or delivery of the Units on the Closing Date on the terms and in the manner contemplated by this
Agreement, the Disclosure Package and the Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">14.2</TD><TD STYLE="text-align: justify">The rights of termination contained in Section&nbsp;14.1 may be exercised by any Underwriter giving
written notice thereof to BIP and the Representatives at any time prior to the Closing Time and are in addition to any other rights
or remedies the Underwriters may have in respect of any default, act or failure to act or non-compliance by BIP in respect of any
of the matters contemplated by this Agreement or otherwise. In the event of any such termination, there shall be no further liability
or obligation on the part of the Underwriters to BIP or on the part of BIP to the Underwriters except in respect of any liability
or obligation under any of Sections 17 and 18 which will remain in full force and effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>15</B></TD><TD><B>Conditions</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">15.1</TD><TD STYLE="text-align: justify">All terms and conditions of this Agreement shall be construed as conditions and any material breach
or failure to comply in all material respects with any such terms or conditions which are for the benefit of the Underwriters shall
entitle any of the Underwriters to terminate their obligation to purchase the Units by notice in writing to that effect given to
BIP at or prior to the Closing Time. The Underwriters may waive in whole or in part or extend the time for compliance with any
of such terms and conditions without prejudice to their rights in respect of any other of such terms and conditions or any other
or subsequent breach or non-compliance, <I>provided</I> that to be binding on an Underwriter any such waiver or extension must
be in writing and signed by such Underwriter.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>16</B></TD><TD><B>Restrictions on Further Issues or Sales</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">16.1</TD><TD STYLE="text-align: justify">For a period of 30 days after the date of the Prospectus, BIP will not, without the prior written
consent of the Representatives, offer, sell, contract to sell, pledge, otherwise dispose of, or enter into any transaction which
is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic
disposition due to cash settlement or otherwise) by BIP, or the General Partner or any controlled affiliate of BIP or the General
Partner or any person in privity with BIP or the General Partner or any controlled affiliate of BIP or the General Partner, directly
or indirectly, including the filing (or participation in the filing) of a registration statement with the SEC in respect of, or
establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section&nbsp;16
of the Exchange Act, or announce the offering, of any units of any class of capital stock of BIP (other than the Units) that is
preferred as to the payment of distributions, or as to the distribution of assets upon any liquidation or dissolution of BIP, over
the limited partnership units of BIP (including any units of any class of partnership interests of the Partnership (other than
the Units) that ranks equally with the Units as to the payment of distributions or as to the distribution of assets upon any liquidation
or dissolution of BIP (other than any of BIP&rsquo;s Class&nbsp;A preferred limited partnership units that are issued upon re-classification
in accordance with terms of the corresponding series of BIP&rsquo;s outstanding Class&nbsp;A preferred limited partnership units,
as described in the Prospectus)). For the avoidance of doubt, nothing contained in this Section&nbsp;16 shall prohibit any disposition
or offering by BIP, the General Partner, their respective controlled affiliates or any other person of BIP&rsquo;s non-voting limited
partnership units (&ldquo;<B>LP Units</B>&rdquo;) and securities convertible into, or otherwise exchangeable for, LP Units, including
the filing (or participation in the filing) of a registration statement with the SEC or any prospectus in respect of LP Units and
securities convertible into, or otherwise exchangeable for, LP Units, in each case, as contemplated by the Forms F-1 and F-3 (as
amended from time to time) filed by BIP and Brookfield Infrastructure Corporation with the SEC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>17</B></TD><TD><B>Indemnification</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">17.1</TD><TD STYLE="text-align: justify">BIP shall indemnify and hold harmless each of the Underwriters (which term, for the purpose of
this Section&nbsp;shall be deemed to include affiliates of the Underwriters) and the Underwriters&rsquo; directors, officers and
employees and each person who controls any Underwriter within the meaning of Section&nbsp;15 of the Securities Act or Section&nbsp;20
of the Exchange Act (for the purposes of this Section&nbsp;17, the &ldquo;<B>Indemnified Underwriter Parties</B>&rdquo;) from and
against all liabilities, claims, demands, losses (other than loss of profit in connection with the distribution of the Units),
costs, damages and expenses (including, without limitation, legal fees and other expenses incurred in connection with any suit,
action or proceeding or any claim asserted, as such fees and expenses are incurred), joint or several, in any way caused by or
arising directly or indirectly from or in consequence of:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">any breach of or default under any representation, warranty, covenant or agreement of BIP in this
Agreement or any other document delivered pursuant hereto or thereto, or the failure of BIP to comply with any of its obligations
hereunder or thereunder;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">any information or statement in the Disclosure Package and the Prospectus and any Subsequent Disclosure
Document, or any omission or alleged omission to state therein any information;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify">any untrue statement or alleged untrue statement of a material fact contained in the Registration
Statement (or any amendment thereto) or any omission or alleged omission to state therein a material fact required to be stated
therein or necessary in order to make the statements therein not misleading;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify">any untrue statement or alleged untrue statement of a material fact included in the Base Prospectus,
any Preliminary Prospectus, the Disclosure Package, the Prospectus (or any amendment or supplement thereto), any Issuer Free Writing
Prospectus, any &ldquo;issuer information&rdquo; filed or required to be filed pursuant to Rule&nbsp;433(d)&nbsp;under the Securities
Act, any Subsequent Disclosure Document or any other material filed in compliance or intended compliance with U.S. Securities Laws,
or any omission or alleged omission to state therein a material fact necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">BIP not complying with any requirement of the U.S. Securities Laws, or any breach or violation
or alleged breach or violation of any U.S. Securities Laws or other securities legislation of any jurisdiction; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(f)</TD><TD STYLE="text-align: justify">any order made or any inquiry, investigation, or proceeding instituted, threatened or announced
by any court, securities regulatory authority, stock exchange, or other competent authority (except any such proceeding or order
based solely upon the activities of any of the Underwriters) or any change of law or the interpretation or administration thereof
which operates to prevent or restrict the trading in or the distribution of the Units or any other securities of BIP in the United
States;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><I>provided</I> that BIP shall
cease to be liable for indemnification under this Section&nbsp;17.1 in respect of any liabilities, claims, demands, losses, costs,
damages and expenses that arise out of or are based upon untrue statement or alleged untrue statement, any omission or alleged
omission of a material fact made in the Base Prospectus, any Preliminary Prospectus, the Disclosure Package, the Prospectus (or
any amendment or supplement thereto), any Issuer Free Writing Prospectus, any &ldquo;issuer information&rdquo; filed or required
to be filed pursuant to Rule&nbsp;433(d)&nbsp;under the Securities Act, any Subsequent Disclosure Document or in any other material
so filed in reliance upon and in conformity with information in respect of any of the Underwriters furnished in writing to BIP
by the Underwriters through the Representatives specifically for inclusion in such document, it being understood and agreed that
the only such information furnished by any Underwriter consists of the &ldquo;Underwriting Information&rdquo; described in Section&nbsp;17.3
below. The rights of indemnity contained in this Section&nbsp;17.1 in respect of a claim based on an omission or alleged omission
in any Subsequent Disclosure Document shall not apply if BIP has complied with Section&nbsp;7.1 and, if applicable, Sections 7.2
and 9.5 and the person asserting such claim was not provided with a copy of any Subsequent Disclosure Document which corrects such
omission or alleged omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">17.2</TD><TD STYLE="text-align: justify">[reserved]</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">17.3</TD><TD STYLE="text-align: justify">Each Underwriter agrees, severally and not jointly, to indemnify and hold harmless BIP, its directors,
its officers who signed the Registration Statement and each person who controls BIP within the meaning of Section&nbsp;15 of the
Securities Act or Section&nbsp;20 of the Exchange Act (for the purposes of this Section&nbsp;17, the &ldquo;<B>Indemnified BIP
Parties</B>&rdquo; and together with the Indemnified Underwriter Parties, the &ldquo;<B>Indemnified Parties</B>&rdquo;) to the
same extent as the indemnity set forth in 17.1(c)&nbsp;and (d)&nbsp;above, but only with respect to any untrue statement or alleged
untrue statement of a material fact or any omission or alleged omission made in reliance upon and in conformity with written information
furnished to BIP by any Underwriter expressly for use in the Registration Statement, any Preliminary Prospectus, the Prospectus
(or any amendment or supplement thereto), any Issuer Free Writing Prospectus, the Disclosure Package or any Subsequent Disclosure
Document, it being understood and agreed that the only such information furnished by any Underwriter consists of the following
information under the heading &ldquo;Underwriting&rdquo; in the Preliminary Prospectus and the Prospectus furnished on behalf of
each Underwriter: the information related to stabilizing transactions, and syndicate covering transactions contained in the ninth,
tenth and twelfth paragraphs thereunder (the &ldquo;<B>Underwriting Information</B>&rdquo;).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">17.4</TD><TD STYLE="text-align: justify">In order to provide for just and equitable contribution in circumstances in which the indemnification
provided for in Section&nbsp;17.1 is unavailable, in whole or in part, for any reason to an Indemnified Underwriter Party in respect
of any liabilities, claims, demands, losses, costs, damages and expenses referred to therein, BIP shall contribute to the amount
paid or payable (or, if such indemnity is unavailable only in respect of a portion of the amount so paid or payable, such portion
of the amount so paid or payable) by such Indemnified Underwriter Party as a result of such liabilities, claims, demands, losses,
costs, damages and expenses:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">in such proportion as is appropriate to reflect the relative benefits received by BIP on the one
hand and the Underwriters on the other hand from the offering of the Units; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">if the allocation provided by clause (a)&nbsp;above is not permitted by applicable law, in such
proportion as is appropriate to reflect not only the relative benefits referred to in clause (a)&nbsp;above but also the relative
fault of BIP, on the one hand, and the Underwriters, on the other hand, in connection with the matters or things referred to in
Section&nbsp;17.1 which resulted in such liabilities, claims, demands, losses, costs, damages or expenses, as well as any other
relevant equitable considerations,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><I>provided</I> that the Underwriters
shall not in any event be liable to contribute, in the aggregate, any amount in excess of the Underwriting Discounts and Commissions
or any portion thereof actually received. The relative benefits received by BIP, on the one hand, and the Underwriters, on the
other hand, shall be deemed to be in the same ratio as the total proceeds from the offering of the Units (net of the Underwriting
Discounts and Commissions payable to the Underwriters but before deducting expenses), received by BIP is to the Underwriting Discounts
and Commissions received by the Underwriters. The relative fault of BIP on the one hand and of the Underwriters on the other hand
shall be determined by reference to, among other things, whether the matters or things referred to in Section&nbsp;17.1 that resulted
in such liabilities, claims, demands, losses, costs, damages and expenses relate to information supplied by or steps or actions
taken or done or not taken or done by or on behalf of BIP or to information supplied by or steps or actions taken or done or not
taken or done by or on behalf of the Underwriters and the relative intent, knowledge, access to information and opportunity to
correct or prevent such statement, omission or misrepresentation, or other matter or thing referred to in Section&nbsp;17.1. The
amount paid or payable by an Indemnified Underwriter Party as a result of the liabilities, claims, demands, losses, costs, damages
and expenses referred to above shall be deemed to include any legal or other expenses reasonably incurred by such Indemnified Underwriter
Party in connection with investigating or defending any such liabilities, claims, demands, losses, costs, damages and expenses,
whether or not resulting in an action, suit, proceeding or claim. The parties agree that it would not be just and equitable if
contribution pursuant to this Section&nbsp;17.4 were determined by any method of allocation which does not take into account the
equitable considerations referred to in this Section&nbsp;17.4. Notwithstanding the provisions of this Section&nbsp;17.4, in no
event shall an Underwriter be required to contribute any amount in excess of the amount by which the total Underwriting Discounts
and Commissions received by such Underwriter with respect to the offering of the Units exceeds the amount of any damages that such
Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission.
No person guilty of fraudulent misrepresentation (within the meaning of Section&nbsp;11(f)&nbsp;of the Securities Act) shall be
entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Underwriters&rsquo; obligations
to contribute pursuant to this Section&nbsp;17.4 are several in proportion to their respective purchase obligations hereunder and
not joint.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">17.5</TD><TD STYLE="text-align: justify">If any claim contemplated by this Section&nbsp;17 shall be asserted against any Indemnified Party,
the Indemnified Party concerned shall promptly notify BIP or the Underwriters, as applicable (referred to interchangeably for purposes
of this Section&nbsp;17 as the &ldquo;<B>Indemnifying Party</B>&rdquo;) of the nature of such claim (<I>provided</I> that any failure
to so notify promptly shall relieve the Indemnifying Party of liability under this Section&nbsp;17 only to the extent that such
failure prejudices the ability of the Indemnifying Party to defend such claim), and the Indemnifying Party shall, subject as hereinafter
provided, be entitled (but not required) to assume the defense of any suit or proceeding (including any governmental or regulatory
investigation or proceeding) brought to enforce such claim. Any such defense shall be through legal counsel acceptable to the Indemnified
Party (whose acceptance shall not be unreasonably withheld) and no admission of liability or settlement shall be made by the Indemnifying
Party or any Indemnified Party in respect of any Indemnified Party without the prior written consent of the other, such consent
not to be unreasonably withheld. An Indemnified Party shall have the right to employ separate counsel in any such suit and participate
in the defense thereof but the fees and expenses of such counsel shall be at the expense of the Indemnified Party unless: (i)&nbsp;the
Indemnifying Party fails to assume the defense of such suit on behalf of the Indemnified Party within a reasonable period of time;
(ii)&nbsp;the employment of such counsel has been authorized in writing by the Indemnifying Party; or (iii)&nbsp;the named parties
to any such suit or proceeding include both the Indemnified Party and the Indemnifying Party and the Indemnified Party shall have
received a written opinion from counsel that there may be one or more legal defenses available to the Indemnified Party which are
different from or in addition to those available to the Indemnifying Party (in which case, if such Indemnified Party notifies the
Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying
Party shall not have the right to assume the defense of such suit or proceeding on behalf of the Indemnified Party and shall be
liable to pay the reasonable fees and expenses of counsel for the Indemnified Party, it being understood, however, the Indemnifying
Party shall not, in connection with any one such action or separate but substantially similar or related actions in the same jurisdiction
arising out of the same general allegations or circumstance, be liable for the reasonable fees and expenses of more than one separate
law firm (in addition to any local counsel) for all such Indemnified Parties). The Indemnifying Party shall not be liable for any
settlement of any action or suit effected without its written consent. It is the intention of BIP to constitute each of the Underwriters
as trustees for the Underwriters&rsquo; directors, officers, employees, affiliates and persons who control any of the Underwriters,
of the covenants of BIP under Section&nbsp;17.1 with respect to the Indemnified Parties and the Underwriters agree to accept such
trust and to hold and enforce such covenants on behalf of such persons. The Indemnifying Party shall not, without the written consent
of the Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party
is or could have been a party and indemnification could have been sought hereunder by such Indemnified Party, unless such settlement
(x)&nbsp;includes an unconditional release of such Indemnified Party, in form and substance reasonably satisfactory to such Indemnified
Party, from all liability on claims that are the subject matter of such proceeding and (y)&nbsp;does not include any statement
as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Party.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">17.6</TD><TD STYLE="text-align: justify">BIP waives all right of contribution by statute or common law which it may have against the Underwriters
in respect of losses, claims, costs, damages or liabilities which it may sustain as a direct or indirect consequence of the Base
Prospectus, any Preliminary Prospectus, the Disclosure Package, the Prospectus (or any amendment or supplement thereto), any Issuer
Free Writing Prospectus, any &ldquo;issuer information&rdquo; filed or required to be filed pursuant to Rule&nbsp;433(d)&nbsp;under
the Securities Act or any Subsequent Disclosure Document or any other document containing or being alleged to contain a misrepresentation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">17.7</TD><TD STYLE="text-align: justify">The rights provided in this Section&nbsp;17 shall be in addition to and not in derogation of any
other right which the Underwriters may have by statute or otherwise at law.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>18</B></TD><TD><B>Expenses</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">18.1</TD><TD STYLE="text-align: justify">Whether or not the Offering is completed, BIP will be responsible for all expenses of or incidental
to the creation, issue, delivery and marketing of the Offering, including without limitation, all reasonable fees and disbursements
of BIP&rsquo;s legal counsel, all fees and disbursements of auditors, prospectus filing fees, rating agency fees and all expenses
related to marketing activities and printing costs; <I>provided, however</I>, that the Underwriters will be responsible for their
 &ldquo;out of pocket&rdquo; expenses and the fees and disbursements of the Underwriters&rsquo; legal counsel. If the Offering is
terminated, other than by reason of a default of one of the Underwriters, BIP shall reimburse the Underwriters for any and all
expenses reasonably incurred by them.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>19</B></TD><TD><B>Several Obligations</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">19.1</TD><TD STYLE="text-align: justify">The obligations of the Underwriters to purchase the Units shall be several and not joint, and the
percentage of the Units that each of the Underwriters shall be severally obligated to purchase is as follows:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 87%; font-size: 10pt; text-align: left">Morgan Stanley&nbsp;&amp; Co. LLC&#9;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">19.0</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">BofA Securities,&nbsp;Inc.&#9;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">19.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">J.P. Morgan Securities LLC&#9;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">19.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">RBC Capital Markets, LLC&#9;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">19.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Wells Fargo Securities, LLC&#9;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">19.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">TD Securities (USA) LLC&#9;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">5.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.375in; font-size: 10pt; text-align: justify">Total&#9;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">100.0</TD><TD STYLE="font-size: 10pt; text-align: left">%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">19.2</TD><TD STYLE="text-align: justify">If one or more of the Underwriters shall fail or refuse to purchase its applicable percentage of
the Units at the Closing Time, and the number of Units not purchased is less than or equal to 5.1% of the aggregate amount of Units
agreed to be purchased by the Underwriters pursuant to this Agreement, each of the other Underwriters shall be obligated to purchase
severally and not jointly, the Units not taken up, on a <I>pro rata</I> basis or as they may otherwise agree as between themselves.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">19.3</TD><TD STYLE="text-align: justify">If one or more of the Underwriters shall fail or refuse to purchase its applicable percentage of
the Units at the Closing Time, and the number of Units not purchased is greater than 5.1% of the aggregate number of Units agreed
to be purchased by the Underwriters pursuant to this Agreement, those of the Underwriters who shall be willing and able to purchase
their respective percentage of the Units shall have the right, but not the obligation, to purchase severally the Units on a <I>pro
rata</I> basis or as they may otherwise agree as between themselves. In the event that such right is not exercised, the Underwriter
or Underwriters that are willing and able to purchase its or their respective percentage of the Units shall be relieved, without
liability, of its or their obligations to purchase its or their respective percentage of the Units on submission to BIP of reasonable
evidence of its or their ability and willingness to fulfill its or their obligations under this Agreement at the Closing Time.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">19.4</TD><TD STYLE="text-align: justify">Notwithstanding anything contained in Sections 19.2 or 19.3, nothing in this Section&nbsp;19 shall
oblige BIP to sell to the Underwriters less than all of the Units. In addition, nothing contained in Sections 19.2 or 19.3 shall
relieve from responsibility to BIP any one of the Underwriters who shall default in its obligation to purchase its respective percentage
of the Units.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>20</B></TD><TD><B>Authority of the Representatives</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">20.1</TD><TD STYLE="text-align: justify">All steps which must or may be taken by the Underwriters in connection with this Agreement, with
the exception of any waiver of a material condition precedent pursuant to Section&nbsp;13, any notice of termination pursuant to
Section&nbsp;14, any settlement of an indemnified claim pursuant to Section&nbsp;17 and any agreement to amend this Agreement,
may be taken by the Representatives on the Underwriters&rsquo; behalf, after consultation with the other Underwriters, and this
is the authority to BIP for accepting notification of any such steps from the Representatives on their behalf without any further
investigation or inquiry.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>21</B></TD><TD><B>Notices</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">21.1</TD><TD STYLE="text-align: justify">Any notices or other communication that may be required or desired to be given pursuant to this
Agreement may be given in writing by telecopier or by hand delivery, delivery or other charges prepaid, and:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>in the case of notice to BIP, be addressed to:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Brookfield Infrastructure Partners L.P.<BR>
73 Front Street, 5<SUP>th</SUP> Floor<BR>
Hamilton, HM 12<BR>
Bermuda</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Attention:</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Corporate
Secretary<BR>
Telecopy:</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(441) 296-4475</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">with a copy (which shall not constitute notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Torys LLP<BR>
1114 Avenue of the Americas<BR>
23rd Floor<BR>
New York, New York 10036-7703</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">U.S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Attention:</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Mile
Kurta<BR>
Telecopy:</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(212) 880-6363</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">in the case of notice to the Underwriters, be addressed to:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Morgan Stanley&nbsp;&amp; Co. LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">1585 Broadway</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">New York, New York 10036</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Attention: Ian Drewe<BR>
Email: Ian.Drewe@morganstanley.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">BofA Securities,&nbsp;Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">1540 Broadway</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">NY8-540-26-02</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">New York, NY 10036</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Facsimile: (646) 855-5958</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Attention: High Grade Transaction Management/Legal</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Email: dg.hg_ua_notices@bofa.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">J.P. Morgan Securities LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">383 Madison Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">New York, New York 10179</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Facsimile: (212) 834-6081</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Attention: Investment Grade Syndicate Desk</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">RBC Capital Markets, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Brookfield Place</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">200 Vesey Street, 8th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">New York, New York 10281</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Facsimile: (212) 428-6308</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Attention: Transaction Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Wells Fargo Securities, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">550 South Tryon Street, 5th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Charlotte, NC 28202</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Attention: Transaction Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Email: tmgcapitalmarkets@wellsfargo.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">TD Securities (USA) LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">31 West 52<SUP>nd</SUP> St., 2<SUP>nd</SUP> Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">New York, New York 10019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Attention: Transaction Management Group</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Email: ustmg@tdsecurities.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">with copies (which shall not constitute notice) to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Milbank LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">55 Hudson Yards</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">New York, New York 10001</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><FONT STYLE="font-size: 10pt">Attention:</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Paul
Denaro and Jonathon Jackson<BR>
Telecopy:</FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">(212) 530-5000</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Any such notice or other communication
shall be deemed to be given at the time telecopied or delivered, if telecopied or delivered to the recipient on a business day
(in New York City) and before 5:00 p.m.&nbsp;(New York City time) on such business day, and otherwise shall be deemed to be given
at 9:00 a.m.&nbsp;(New York City time) on the next following business day (in New York City).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>22</B></TD><TD><B>Recognition of the Special Resolution Regimes</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">22.1</TD><TD STYLE="text-align: justify">In the event that any Underwriter that is a Covered Entity becomes subject to a proceeding under
a Special Resolution Regime, the transfer from such Underwriter of this Agreement, and any interest and obligation in or under
this Agreement, will be effective to the same extent as the transfer would be effective under such Special Resolution Regime if
this Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">22.2</TD><TD STYLE="text-align: justify">In the event that any Underwriter that is a Covered Entity or a BHC Act Affiliate of such Underwriter
becomes subject to a proceeding under a Special Resolution Regime, Default Rights under this Agreement that may be exercised against
such Underwriter are permitted to be exercised to no greater extent than such Default Rights could be exercised under the Special
Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As used in this Section&nbsp;22:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>BHC Act Affiliate</B>&rdquo;
has the meaning assigned to the term &ldquo;affiliate&rdquo; in, and shall be interpreted in accordance with, 12 U.S.C. &sect;
1841(k).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Covered Entity</B>&rdquo; means
any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">a &ldquo;covered entity&rdquo; as that term is defined in, and interpreted in accordance with,
12 C.F.R. &sect; 252.82(b);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">a &ldquo;covered bank&rdquo; as that term is defined in, and interpreted in accordance with, 12
C.F.R. &sect; 47.3(b); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">a &ldquo;covered FSI&rdquo; as that term is defined in, and interpreted in accordance with, 12
C.F.R. &sect; 382.2(b).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Default Right</B>&rdquo; has
the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. &sect;&sect; 252.81, 47.2 or 382.1,
as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;<B>Special Resolution Regime</B>&rdquo;
means each of (i)&nbsp;the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii)&nbsp;Title II of the
Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>23</B></TD><TD><B>Miscellaneous</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.1</TD><TD STYLE="text-align: justify">In connection with the distribution of the Units and the Additional Units, if any, the Underwriters
and members of their selling group (if any) may, in conformity with all applicable laws or effect transactions which stabilize
or maintain the market price of the Units at levels above those which might otherwise prevail on the open market in compliance
with Securities Laws. Such stabilizing transactions, if any, may be discontinued at any time.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.2</TD><TD STYLE="text-align: justify">The representations and warranties contained in this Agreement or in documents submitted pursuant
to this Agreement and in connection with the transactions contemplated hereby shall survive the purchase by the Underwriters of
the Units, and shall continue in full force and effect unaffected by any subsequent disposition by the Underwriters of the Units;
<I>provided </I>that with respect to any action brought in any court of competent jurisdiction in Canada such representations and
warranties shall continue in full force and effect for three years from such date of the issuance of the Units.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.3</TD><TD STYLE="text-align: justify">Time shall be of the essence of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.4</TD><TD STYLE="text-align: justify">This Agreement may be executed in several counterparts by facsimile or electronic PDF copy, each
of which when so executed shall be deemed to be an original but which together will constitute one and the same agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.5</TD><TD STYLE="text-align: justify">This Agreement constitutes the entire agreement between the parties with respect to the subject
matter hereof and supersedes all prior agreements and understandings, both written and oral, among such parties with respect to
the subject matter hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.6</TD><TD STYLE="text-align: justify">If any provision of this Agreement is determined to be void or unenforceable in whole or in part,
it shall be deemed not to affect or impair the validity of any other provision of this Agreement and such void or unenforceable
provision shall be severable from this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.7</TD><TD STYLE="text-align: justify">This Agreement shall be governed by and interpreted in accordance with the laws of the State of
New York.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.8</TD><TD STYLE="text-align: justify">BIP hereby submits to the non-exclusive jurisdiction of the courts of the State of New York in
the City and County of New York and of the United States for the Southern District of New York and the federal and provincial courts
in the Province of Ontario in any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated
hereby. BIP irrevocably and unconditionally waives any objection to the laying of venue of any suit or proceeding arising out of
or relating to this Agreement or the transactions contemplated hereby in the courts of the State of New York in the City and County
of New York and of the United States for the Southern District of New York and the federal and provincial courts in the Province
of Ontario and irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such suit or
proceeding in any such court has been brought in an inconvenient forum. BIP irrevocably appoints Brookfield Infrastructure US Holdings
I Corporation as its authorized agent in the Borough of Manhattan in the City of New York upon which process may be served in any
such suit or proceeding, and agrees that service of process upon such agent, and written notice of said service to BIP by the person
serving the same to the address provided in Section&nbsp;21.1(a), shall be deemed in every respect effective service of process
upon BIP in any such suit or proceeding. BIP further agrees to take any and all action as may be necessary to maintain such designation
and appointment of such agent in full force and effect for a period of seven years from the date of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.9</TD><TD STYLE="text-align: justify">BIP acknowledges and agrees that (a)&nbsp;the purchase and sale of the Units pursuant to this Agreement,
including the determination of the offering price of the Units, and any related discounts and commissions, is an arm&rsquo;s-length
commercial transaction between BIP, on the one hand, and the several Underwriters, on the other hand, (b)&nbsp;in connection with
the Offering and the process leading to such transaction, each Underwriter is and has been acting solely as a principal and is
not the agent or fiduciary of BIP or its unitholders, creditors, employees or any other party, (c)&nbsp;no Underwriter has assumed
or will assume an advisory or fiduciary responsibility in favor of BIP with respect to the Offering or the process leading thereto
(irrespective of whether such Underwriter has advised or is currently advising BIP on other matters) and no Underwriter has any
obligation to BIP with respect to the Offering except the obligations expressly set forth in this Agreement, (d)&nbsp;the Underwriters
and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from those of
BIP, and (e)&nbsp;the Underwriters have not provided any legal, accounting, regulatory or tax advice with respect to the Offering
and BIP has consulted its own legal, accounting, regulatory and tax advisors to the extent it deems appropriate.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.10</TD><TD STYLE="text-align: justify">BIP and each of the Underwriters hereby irrevocably waives, to the fullest extent permitted by
applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the
transactions contemplated hereby.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.11</TD><TD STYLE="text-align: justify">The headings herein are inserted for convenience of reference only and are not intended to be part
of, or to affect the meaning or interpretation of, this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">23.12</TD><TD STYLE="text-align: justify">Counterparts may be delivered via facsimile, electronic mail (including any electronic signature
covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or
other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to
have been duly and validly delivered and be valid and effective for all purposes.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>[Signature Pages&nbsp;Follow]</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please confirm your acceptance of this
offer by signature of an authorized officer or officers in the space set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yours very truly,</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">[<I>Signature page
to the Underwriting Agreement</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Accepted and agreed to as of the date first written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>BROOKFIELD INFRASTRUCTURE PARTNERS L.P.,</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">by its general partner, Brookfield Infrastructure Partners Limited</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: center; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Per:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Anne Schaumburg</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name:&#9;Anne Schaumburg</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title: Director</P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">[<I>Signature page
to the Underwriting Agreement</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: lightgrey"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>MORGAN STANLEY&nbsp;&amp; CO. LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 38%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 41%; text-align: justify"><FONT STYLE="font-size: 10pt">/s/ Ian Drewe</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Name:&#9;Ian Drewe</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Title:&#9;Executive Director</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>BOFA SECURITIES ,&nbsp;INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">/s/ Shawn Cepeda</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Name:&#9;Shawn Cepeda</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Title:&#9;Managing Director</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>J.P. MORGAN SECURITIES LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">/s/ Som Bhattacharyya</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Name:&#9;Som Bhattacharyya</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Title:&#9;Executive Director</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>RBC CAPITAL MARKETS, LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">/s/ Scott G. Primrose</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Name:&#9;Scott G. Primrose</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Title:&#9;Authorized Signatory</P></TD></TR>

<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>WELLS FARGO SECURITIES, LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">/s/ Carolyn Hurley</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Name:&#9;Carolyn Hurley</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Title:&#9;Director</P></TD></TR>

</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>TD SECURITIES (USA) LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 38%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 41%; text-align: justify"><FONT STYLE="font-size: 10pt">/s/ Luiz Lanfredi</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Name:&#9;Luiz Landredi</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Title:&#9;Director</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Schedule A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pricing Term Sheet dated September&nbsp;14, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Brookfield Infrastructure Partners L.P. </B><BR>
Pricing Term Sheet</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">8,000,000 5.125% Class&nbsp;A Preferred
Limited Partnership Units, Series&nbsp;13<BR>
September&nbsp;14, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The information in this pricing term
sheet relates to Brookfield Infrastructure Partners L.P.&rsquo;s offering of its 5.125% Class&nbsp;A Preferred Limited Partnership
Units, Series&nbsp;13 (the &ldquo;Offering&rdquo;) and should be read together with the preliminary prospectus supplement dated
September&nbsp;14, 2020 relating to the Offering (the &ldquo;Preliminary Prospectus Supplement&rdquo;), including the documents
incorporated by reference therein, and the base prospectus dated June&nbsp;21, 2019, filed pursuant to Rule&nbsp;424(b)&nbsp;under
the Securities Act of 1933, as amended. The information in this communication supersedes the information in the Preliminary Prospectus
Supplement and the accompanying base prospectus to the extent inconsistent with the information in the Preliminary Prospectus Supplement
and the accompanying base prospectus. Terms used herein but not defined herein shall have the meanings as set forth in the Preliminary
Prospectus Supplement. All references to dollar amounts are references to U.S. dollars.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 30%"><FONT STYLE="font-size: 10pt">Issuer:</FONT></TD>
    <TD STYLE="vertical-align: top; width: 70%"><FONT STYLE="font-size: 10pt">Brookfield Infrastructure Partners L.P. (&ldquo;BIP&rdquo; or the &ldquo;Partnership&rdquo;)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Security:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">5.125% Class&nbsp;A Preferred Limited Partnership Units, Series&nbsp;13 (the &ldquo;Units&rdquo;)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Size:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">$200,000,000 (8,000,000 Units (&ldquo;Issued Units&rdquo;))</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Liquidation Preference:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">$25.00 per Unit</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Maturity:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Perpetual (unless redeemed by the Partnership (i)&nbsp;prior to October&nbsp;15, 2025, at the Partnership&rsquo;s option, in connection with a Ratings Event; (ii)&nbsp;on or after October&nbsp;15, 2025, at the Partnership&rsquo;s option; and (iii)&nbsp;at any time, in connection with a Change in Tax Law)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Distribution Rate:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">At a rate per annum equal to 5.125% ($1.28125 per unit) only when, as, and if declared.&nbsp;&nbsp;Distributions on the Units are cumulative</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Distribution Payment Dates:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">The fifteenth day of March, June, September&nbsp;and December&nbsp;of each year (or the immediately succeeding Business Day), with the first distribution payable, if declared, on December&nbsp;15, 2020</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Pro-rated Initial Distribution:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">$0.29896 per Unit</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Optional Redemption on or after October&nbsp;15, 2025:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">The Units may be redeemed at the Partnership&rsquo;s option, in whole or in part, at any time on or after October&nbsp;15, 2025, at a price of $25.00 per Unit, plus an amount equal to all accrued and unpaid distributions thereon to, but excluding, the date of redemption, whether or not declared.&nbsp;&nbsp;Holders of the Units will have no right to require the redemption of the Units.</FONT></TD>
    </TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 30%"><FONT STYLE="font-size: 10pt">Optional Redemption Upon a Ratings Event:</FONT></TD>
    <TD STYLE="vertical-align: top; width: 70%"><FONT STYLE="font-size: 10pt">If a Ratings Event occurs prior to October&nbsp;15, 2025, the Units may be redeemed at the Partnership&rsquo;s option, in whole but not in part, within 120 days after the conclusion of any review or appeal process instituted by the Partnership following the occurrence of a Ratings Event, at a price of $25.50 per Unit (102% of the liquidation preference), plus an amount equal to all accrued and unpaid distributions thereon to, but excluding, the date fixed for redemption, whether or not declared.</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Optional Redemption Upon a Change in Tax Law:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">The Partnership will have the option to redeem all but not less than all of the Units at a redemption price of $25.00 per Unit, if as a result of a Change in Tax Law, there is, in the Partnership&rsquo;s reasonable determination, a substantial probability that the Partnership or any Successor Entity would become obligated to pay any additional amounts on the immediately succeeding distribution payment date with respect to the Units and the payment of those additional amounts cannot be avoided by the use of any reasonable measures available to the Partnership or any Successor Entity.</FONT></TD>
    </TR>

<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Trade Date:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">September&nbsp;14, 2020</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Expected Settlement Date:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">September&nbsp;21, 2020 (T+5)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Price to Public:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">$25.00 per Unit ($200,000,000 in the aggregate)</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Underwriting Discounts and Commissions:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">$0.7875 per Unit for retail investors ($1,638,000 in the aggregate)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">$0.50 per Unit for institutional investors ($2,960,000 in the
        aggregate)</P></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Net Proceeds (before<BR>
expenses) to the Partnership:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">$195,402,000</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Listing:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">The Partnership will apply to list the Units on the New York Stock Exchange under the symbol &ldquo;BIP PR A.&rdquo;</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">CUSIP/ISIN:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">G16252 267 / USG162522670</FONT></TD>
    </TR>
<TR>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Anticipated Rating*:</FONT></TD>
    <TD STYLE="padding-top: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">[Omitted]</FONT></TD>
    </TR>
</TABLE>

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<P STYLE="margin: 0"></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%"><FONT STYLE="font-size: 10pt">Joint Book-Running Managers:</FONT></TD>
    <TD STYLE="width: 70%"><FONT STYLE="font-size: 10pt">Morgan Stanley&nbsp;&amp; Co. LLC <BR>
BofA Securities,&nbsp;Inc.<BR>
J.P. Morgan Securities LLC <BR>
RBC Capital Markets, LLC<BR>
Wells Fargo Securities, LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-size: 10pt">Co-Manager:</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-size: 10pt">TD Securities (USA) LLC (together with the Joint Book-Running Managers, the &ldquo;Underwriters&rdquo;)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>*</B></TD><TD STYLE="text-align: justify"><B>Note: A securities rating is not a recommendation to buy, sell or hold securities and may be
subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>The Partnership has filed a registration
statement (including a prospectus and a prospectus supplement) with the SEC for the offering to which this communication relates.
Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents
the Partnership has filed with the SEC for more complete information about the Partnership and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the prospectus and prospectus supplement if you request it by calling Morgan
Stanley&nbsp;&amp; Co. LLC toll free at 1-866-718-1649, BofA Securities,&nbsp;Inc. toll-free at 1-800-294-1322, J.P.&nbsp;Morgan
Securities LLC collect at 1-212-834-4533, RBC Capital Markets, LLC toll-free at 1--866-375-6829, Wells Fargo Securities, LLC toll-free
at 1-800-645-3751 or TD Securities (USA) LLC at 1-855-495-9846.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Schedule B</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;List of BIP Entities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brookfield Infrastructure Partners L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brookfield Infrastructure L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BIPC Holdings Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brookfield Infrastructure Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BUUK Infrastructure (Jersey) Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">DBCT Management Pty Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Arc Infrastructure Holdings No.&nbsp;1 Pty Ltd</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Nova Transportadora do Sudeste S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Genesee&nbsp;&amp; Wyoming Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>3
<FILENAME>tm2022703d4_ex3-1.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 3.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BROOKFIELD INFRASTRUCTURE PARTNERS
L.P.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">THIRD AMENDMENT TO THE<BR>
AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>THIS AMENDMENT </B>(the
 &ldquo;<B>Amendment</B>&rdquo;) to the Amended and Restated Limited Partnership Agreement dated as of February 16, 2018 (the &ldquo;<B>Agreement</B>&rdquo;)
of Brookfield Infrastructure Partners L.P. (the &ldquo;<B>Partnership</B>&rdquo;) is made as of the 21st day of September, 2020,
by the undersigned. Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, on March
12, 2015, the limited partnership agreement of the Partnership was amended to allow for preferred limited partnership interests
in the Partnership and to create the Class A Preferred Limited Partnership Units;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>AND WHEREAS</B>, the
General Partner desires to amend the Agreement to create an additional series of Class A Preferred Limited Partnership Units having
the rights and restrictions set out in Part XIV of Schedule A to this Amendment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>AND WHEREAS</B>, pursuant
to Section 14.1 of the Agreement, subject to compliance with the requirements of the Limited Partnership Act and the Exempted Partnerships
Act, the General Partner (pursuant to its power of attorney from the Limited Partners), without the approval of any Limited Partner,
may amend any provision of the Agreement to reflect certain changes, including, as provided for in Section 14.1.6 of the Agreement,
an amendment that the General Partner determines in its sole discretion to be necessary or appropriate for the creation, authorization
or issuance of any class or series of Partnership Interests;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>AND WHEREAS</B>, the
General Partner desires to amend the Agreement as set out herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>NOW THEREFORE</B>,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">Section 1.1.2 is hereby deleted in its entirety and replaced with the following:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0in">&ldquo;<B>Agreement</B>&rdquo;
means this Amended and Restated Limited Partnership Agreement of Brookfield Infrastructure Partners L.P., as amended by the First
Amendment to the Amended and Restated Limited Partnership Agreement of the Partnership dated as of September 12, 2018, the Second
Amendment to the Amended and Restated Limited Partnership Agreement of the Partnership dated as of February 27, 2020, and the Third
Amendment to the Amended and Restated Limited Partnership Agreement of the Partnership dated as of September 21, 2020;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">Schedule A of the Agreement is hereby amended by adding Part XIV of Schedule A to this Amendment
as Part XIV of Schedule A of the Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">This amendment shall be effective as of the 21st day of September, 2020.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">This amendment shall be governed by and construed in accordance with the laws of Bermuda.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">Except as modified herein, all terms and conditions of the Agreement shall remain in full force
and effect.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify">This Amendment may be executed in any number of counterparts, each of which shall be deemed to
be an original and all of which shall be construed together as one agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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of this page left blank intentionally]</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>IN WITNESS WHEREOF</B>,
the General Partner has executed this Amendment as of the 21st day of September, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD>&nbsp;</TD>
<TD COLSPAN="3" STYLE="vertical-align: bottom"><B>GENERAL PARTNER:</B> <B><BR>
BROOKFIELD INFRASTRUCTURE <BR>
PARTNERS LIMITED</B> &nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
<TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
<TD STYLE="text-align: left; font-size: 10pt">By:</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: justify; font-size: 10pt">/s/ Jane Sheere</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
<TD STYLE="text-align: justify; font-size: 10pt; width: 3%">&nbsp;</TD>
<TD STYLE="text-align: left; font-size: 10pt; width: 5%">Name :</TD>
<TD STYLE="text-align: left; font-size: 10pt; width: 42%">Jane Sheere</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
<TD STYLE="text-align: left; font-size: 10pt">&nbsp;</TD>
<TD>Title:</TD>
<TD>Secretary &nbsp; &nbsp; &nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><I>[Third Amendment
to BIP A&amp;R LPA]</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE&nbsp;A</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART XIV</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Number and Designation of and Rights,
Privileges, Restrictions and Conditions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Attaching to the Class A Preferred
Limited Partnership Units, Series 13</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The thirteenth series
of Class A Preferred Limited Partnership Units of the Partnership shall consist of preferred limited partnership interests designated
as Class A Preferred Limited Partnership Units, Series 13 (the &ldquo;<B>Series 13 Preferred Units</B>&rdquo;) and, in addition
to the rights, privileges, restrictions and conditions attaching to the Class A Preferred Limited Partnership Units as a class,
shall have attached thereto the following rights, privileges, restrictions and conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Definitions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">For the purposes
hereof, the following capitalized terms shall have the following meanings, unless the context otherwise requires:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Additional
Amounts</B>&rdquo; has the meaning specified in Section 2(B)(e)(i) to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Arrears</B>&rdquo;
means, with respect to the Series 13 Distributions, the full cumulative Series 13 Distributions through the most recent Series
13 Distribution Payment Date that have not been paid on all Outstanding Series 13 Preferred Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Assignee</B>&rdquo;
means a Person to whom one or more Partnership Interests have been transferred in a manner permitted under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Change
in Tax Law</B>&rdquo; means (i) a change in or amendment to laws, regulations or rulings of any Relevant Taxing Jurisdiction, (ii)
a change in the official application or interpretation of those laws, regulations or rulings, (iii) any execution of or amendment
to any treaty affecting taxation to which any Relevant Taxing Jurisdiction is party or (iv) a decision rendered by a court of competent
jurisdiction in any Relevant Taxing Jurisdiction, whether or not such decision was rendered with respect to the Partnership, in
each case described in (i)-(iv) above occurring after September 14, 2020; provided that in the case of a Relevant Taxing Jurisdiction
other than Bermuda in which a Successor Entity is organized, such Change in Tax Law must occur after the date on which the Partnership
consolidates, merges or amalgamates (or engages in a similar transaction) with the Successor Entity, or conveys, transfers or leases
substantially all of the Partnership&rsquo;s properties and assets to the Successor Entity, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Depositary</B>&rdquo;
means, with respect to any Series 13 Preferred Units issued in global form, The Depository Trust Company and its successors and
permitted assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Equity
Credit</B>&rdquo; means the dollar amount or percentage in relation to the stated liquidation preference amount of $25.00 per Series
13 Preferred Unit assigned to the Series 13 Preferred Units, as equity, rather than debt, by a Rating Agency in evaluating the
capital structure of an entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>NYSE</B>&rdquo;
means the New York Stock Exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Paying
Agent</B>&rdquo; means the Series 13 Transfer Agent, acting in its capacity as paying agent for the Series 13 Preferred Units,
and its respective successors and assigns or any other paying agent appointed by the General Partner; provided, however, that if
no Paying Agent is specifically designated for the Series 13 Preferred Units, the General Partner shall act in such capacity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Rating
Agency</B>&rdquo; means (a) S&amp;P and (b) if S&amp;P ceases to rate the Series 13 Preferred Units or fails to make a rating of
the Series 13 Preferred Units, as the case may be, for reasons outside of the Partnership&rsquo;s control, for Series 13 Preferred
Units, a &ldquo;nationally recognized statistical rating organization&rdquo; as defined in Section 3(a)(62) under the Securities
Exchange Act selected by the General Partner as a replacement agency for S&amp;P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Relevant
Date</B>&rdquo; has the meaning specified in Section 2(B)(e)(ii) to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Relevant
Taxing Jurisdiction</B>&rdquo; means (i) Bermuda or any political subdivision or governmental authority of or in Bermuda with the
power to tax, (ii) any jurisdiction from or through which the Partnership or the Paying Agent is making payments on the Series
13 Preferred Units or any political subdivision or governmental authority of or in that jurisdiction with the power to tax or (iii)
any other jurisdiction in which the Partnership or a Successor Entity is organized or generally subject to taxation or any political
subdivision or governmental authority of or in that jurisdiction with the power to tax.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>S&amp;P</B>&rdquo;
means S&amp;P Global Ratings, a division of S&amp;P Global Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Current Criteria</B>&rdquo; means the Equity Credit criteria of a Rating Agency for securities such as the Series 13 Preferred
Units, as such criteria are in effect as of the Series 13 Original Issue Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Distribution Payment Date</B>&rdquo; means the fifteenth day of each of March, June, September and December of each year; provided
however, that if any Series 13 Distribution Payment Date would otherwise occur on a day that is not a Business Day, such Series
13 Distribution Payment Date shall instead be on the immediately succeeding Business Day without the accrual of additional distributions;
<I>provided further</I>, that the Series 13 Distribution Payment Date for the initial Series 13 Distribution Period shall be December
15, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Distribution Period</B>&rdquo; means a period of time from and including the preceding Series 13 Distribution Payment Date to,
but excluding, the next Series 13 Distribution Payment Date for such Series 13 Distribution Period (other than the initial Series
13 Distribution Period, which means a period of time from and including the Series 13 Original Issue Date to, but excluding, December
15, 2020).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Distribution Rate</B>&rdquo; means an annual rate equal to 5.125% of the Series 13 Liquidation Preference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Distribution Record Date</B>&rdquo; has the meaning given to such term in Section 2(B)(b)(iii) to this Part XIV of Schedule
A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Distributions</B>&rdquo; means distributions with respect to Series 13 Preferred Units pursuant to Section 2(B)(b) to this Part
XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Holder</B>&rdquo; means a Record Holder of Series 13 Preferred Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Junior Securities</B>&rdquo; means any class or series of Partnership Interests that, with respect to distributions on such
Partnership Interests and distributions upon dissolution, liquidation or winding-up of the Partnership, whether voluntary or involuntary,
pursuant to Article 13 of the Agreement, ranks junior to the Series 13 Preferred Units, including Equity Units and the General
Partner Units, but excluding any Series 13 Parity Securities and Series 13 Senior Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Liquidation Preference</B>&rdquo; means a liquidation preference for each Series 13 Preferred Unit equal to $25.00 per unit
(subject to adjustment for any splits, combinations or similar adjustments to the Series 13 Preferred Units).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Original Issue Date</B>&rdquo; means September 21, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Parity Securities</B>&rdquo; means (i) every class or series of the Class A Preferred Units and Series 13 Preferred Units and
(ii)&nbsp;any class or series of Partnership Interests established after the Series 13 Original Issue Date by the General Partner,
the terms of which class or series pursuant to written agreement expressly provide that it ranks on parity in right of payment
with the Series 13 Preferred Units as to distributions and amounts payable upon dissolution, liquidation or winding-up of the Partnership,
whether voluntary or involuntary, pursuant to Article 13 of the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Preferred Units</B>&rdquo; has the meaning given to such term in the preamble to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Ratings Event</B>&rdquo; means a change by any Rating Agency to the Series 13 Current Criteria, which change results in (i)
any shortening of the length of time for which the Series 13 Current Criteria are scheduled to be in effect with respect to the
Series 13 Preferred Units or (ii) a lower Equity Credit being given to the Series 13 Preferred Units than the Equity Credit that
would have been assigned to the Series 13 Preferred Units by such Rating Agency pursuant to its Series 13 Current Criteria.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Redemption Date</B>&rdquo; has the meaning given such term in Section 2(B)(d)(i) to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Redemption Notice</B>&rdquo; has the meaning given such term in Section 2(B)(d)(ii) to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Redemption Payments</B>&rdquo; means payments to be made to the Series 13 Holders to redeem Series 13 Preferred Units in accordance
with Section 2(B)(d) to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Redemption Price</B>&rdquo; has the meaning given such term in Section 2(B)(d)(i) to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Senior Securities</B>&rdquo; means any class or series of Partnership Interests established after the Series 13 Original Issue
Date by the General Partner, the terms of which class or series pursuant to written agreement expressly provide that it ranks senior
to the Series 13 Preferred Units as to distributions and amounts payable upon dissolution, liquidation or winding-up of the Partnership,
whether voluntary or involuntary, pursuant to Article 13 of the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Transfer Agent</B>&rdquo; means Computershare Inc., and its successors and assigns, or any other transfer agent and registrar
appointed by the General Partner for the Series 13 Preferred Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Successor
Entity</B>&rdquo; means an entity formed by a consolidation, merger, amalgamation or other similar transaction involving the Partnership
or an entity to which the Partnership conveys, transfers or leases substantially all its properties and assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Tax
Event</B>&rdquo; has the meaning specified in Section 2(B)(d)(i) to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>2.</B></TD><TD STYLE="text-align: left"><B>Terms of Series 13 Preferred Units</B>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.3in">A.</TD><TD STYLE="text-align: justify"><U>General</U>. Each Series 13 Preferred Unit shall be identical in all respects to every other Series
13 Preferred Unit, except as to the respective dates from which the Series 13 Liquidation Preference shall increase or from which
Series 13 Distributions may begin accruing, to the extent such dates may differ. The Series 13 Preferred Units represent perpetual
interests in the Partnership and shall not give rise to a claim by the Partnership or a Series 13 Holder for conversion or, except
as set forth in Section 2(B)(d) to this Part XIV of Schedule A, redemption thereof at a particular date.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">B.</TD><TD STYLE="text-align: justify"><U>Rights of Series 13 Preferred Units</U>. The Series 13 Preferred Units shall have the following
rights, preferences and privileges and shall be subject to the following duties and obligations:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: left"><U>Series 13 Preferred Units</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">The authorized number of Series 13 Preferred Units shall be unlimited. Series 13 Preferred Units that
are purchased or otherwise acquired by the Partnership shall be cancelled.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: justify">The Series 13 Preferred Units shall be represented by one or more global Certificates registered in
the name of the Depositary or its nominee, and no Series 13 Holder shall be entitled to receive a definitive Certificate evidencing
its Series 13 Preferred Units, unless otherwise required by law or the Depositary gives notice of its intention to resign or is
no longer eligible to act as such with respect to the Series 13 Preferred Units and the General Partner shall have not selected
a substitute Depositary within sixty (60) calendar days thereafter. So long as the Depositary shall have been appointed and is
serving with respect to the Series 13 Preferred Units, payments and communications made by the Partnership to Series 13 Holders
shall be made by making payments to, and communicating with, the Depositary.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: left"><U>Distributions</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">Distributions on each Outstanding Series 13 Preferred Unit shall be cumulative and shall accrue at
the applicable Series 13 Distribution Rate from and including the Series 13 Original Issue Date (or, for any subsequently issued
and newly Outstanding Series 13 Preferred Units, from and including the Series 13 Distribution Payment Date immediately preceding
the issue date of such Series 13 Preferred Units) until such time as the Partnership pays the Series 13 Distribution or redeems
such Series 13 Preferred Unit in accordance with Section 2(B)(d) to this Part XIV of Schedule A, whether or not such Series 13
Distributions shall have been declared. Series 13 Holders shall be entitled to receive Series 13 Distributions from time to time
out of any assets of the Partnership legally available for the payment of distributions at the Series 13 Distribution Rate per
Series 13 Preferred Unit when, as, and, if declared by the General Partner. Series 13 Distributions, to the extent declared by
the General Partner to be paid by the Partnership in accordance with this Section&nbsp;2(B)(b) to this Part XIV of Schedule A,
shall be paid, in Arrears, on each Series 13 Distribution Payment Date. Series 13 Distributions shall accrue in each Series 13
Distribution Period, provided that distributions shall accrue on accrued but unpaid Series 13 Distributions at the Series 13 Distribution
Rate. If any Series 13 Distribution Payment Date otherwise would occur on a date that is not a Business Day, declared Series 13
Distributions shall be paid on the immediately succeeding Business Day without the accrual of additional distributions. Series
13 Distributions shall be payable based on a 360-day year consisting of twelve 30-day months. All Series 13 Distributions that
are (1) accrued and unpaid or (2) payable by the Partnership pursuant to this Section 2(B)(b) or 2(B)(e)(i) to this Part XIV of
Schedule A shall be payable without regard to the income of the Partnership and shall be treated for U.S. federal income tax purposes
as guaranteed payments for the use of capital under Section 707(c) of the Code, including for the purpose of determining income,
gain, loss, and expense of the Partnership and maintaining capital accounts, unless there is a change in Tax law or administrative
practice that requires treatment other than as guaranteed payments for U.S. federal income tax purposes, as determined in the sole
discretion of the General Partner. For U.S. federal income tax purposes, the deduction attributable to any amount treated as a
guaranteed payment shall be specially allocated to the Partners in a manner determined by the General Partner in its sole discretion
that is not inconsistent with the applicable provisions of the Code and Treasury Regulations. Such guaranteed payments with respect
to any Series 13 Distribution Period shall be for the account of Series 13 Holders as of the applicable Series 13 Distribution
Record Date, or as otherwise reasonably determined by the General Partner.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: left">[Intentionally Omitted]</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iii.</TD><TD STYLE="text-align: justify">Not later than 5:00 p.m., New York City time, on each Series 13 Distribution Payment Date, the Partnership
shall pay those Series 13 Distributions, if any, that shall have been declared by the General Partner to Series 13 Holders on the
Record Date for the applicable Series 13 Distribution. The Record Date (the &ldquo;<B>Series 13 Distribution Record Date</B>&rdquo;)
for the payment of any Series 13 Distributions shall be the last business day of the calendar month prior to the applicable Series
13 Distribution Payment Date, or such other record date as may be fixed by the General Partner in accordance with this Section
2 to this Part XIV of Schedule A. So long as any Series 13 Preferred Units are Outstanding, no distribution shall be declared or
paid or set aside for payment on any Series 13 Junior Securities (other than a distribution payable solely in Series 13 Junior
Securities) unless all accrued and unpaid Series 13 Distributions up to and including such distributions payable for the last completed
Series 13 Distribution Period, and all accrued and unpaid distributions up to and including the distribution payable for the last
completed period for which distributions were payable on all Series 13 Preferred Units and Series 13 Parity Securities, have been
declared and paid or set apart for payment; provided, however, notwithstanding anything to the contrary in this Section 2(B)(b)(iii)
to this Part XIV of Schedule A, if a distribution period with respect to a class of Series 13 Junior Securities or Series 13 Parity
Securities is shorter than the Series 13 Distribution Period, the General Partner may declare and pay regular distributions with
respect to such Series 13 Junior Securities or Series 13 Parity Securities, so long as, at the time of declaration of such distribution,
(i)&nbsp;there are no Series 13 Distributions in Arrears, and (ii) the General Partner expects to have sufficient funds to pay
the full distribution in respect of the Series 13 Preferred Units on the next successive Series 13 Distribution Payment Date. Accrued
Series 13 Distributions in Arrears for any past Series 13 Distribution Period may be declared by the General Partner and paid on
any date fixed by the General Partner, whether or not a Series 13 Distribution Payment Date, to Series 13 Holders on the Record
Date for such payment, which may not be less than 10 days before such payment date. Subject to the next succeeding sentence, if
all accrued Series 13 Distributions in Arrears on all Outstanding Series 13 Preferred Units and all accrued distributions in arrears
on any Series 13 Preferred Units and any Series 13 Parity Securities shall not have been declared and paid, or if sufficient funds
for the payment thereof shall not have been set apart, payment of accrued distributions in Arrears on the Series 13 Preferred Units
and accrued distributions in arrears on any such Series 13 Parity Securities shall be made in order of their respective distribution
payment dates, commencing with the earliest distribution payment date. If less than all distributions payable with respect to all
Series 13 Preferred Units and any other Series 13 Parity Securities are to be paid for any distribution period, any partial payment
shall be made pro rata with respect to the Series 13 Preferred Units and any such other Series 13 Parity Securities entitled to
a distribution payment at such time in proportion to the aggregate distribution amounts remaining due in respect of such Series
13 Preferred Units and such other Series 13 Parity Securities, if any, at such time and apportioned equally among them in accordance
with the relative amount to be paid or allocated to each group. For purposes of the preceding sentence, each distribution period
for the Series 13 Preferred Units that ends on the fifteenth day of March, June, September or December of any year shall be deemed
the same distribution period as the distribution period for Series 13 Parity Securities that ends on the last day of March, June,
September or December, respectively, of such year. Subject to Sections 13.3 of the Agreement and Section 2(B)(g) to this Part XIV
of Schedule A, Series 13 Holders shall not be entitled to any distribution, whether payable in cash, property or Partnership Interests,
in excess of full cumulative Series 13 Distributions. Except insofar as distributions accrue on the amount of any accrued and unpaid
Series 13 Distributions as described in Section 2(B)(b)(i) to this Part XIV of Schedule A, no interest or sum of money in lieu
of interest shall be payable in respect of any distribution payment which may be in Arrears on the Series 13 Preferred Units. So
long as the Series 13 Preferred Units are held of record by the Depositary or its nominee, declared Series 13 Distributions shall
be paid to the Depositary in same-day funds on each Series 13 Distribution Payment Date or other distribution payment date in the
case of payments for Series 13 Distributions in Arrears. If on any Series 13 Distribution Payment Date, the Series 13 Distributions
accrued to such date are not paid in full on all of the Series 13 Preferred Units then Outstanding, such Series 13 Distributions,
or the unpaid part thereof, shall be paid on a subsequent date or dates determined by the General Partner on which the Partnership
shall have sufficient monies legally available for such Series 13 Distributions under Bermuda law.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">c.</TD><TD STYLE="text-align: left"><U>Voting Rights</U>.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">Notwithstanding anything to the contrary in this Agreement, the Series 13 Preferred Units shall not
have any voting rights or rights to consent or approve any action or matter, except as set forth in clause (ii) below and in Section
5.4 of Part I of Schedule A to this Agreement, this Section 2(B)(c) to this Part XIV of Schedule A or as otherwise required by
Bermuda law.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: justify">The Series 13 Holders shall not have any right or authority to act for or bind the Partnership or
to take part or in any way to interfere in the conduct or management of the Partnership or (except as otherwise provided by law
and except for meetings of the holders of Class A Preferred Limited Partnership Units as a class and meetings of the Series 13
Holders as a series, in each case in respect of matters which limited partners may properly vote under Bermuda law) be entitled
to receive notice of, attend, or vote at any meeting of unitholders of the Partnership unless and until the Partnership shall have
failed to pay eight quarterly Series 13 Distributions, whether or not consecutive and whether or not such distributions have been
declared and whether or not there are any monies of the Partnership legally available for distributions under Bermuda law. In the
event of such non-payment, and for only so long as any such distributions remain in Arrears, the Holders will be entitled to receive
notice of and to attend each meeting of unitholders of the Partnership (other than any meetings at which only holders of another
specified class or series are entitled to vote) and such Holders shall have the right, at any such meeting, to one vote for each
Series 13 Preferred Unit held. No other voting rights shall attach to the Series 13 Preferred Units in any circumstances. Upon
payment of the entire amount of all cumulative preferential cash distributions in Arrears, the voting rights of the Series 13 Holders
shall forthwith cease (unless and until the same default shall again arise under the provisions of this Section 2(B)(c)(ii) to
this Part XIV of Schedule A).</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iii.</TD><TD STYLE="text-align: justify">Notwithstanding anything to the contrary in this Agreement or as otherwise required by Bermuda law,
the General Partner shall not adopt any amendment to the Partnership Agreement that has a material adverse effect on the powers,
preferences, duties or special rights of the Series 13 Preferred Units unless such amendment (i) is approved by a resolution signed
by Series 13 Holders owning not less than the percentage of the Series 13 Preferred Units that would be necessary to authorize
such action at a meeting of Series 13 Holders at which all Series 13 Holders were present and voted or were represented by proxy
or (ii) is passed by an affirmative vote of at least 66 2/3% of the votes cast at a meeting of Series 13 Holders duly called for
that purpose and at which the holders of at least 25% of the outstanding Series 13 Preferred Units are present or represented by
proxy; provided, however, that (x) subject to Section 5.4 of Part I of Schedule A to this Agreement, the issuance of additional
Partnership Interests (and any amendment to this Agreement in connection therewith) shall not be deemed to constitute such a material
adverse effect for purposes of this Section 2(B)(c)(ii) to this Part XIV of Schedule A and (y) for purposes of this Section 2(B)(c)(ii)
to this Part XIV of Schedule A, no amendment of this Agreement in connection with a merger or other transaction in which the Partnership
is the surviving entity and the Series 13 Preferred Units remain Outstanding with the terms thereof materially unchanged in any
respect adverse to the Series 13 Holders shall be deemed to materially and adversely affect the powers, preferences, duties, or
special rights of the Series 13 Preferred Units. If at any such meeting the holders of Series 13 Preferred Units of at least 25%
of the then Outstanding Series 13 Preferred Units are not present or represented by proxy within one-half hour after the time appointed
for such meeting, then the meeting shall be adjourned to such date not less than five (5) days thereafter and to such time and
place as may be designated by the chairman of such meeting. At such adjourned meeting, the Series 13 Holders present or represented
by proxy may transact the business for which the meeting was originally called and the Series 13 Holders then present or represented
by proxy shall form the necessary quorum.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iv.</TD><TD STYLE="text-align: justify">For any matter described in this Section 2(B)(c) to this Part XIV of Schedule A in which the Series
13 Holders are entitled to vote as a series (whether separately or together with the holders of any Series 13 Parity Securities),
such Series 13 Holders shall be entitled to one vote per Series 13 Preferred Unit. The proxy rules applicable to, the formalities
to be observed in respect of the giving notice of, and the formalities to be observed in respect of the conduct of, any meeting
or any adjourned meeting of Series 13 Holders shall be those from time to time prescribed by the Agreement with respect to meetings
of unitholders or, if not so prescribed, as required by law. Any Series 13 Preferred Units held by the Partnership or any of its
Subsidiaries or their Affiliates shall not be entitled to vote.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">v.</TD><TD STYLE="text-align: justify">Notwithstanding Section 2(B)(c)(ii) to this Part XIV of Schedule A and Section 5.4 of Part I of Schedule
A to this Agreement, no vote of the Series 13 Holders shall be required if, at or prior to the time when such action is to take
effect, provision is made for the redemption of all Series 13 Preferred Units at the time Outstanding.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">d.</TD><TD STYLE="text-align: left"><U>Optional Redemption; Series 13 Ratings Event; Change in Tax Law</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">The Partnership shall have the right (i)&nbsp;at any time, and from time to time, on or after October
15, 2025, in whole or in part, (ii)&nbsp;prior to October 15, 2025, at any time within 120 days after the conclusion of any review
or appeal process instituted by the Partnership following the occurrence of a Series 13 Ratings Event, in whole but not in part,
or (iii) if as a result of a Change in Tax Law there is, in the Partnership&rsquo;s reasonable determination, a substantial probability
that the Partnership or any Successor Entity would become obligated to pay any Additional Amounts on the next succeeding Series
13 Distribution Payment Date and the payment of those Additional Amounts cannot be avoided by the use of any reasonable measures
available to the Partnership or any Successor Entity (a &ldquo;<B>Tax Event</B>&rdquo;), in whole but not in part, to redeem the
Series 13 Preferred Units, using any source of funds legally available for such purpose. Any such redemption shall occur on a date
set by the General Partner (the &ldquo;<B>Series 13 Redemption Date</B>&rdquo;). The Partnership shall effect any such redemption
by paying cash for each Series 13 Preferred Unit to be redeemed equal to 100% (in the case of a redemption described in clauses
(i) and (iii) of this Section 2(B)(d)(i) to this Part XIV of Schedule A), or 102% (in the case of a redemption described in clause
(ii) of this Section 2(B)(d)(i) to this Part XIV of Schedule A), of the Series 13 Liquidation Preference for such Series 13 Preferred
Unit on such Series 13 Redemption Date plus an amount equal to all unpaid Series 13 Distributions thereon from the Series 13 Original
Issue Date to, but excluding, the Series 13 Redemption Date (whether or not such distributions shall have been declared) (the &ldquo;<B>Series
13 Redemption Price</B>&rdquo;). So long as the Series 13 Preferred Units to be redeemed are held of record by the Depositary or
the nominee of the Depositary, the Series 13 Redemption Price shall be paid by the Paying Agent to the Depositary on the Series
13 Redemption Date.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: justify">The Partnership shall give notice of any redemption by mail, postage prepaid, not less than 30 days
and not more than 60 days before the scheduled Series 13 Redemption Date to the Series 13 Holders (as of 5:00 p.m. New York City
time on the Business Day next preceding the day on which notice is given) of any Series 13 Preferred Units to be redeemed as such
Series 13 Holders&rsquo; names appear on the books of the Series 13 Transfer Agent and at the address of such Series 13 Holders
shown therein. Such notice (the &ldquo;<B>Series 13 Redemption Notice</B>&rdquo;) shall state, as applicable: (1) the Series 13
Redemption Date, (2) the number of Series 13 Preferred Units to be redeemed and, if less than all Outstanding Series 13 Preferred
Units are to be redeemed, the number (and in the case of Series 13 Preferred Units in certificated form, the identification) of
Series 13 Preferred Units to be redeemed from such Series 13 Holder, (3) the Series 13 Redemption Price, (4) the place where any
Series 13 Preferred Units in certificated form are to be redeemed and shall be presented and surrendered for payment of the Series
13 Redemption Price therefor (which shall occur automatically if the Certificate representing such Series 13 Preferred Units is
issued in the name of the Depositary or its nominee), and (5)&nbsp;that distributions on the Series 13 Preferred Units to be redeemed
shall cease to accrue from and after such Series 13 Redemption Date. So long as the Series 13 Preferred Units are held of record
by the Depositary or its nominee, the Partnership shall give notice, or cause notice to be given, to the Depositary.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iii.</TD><TD STYLE="text-align: justify">If less than all of the then Outstanding Series 13 Preferred Units are at any time to be redeemed,
then the particular Series 13 Preferred Units to be redeemed shall be selected on a pro rata basis disregarding fractions or in
such manner as the General Partner in its sole discretion may, by resolution determine. The aggregate Series 13 Redemption Price
for any such partial redemption of the Outstanding Series 13 Preferred Units shall be allocated correspondingly among the redeemed
Series 13 Preferred Units. The Series 13 Preferred Units not redeemed shall remain Outstanding and entitled to all the rights,
preferences and duties provided in this Section 2 to this Part XIV of Schedule A.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iv.</TD><TD STYLE="text-align: justify">If the Partnership gives or causes to be given a Series 13 Redemption Notice, the Partnership shall
deposit with the Paying Agent funds sufficient to redeem the Series 13 Preferred Units as to which such Series 13 Redemption Notice
shall have been given, no later than 10:00 a.m. New York City time on the Series 13 Redemption Date, and shall give the Paying
Agent irrevocable instructions and authority to pay the Series 13 Redemption Price to each Series 13 Holder whose Series 13 Preferred
Units are to be redeemed upon surrender or deemed surrender (which shall occur automatically if the Certificate representing such
Series 13 Preferred Units is issued in the name of the Depositary or its nominee) of the Certificates therefor as set forth in
the Series 13 Redemption Notice. If a Series 13 Redemption Notice shall have been given, from and after the Series 13 Redemption
Date, unless the Partnership defaults in providing funds sufficient for such redemption at the time and place specified for payment
pursuant to the Series 13 Redemption Notice, all Series 13 Distributions on such Series 13 Preferred Units to be redeemed shall
cease to accrue and all rights of holders of such Series 13 Preferred Units as Limited Partners with respect to such Series 13
Preferred Units to be redeemed shall cease, except the right to receive the Series 13 Redemption Price, and such Series 13 Preferred
Units shall not thereafter be transferred on the books of the Series 13 Transfer Agent or be deemed to be Outstanding for any purpose
whatsoever. The Series 13 Holders shall have no claim to the interest income, if any, earned on funds deposited with the Paying
Agent. Any funds deposited with the Paying Agent hereunder by the Partnership for any reason, including redemption of Series 13
Preferred Units, that remain unclaimed or unpaid after one year after the applicable Series 13 Redemption Date or other payment
date, as applicable, shall be, to the extent permitted by law, repaid to the Partnership upon its written request, after which
repayment the Series 13 Holders entitled to such redemption or other payment shall have recourse only to the Partnership. Notwithstanding
any Series 13 Redemption Notice, there shall be no redemption of any Series 13 Preferred Units called for redemption until funds
sufficient to pay the full Series 13 Redemption Price of such Series 13 Preferred Units shall have been deposited by the Partnership
with the Paying Agent.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">v.</TD><TD STYLE="text-align: justify">Any Series 13 Preferred Units that are redeemed or otherwise acquired by the Partnership shall be
cancelled. If only a portion of the Series 13 Preferred Units represented by a Certificate shall have been called for redemption,
upon surrender of the Certificate to the Paying Agent (which shall occur automatically if the Certificate representing such Series
13 Preferred Units is registered in the name of the Depositary or its nominee), the Partnership shall issue and the Paying Agent
shall deliver to the Series 13 Holders a new Certificate (or adjust the applicable book-entry account) representing the number
of Series 13 Preferred Units represented by the surrendered Certificate that have not been called for redemption.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">vi.</TD><TD STYLE="text-align: justify">Notwithstanding anything to the contrary in this Section 2 to this Part XIV of Schedule A, unless
all accrued and unpaid Series 13 Distributions up to and including the distribution payable for the last completed Series 13 Distribution
Period, and all accrued and unpaid distributions up to and including the distribution payable for the last completed period for
which distributions were payable on all Series 13 Preferred Units and Series 13 Parity Securities, have been declared and paid
or set apart for payment, the Partnership shall not be permitted to repurchase, redeem or otherwise acquire, in whole or in part,
any Series 13 Preferred Units or Series 13 Parity Securities, except pursuant to a purchase or exchange offer made on the same
relative terms to all Series 13 Holders and holders of any Series 13 Parity Securities. So long as any Series 13 Preferred Units
are Outstanding, except out of the net cash proceeds of a substantially concurrent issue of Series 13 Junior Securities, unless
all accrued and unpaid Series 13 Distributions up to and including the distribution payable for the last completed Series 13 Distribution
Period, and all accrued and unpaid distributions up to and including the distribution payable for the last completed period for
which distributions were payable on all Series 13 Preferred Units and Series 13 Parity Securities, have been declared and paid
or set apart for payment, the Partnership shall not be permitted to redeem, repurchase or otherwise acquire any Equity Units or
any other Series 13 Junior Securities.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">e.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payment of Additional Amounts</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">The Partnership shall make all payments on the Series 13 Preferred Units free and clear of and without
withholding or deduction at source for, or on account of, any present or future taxes, fees, duties, assessments or governmental
charges of whatever nature imposed or levied by or on behalf of any Relevant Taxing Jurisdiction, unless such taxes, fees, duties,
assessments or governmental charges are required to be withheld or deducted by (i) the laws (or any regulations or rulings promulgated
thereunder) of any Relevant Taxing Jurisdiction or (ii) an official position regarding the application, administration, interpretation
or enforcement of any such laws, regulations or rulings (including a holding by a court of competent jurisdiction or by a taxing
authority in any Relevant Taxing Jurisdiction). If a withholding or deduction at source is required, the Partnership shall, subject
to the limitations and exceptions set forth in this Section 2(B)(e) and Section 2(B)(f) to this Part XIV of Schedule A, pay to
the Series 13 Holders such additional amounts (the &ldquo;<B>Additional Amounts</B>&rdquo;) as distributions as may be necessary
so that every net payment made to such holders, after such withholding or deduction (including any such withholding or deduction
from such Additional Amounts), shall be equal to the amounts the Partnership would otherwise have been required to pay had no such
withholding or deduction been required.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: left">The Partnership shall not be required to pay any Additional Amounts for or on account of:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD STYLE="text-align: justify">any tax, fee, duty, assessment or governmental charge of whatever nature that would not have been
imposed but for the fact that such holder was a resident, domiciliary or national of, or engaged in business or maintained a permanent
establishment or was physically present in, the Relevant Taxing Jurisdiction or any political subdivision thereof or otherwise
had some connection with the Relevant Taxing Jurisdiction other than by reason of the mere ownership of, or receipt of payment
under, the Series 13 Preferred Units or any Series 13 Preferred Units presented for payment (where presentation is required for
payment) more than 30 days after the Relevant Date (except to the extent that the holder would have been entitled to such amounts
if it had presented such units for payment on any day within such 30 day period). The &ldquo;<B>Relevant Date</B>&rdquo; means,
in respect of any payment, the date on which such payment first becomes due and payable, but if the full amount of the moneys payable
has not been received by the Paying Agent on or prior to such due date, it means the first date on which the full amount of such
moneys having been so received and being available for payment to holders and notice to that effect shall have been duly given
to the Series 13 Holders;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD STYLE="text-align: justify">any estate, inheritance, gift, sale, transfer, personal property or similar tax, assessment or other
governmental charge or any tax, assessment or other governmental charge that is payable otherwise than by withholding or deduction
from payment of the liquidation preference or of any distributions on the Series 13 Preferred Units;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD STYLE="text-align: justify">any tax, fee, duty, assessment or other governmental charge that is imposed or withheld by reason
of the failure by the holder of such Series 13 Preferred Units to comply with any reasonable request by the Partnership addressed
to the holder within 90 days of such request (i) to provide information concerning the nationality, residence or identity of the
holder or (ii) to make any declaration or other similar claim or satisfy any information or reporting requirement that is required
or imposed by statute, treaty, regulation or administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption
from all or part of such tax, fee, duty, assessment or other governmental charge;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD STYLE="text-align: left">any tax, fee, duty, assessment or governmental charge imposed under the Code; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">(e)</TD><TD STYLE="text-align: left">any combination of the foregoing.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iii.</TD><TD STYLE="text-align: justify">In addition, the Partnership shall not pay Additional Amounts with respect to any payment on any such
Series 13 Preferred Units to any holder that is a fiduciary, partnership, limited liability company or other pass-through entity
other than the sole beneficial owner of such Series 13 Preferred Units if such payment would be required by the laws of the Relevant
Taxing Jurisdiction to be included in the income for tax purposes of a beneficiary or partner or settlor with respect to such fiduciary
or a member of such partnership, limited liability company or other pass-through entity or a beneficial owner to the extent such
beneficiary, partner or settlor would not have been entitled to such Additional Amounts had it been the holder of the Series 13
Preferred Units.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">f.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Substitution or Variation</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">At any time following a Tax Event, the Partnership may, without the consent of any Series 13 Holder,
vary the terms of the Series 13 Preferred Units such that they remain securities, or exchange the Series 13 Preferred Units with
new securities, which would eliminate the substantial probability that the Partnership or any Successor Entity would be required
to pay any Additional Amounts with respect to the Series 13 Preferred Units as a result of a Change in Tax Law. The terms of the
varied securities or new securities considered in the aggregate cannot be less favorable to holders than the terms of the Series
13 Preferred Units prior to being varied or exchanged; provided that no such variation of terms or securities received in exchange
shall change the specified denominations of, distribution payable on, the redemption dates (other than any extension of the period
during which an optional redemption may not be exercised by the Partnership) or currency of, the Series 13 Preferred Units, reduce
the liquidation preference thereof, lower the ranking in right of payment with respect to the payment of distributions or the distribution
of assets upon liquidation, dissolution or winding-up of the Series 13 Preferred Units, or change the foregoing list of items that
may not be so amended as part of such variation or exchange. Further, no such variation of terms or securities received in exchange
shall impair the right of a holder of the securities to institute suit for the payment of any amounts due, but unpaid with respect
to such holder&rsquo;s securities.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: justify">Prior to any variation or exchange, the Partnership shall be required to receive an opinion of independent
legal advisers to the effect that holders and beneficial owners of the Series 13 Preferred Units (including as holders and beneficial
owners of the varied or exchanged securities) will not recognize income, gain or loss for United States federal income tax purposes
as a result of such variation or exchange and will be subject to United States federal income tax on the same amounts, in the same
manner and at the same times as would have been the case had such variation or exchange not occurred.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iii.</TD><TD STYLE="text-align: justify">Any variation or exchange of the Series 13 Preferred Units described above shall be made after notice
is given to the Series 13 Holders not less than 30 days nor more than 60 days prior to the date fixed for variation or exchange,
as applicable.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">g.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Liquidation Rights</U>. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary
or involuntary, unless the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to
Section&nbsp;13.2 of the Agreement, the Series 13 Holders shall be entitled to receive the Series 13 Liquidation Preference per
Series 13 Preferred Unit held by them, together with all accrued (whether or not declared) and unpaid Series 13 Distributions up
to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership), before
any amounts shall be paid or any assets of the Partnership distributed to the holders of any Series 13 Junior Securities. Upon
payment of the amounts set forth in the immediately preceding sentence, the Series 13 Holders shall not be entitled to share in
any further distribution of the assets of the Partnership.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">h.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Rank</U>. The Series 13 Preferred Units shall each be deemed to rank as to payment of distributions on such Partnership
Interests and distributions upon liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: left">senior to any Series 13 Junior Securities;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: left">on parity in right of payment with any Series 13 Parity Securities; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iii.</TD><TD STYLE="text-align: justify">junior to all existing and future indebtedness of the Partnership with respect to assets available
to satisfy claims against the Partnership and any other Series 13 Senior Securities.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">i.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Sinking Fund</U>. The Series 13 Preferred Units shall not have the benefit of any sinking fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">j.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Record Holders</U>. To the fullest extent permitted by applicable law, the General Partner, the Partnership, the Series
13 Transfer Agent, and the Paying Agent may deem and treat any Series 13 Holder as the true, lawful, and absolute owner of the
applicable Series 13 Preferred Units for all purposes, and neither the General Partner, the Partnership, the Series 13 Transfer
Agent nor the Paying Agent shall be affected by any notice to the contrary, except as otherwise provided by law or any applicable
rule, regulation, guideline or requirement of any Securities Exchange on which the Series 13 Preferred Units may be listed or admitted
to trading, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">k.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Rights; Fiduciary Duties</U>. The Series 13 Preferred Units and the Series 13 Holders shall not have any designations,
preferences, rights, powers, guarantees or duties, other than as set forth in this Agreement or as provided by applicable law.
Notwithstanding anything to the contrary in this Agreement or any duty existing at law, in equity or otherwise, to the fullest
extent permitted by applicable law, neither the General Partner nor any other Indemnified Party shall owe any duties, including
fiduciary duties, or have any liabilities to Series 13 Holders, other than the General Partner&rsquo;s duty to act at all times
in good faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"></P>

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<DOCUMENT>
<TYPE>EX-3.2
<SEQUENCE>4
<FILENAME>tm2022703d4_ex3-2.htm
<DESCRIPTION>EXHIBIT 3.2
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 3.2</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BROOKFIELD INFRASTRUCTURE L.P.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FIFTH AMENDMENT TO THE<BR>
AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>THIS AMENDMENT </B>(the
 &ldquo;<B>Amendment</B>&rdquo;) to the Amended and Restated Limited Partnership Agreement dated as of February 16, 2018 (the &ldquo;<B>Agreement</B>&rdquo;)
of Brookfield Infrastructure L.P. (the &ldquo;<B>Partnership</B>&rdquo;) is made as of the 21st day of September 2020, by the undersigned.
Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, on March
12, 2015, the limited partnership agreement of the Partnership was amended to allow for preferred limited partnership interests
in the Partnership and to create the Class A Limited Partnership Units;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>AND WHEREAS</B>, the
Managing General Partner desires to amend the Agreement to create additional series of Class A Limited Partnership Units having
the rights and restrictions set out in Part XIV of Schedule A to this Amendment;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>AND WHEREAS</B>, pursuant
to Section 18.1 of the Agreement, subject to compliance with the requirements of the Limited Partnership Act and the Exempted Partnerships
Act, the Managing General Partner (pursuant to its powers of attorney from the Special General Partner or any Partner and the Limited
Partners), without the approval of any Limited Partner, may amend any provision of the Agreement to reflect certain changes, including,
as provided for in Section 18.1.6 of the Agreement, an amendment that the Managing General Partner determines in its sole discretion
to be necessary or appropriate for the creation, authorization or issuance of any class or series of Partnership Interests;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>AND WHEREAS</B>, the
Managing General Partner desires to amend the Agreement as set out herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>NOW THEREFORE</B>,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">Section 1.1.3 is hereby deleted in its entirety and replaced with the following:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">&ldquo;<B>Agreement</B>&rdquo;
means this Amended and Restated Limited Partnership Agreement of the Partnership, as amended by the First Amendment to the Amended
and Restated Limited Partnership Agreement of the Partnership dated as of September 12, 2018, the Second Amendment to the Amended
and Restated Limited Partnership Agreement of the Partnership dated as of August 1, 2019, the Third Amendment to the Amended and
Restated Limited Partnership Agreement of the Partnership dated as of February 27, 2020, the Fourth Amendment to the Amended and
Restated Limited Partnership Agreement of the Partnership dated as of March 31, 2020, and the Fifth Amendment to the Amended and
Restated Limited Partnership Agreement of the Partnership dated as of September 21, 2020;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">Schedule A of the Agreement is hereby amended by adding Part XIV of Schedule A to this Amendment
as Part XIV of Schedule A of the Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">This amendment shall be effective as of the 21 day of September, 2020.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">This amendment shall be governed by and construed in accordance with the laws of Bermuda.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">Except as modified herein, all terms and conditions of the Agreement shall remain in full force
and effect.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify">This Amendment may be executed in any number of counterparts, each of which shall be deemed to
be an original and all of which shall be construed together as one agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>IN WITNESS WHEREOF</B>,
the Managing General Partner has executed this Amendment as of the 21st day of September, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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    <TD>&nbsp;</TD>
<TD COLSPAN="3" STYLE="vertical-align: bottom"><B>MANAGING GENERAL PARTNER:</B> <B><BR>
BROOKFIELD INFRASTRUCTURE<BR>
 PARTNERS L.P., by its general partner, <BR>
BROOKFIELD INFRASTRUCTURE <BR>
PARTNERS LIMITED</B> &nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
<TD COLSPAN="3" STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
<TD STYLE="text-align: left; font-size: 10pt">By:</TD>
<TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; text-align: justify; font-size: 10pt">/s/ Jane Sheere</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
<TD STYLE="text-align: justify; font-size: 10pt; width: 3%">&nbsp;</TD>
<TD STYLE="text-align: left; font-size: 10pt; width: 5%">Name:</TD>
<TD STYLE="text-align: left; font-size: 10pt; width: 42%">Jane Sheere</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
<TD STYLE="text-align: left; font-size: 10pt">&nbsp;</TD>
<TD>Title:</TD>
<TD>Secretary &nbsp; &nbsp; &nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><I>[Fifth Amendment
to BILP A&amp;R LPA]</I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART XIV</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Number and Designation of and Rights,
Privileges, Restrictions and Conditions<BR>
Attaching to the Class A Preferred Limited Partnership Units, Series 13</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The thirteenth series
of Class A Preferred Limited Partnership Units of the Partnership shall consist of preferred limited partnership interests designated
as Class A Preferred Limited Partnership Units, Series 13 (the &ldquo;<B>Series 13 Units</B>&rdquo;) and, in addition to the rights,
privileges, restrictions and conditions attaching to the Class A Preferred Limited Partnership Units as a class, shall have attached
thereto the following rights, privileges, restrictions and conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Definitions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the purposes hereof,
the following capitalized terms shall have the following meanings, unless the context otherwise requires:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Arrears</B>&rdquo;
means, with respect to the Series 13 Distributions, the full cumulative Series 13 Distributions through the most recent Series
13 Distribution Payment Date that have not been paid on all Outstanding Series 13 Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Assignee</B>&rdquo;
means a Person to whom one or more Partnership Interests have been transferred in a manner permitted under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>BIP
Series 13 Additional Amounts</B>&rdquo; means &ldquo;Additional Amounts&rdquo; as defined in the BIP Partnership Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>BIP
General Partner</B>&rdquo; means Brookfield Infrastructure Partners Limited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>BIP
Series 13 Ratings Event</B>&rdquo; means a &ldquo;Series 13 Ratings Event&rdquo; as defined in the BIP Partnership Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>BIP
Series 13 Units</B>&rdquo; means the BIP&rsquo;s Class A Preferred Limited Partnership Units, Series 13.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>BIP
Series 13 Successor Entity</B>&rdquo; means a &ldquo;Successor Entity&rdquo; as defined in the BIP Partnership Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Distribution Payment Date</B>&rdquo; means the fifteenth day of each of March, June, September and December of each year; provided
however, that if any Series 13 Distribution Payment Date would otherwise occur on a day that is not a Business Day, such Series
13 Distribution Payment Date shall instead be on the immediately succeeding Business Day without the accrual of additional distributions;
provided further, that the Series 13 Distribution Payment Date for the initial Series 13 Distribution Period shall be December
15, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Distribution Period</B>&rdquo; means a period of time from and including the preceding Series 13 Distribution Payment Date to,
but excluding, the next Series 13 Distribution Payment Date for such Series 13 Distribution Period (other than the initial Series
13 Distribution Period, which means a period of time from and including the Series 13 Original Issue Date to, but excluding, December
15, 2020).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Distribution Rate</B>&rdquo; means an annual rate equal to 5.125% of the Series 13 Liquidation Preference, subject to adjustment
from time to time as set forth in Section 2(B)(b)(ii) to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Distribution Record Date</B>&rdquo; has the meaning given to such term in Section 2(B)(b)(iii) to this Part XIV of Schedule
A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Distributions</B>&rdquo; means distributions with respect to Series 13 Units pursuant to Section 2(B)(b) to this Part XIV of
Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Holder</B>&rdquo; means a Record Holder of Series 13 Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Liquidation Preference</B>&rdquo; means a liquidation preference for each Series 13 Unit equal to $25.00 per unit (subject to
adjustment for any splits, combinations or similar adjustments to the Series 13 Units).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Original Issue Date</B>&rdquo; means September 21, 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Units</B>&rdquo; has the meaning given to such term in the preamble to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Redemption Date</B>&rdquo; has the meaning given such term in Section 2(B)(d)(i) to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&ldquo;<B>Series
13 Redemption Price</B>&rdquo; has the meaning given such term in Section 2(B)(d)(i) to this Part XIV of Schedule A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>2.</B></TD><TD STYLE="text-align: left"><B>Terms of Series 13 Units</B>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">A.</TD><TD STYLE="text-align: justify"><U>General</U>. Each Series 13 Unit shall be identical in all respects to every other Series 13 Unit,
except as to the respective dates from which the Series 13 Liquidation Preference shall increase or from which Series 13 Distributions
may begin accruing, to the extent such dates may differ. The Series 13 Units represent perpetual interests in the Partnership and
shall not give rise to a claim by the Partnership or a Series 13 Holder for conversion or, except as set forth in Section 2(B)(d)
to this Part XIV of Schedule A, redemption thereof at a particular date.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">B.</TD><TD STYLE="text-align: justify"><U>Rights of Series 13 Units</U>. The Series 13 Units shall have the following rights, preferences
and privileges and shall be subject to the following duties and obligations:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: left"><U>Series 13 Units</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">The authorized number of Series 13 Units shall be unlimited. Series 13 Units that are purchased or
otherwise acquired by the Partnership shall be cancelled.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: justify">The Series 13 Units shall be represented by one or more Certificates (or in book entry) on the books
and records of the Partnership in the name of the Series 13 Holder.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: left"><U>Distributions</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">Distributions on each Outstanding Series 13 Unit shall be cumulative and shall accrue at the applicable
Series 13 Distribution Rate from and including the Series 13 Original Issue Date (or, for any subsequently issued and newly Outstanding
Series 13 Units, from and including the Series 13 Distribution Payment Date immediately preceding the issue date of such Series
13 Units) until such time as the Partnership pays the Series 13 Distribution or redeems such Series 13 Unit in accordance with
Section 2(B)(d) to this Part XIV of Schedule A, whether or not such Series 13 Distributions shall have been declared. Series 13
Holders shall be entitled to receive Series 13 Distributions from time to time out of any assets of the Partnership legally available
for the payment of distributions at the Series 13 Distribution Rate per Series 13 Unit when, as, and, if declared by the Managing
General Partner. Series 13 Distributions, to the extent declared by the Managing General Partner to be paid by the Partnership
in accordance with this Section&nbsp;2(B)(b) to this Part XIV of Schedule A, shall be paid, in Arrears, on each Series 13 Distribution
Payment Date. Series 13 Distributions shall accrue in each Series 13 Distribution Period, provided that distributions shall accrue
on accrued but unpaid Series 13 Distributions at the Series 13 Distribution Rate. If any Series 13 Distribution Payment Date otherwise
would occur on a date that is not a Business Day, declared Series 13 Distributions shall be paid on the immediately succeeding
Business Day without the accrual of additional distributions. Series 13 Distributions shall be payable based on a 360-day year
consisting of twelve 30-day months. All Series 13 Distributions that are (1) accrued and unpaid or (2) payable by the Partnership
pursuant to this Section 2(B)(b) or 2(B)(e) to this Part XIV of Schedule A shall be payable without regard to the income of the
Partnership and shall be treated for U.S. federal income tax purposes as guaranteed payments for the use of capital under Section
707(c) of the Code, including for the purpose of determining Net Income and Net Loss and otherwise maintaining Capital Accounts,
unless there is a change in Tax law or administrative practice that requires treatment other than as guaranteed payments for U.S.
federal income tax purposes, as determined in the sole discretion of the Managing General Partner. For U.S. federal income tax
purposes, the deduction attributable to any amount treated as a guaranteed payment shall be specially allocated to the Partners
in a manner determined by the Managing General Partner in its sole discretion that is not inconsistent with the applicable provisions
of the Code and Treasury Regulations. Such guaranteed payments with respect to any Series 13 Distribution Period shall be for the
account of the Series 13 Holders as of the applicable Series 13 Distribution Record Date, or as otherwise reasonably determined
by the Managing General Partner.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: left">[Intentionally Omitted].</TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iii.</TD><TD STYLE="text-align: justify">Not later than 5:00 p.m., New York City time, on each Series 13 Distribution Payment Date, the Partnership
shall pay those Series 13 Distributions, if any, that shall have been declared by the Managing General Partner to Series 13 Holders
on the Record Date for the applicable Series 13 Distribution. The Record Date (the &ldquo;<B>Series 13 Distribution Record Date</B>&rdquo;)
for the payment of any Series 13 Distributions shall be the last business day of the calendar month prior to the applicable Series
13 Distribution Payment Date, or such other record date as may be fixed by the Managing General Partner in accordance with this
Section 2 to this Part XIV of Schedule A. So long as any Series 13 Units are Outstanding, no distribution shall be declared or
paid or set aside for payment on any Junior Securities (other than a distribution payable solely in Junior Securities) unless all
accrued and unpaid Series 13 Distributions up to and including such distributions payable for the last completed Series 13 Distribution
Period, and all accrued and unpaid distributions up to and including the distribution payable for the last completed period for
which distributions were payable on all Parity Securities, have been declared and paid or set apart for payment; provided, however,
notwithstanding anything to the contrary in this Section 2(B)(b)(iii) to this Part XIV of Schedule A, if a distribution period
with respect to a class of Junior Securities or Parity Securities is shorter than the Series 13 Distribution Period, the Managing
General Partner may declare and pay regular distributions with respect to such Junior Securities or Parity Securities, so long
as, at the time of declaration of such distribution, (i)&nbsp;there are no Series 13 Distributions in Arrears, and (ii) the Managing
General Partner expects to have sufficient funds to pay the full distribution in respect of the Series 13 Units on the next successive
Series 13 Distribution Payment Date. Accrued Series 13 Distributions in Arrears for any past Series 13 Distribution Period may
be declared by the Managing General Partner and paid on any date fixed by the Managing General Partner, whether or not a Series
13 Distribution Payment Date, to Series 13 Holders on the Record Date for such payment, which may not be less than 10 days before
such payment date. Subject to the next succeeding sentence, if all accrued Series 13 Distributions in Arrears on all Outstanding
Series 13 Units and all accrued distributions in arrears on any Parity Securities shall not have been declared and paid, or if
sufficient funds for the payment thereof shall not have been set apart, payment of accrued distributions in Arrears on the Series
13 Units and accrued distributions in arrears on any such Parity Securities shall be made in order of their respective distribution
payment dates, commencing with the earliest distribution payment date. If less than all distributions payable with respect to all
Series 13 Units and any other Parity Securities are to be paid for any distribution period, any partial payment shall be made pro
rata with respect to the Series 13 Units and any such other Parity Securities entitled to a distribution payment at such time in
proportion to the aggregate distribution amounts remaining due in respect of such Series 13 Units and such other Parity Securities,
if any, at such time and apportioned equally among them in accordance with the relative amount to be paid or allocated to each
group. For purposes of the preceding sentence, each distribution period for the Series 13 Preferred Units that ends on the fifteenth
day of March, June, September or December of any year shall be deemed the same distribution period as the distribution period for
Series 13 Parity Securities that ends on the last day of March, June, September or December, respectively, of such year. Subject
to Sections 17.4 of this Agreement and Section 2(B)(f) to this Part XIV of Schedule A, Series 13 Holders shall not be entitled
to any distribution, whether payable in cash, property or Partnership Interests, in excess of full cumulative Series 13 Distributions.
Except insofar as distributions accrue on the amount of any accrued and unpaid Series 13 Distributions as described in Section
2(B)(b)(i) to this Part XIV of Schedule A, no interest or sum of money in lieu of interest shall be payable in respect of any distribution
payment which may be in Arrears on the Series 13 Units. Declared Series 13 Distributions shall be paid to the Series 13 Holders
in same-day funds on each Series 13 Distribution Payment Date or other distribution payment date in the case of payments for Series
13 Distributions in Arrears.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">c.</TD><TD STYLE="text-align: left"><U>Voting Rights</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">Notwithstanding anything to the contrary in this Agreement, the Series 13 Units shall not have any
voting rights or rights to consent or approve any action or matter, except as set forth in Sections 5.4 and 6 of Part I of Schedule
A to this Agreement, this Section 2(B)(c) to this Part XIV of Schedule A or as otherwise required by Bermuda law.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: justify">The rights, privileges, restrictions and conditions attached to the Series 13 Units may be added to,
changed or removed but only with the approval of the holders of a majority of the Outstanding Series 13 Units, given as hereinafter
specified.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iii.</TD><TD STYLE="text-align: justify">The approval of the holders of the Series 13 Units as a series in respect of any matter requiring
the consent of the holders of the Series 13 Units as a series may be given in such manner as may then be required by Law, subject
to a minimum requirement that such approval be passed by the requisite affirmative vote of the votes cast at a meeting of the holders
of Series 13 Units as a series duly called and held for that purpose in accordance with Article 18 of this Agreement or given by
resolution signed by holders of Series 13 Units as a series in accordance with Article 18 of this Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iv.</TD><TD STYLE="text-align: justify">Each Series 13 Unit shall entitle the holder thereof to one vote for the purposes of any approval
at a meeting of the holders of the Series 13 Units or by written consent.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">d.</TD><TD STYLE="text-align: left"><U>Optional Redemption</U>.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">i.</TD><TD STYLE="text-align: justify">The Partnership shall have the right to redeem the Series 13 Units (i) at any time, and from time
to time, on or after October 15, 2025, in whole or in part, (ii) prior to October 15, 2025, if BIP redeems the BIP Series 13 Units
pursuant to a BIP Series 13 Ratings Event, in whole but not in part or (iii) if BIP redeems the BIP Series 13 Units following a
BIP Series 13 Change in Tax Law where, in BIP&rsquo;s reasonable determination, a substantial probability that BIP or any BIP Series
13 Successor Entity would become obligated to pay any BIP Series 13 Additional Amounts on the next succeeding distribution payment
date with respect to the BIP Series 13 Units and the payment of those BIP Series 13 Additional Amounts cannot be avoided by the
use of any reasonable measures available to BIP or any BIP Series 13 Successor Entity, in whole but not in part, using any source
of funds legally available for such purpose. Any such redemption shall occur on a date set by the Managing General Partner (the
 &ldquo;<B>Series 13 Redemption Date</B>&rdquo;). The Partnership shall effect any such redemption by paying cash for each Series
13 Unit to be redeemed equal to 100% (in the case of a redemption described in clauses (i) and (iii) of this Section 2(B)(d)(i)
to this Part XIV of Schedule A), or 102% (in the case of a redemption described in clause (ii) of this Section 2(B)(d)(i) to this
Part XIV of Schedule A), of the Series 13 Liquidation Preference for such Series 13 Unit on such Series 13 Redemption Date plus
an amount equal to all unpaid Series 13 Distributions thereon from the Series 13 Original Issue Date to, but excluding, the Series
13 Redemption Date (whether or not such distributions shall have been declared) (the &ldquo;<B>Series 13 Redemption Price</B>&rdquo;).
The Series 13 Redemption Price shall be paid by the Partnership to the Series 13 Holders on the Series 13 Redemption Date.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">ii.</TD><TD STYLE="text-align: justify">The Partnership shall give notice of any redemption not less than 30 days and not more than 60 days
before the scheduled Series 13 Redemption Date to the Series 13 Holders (as of 5:00 p.m. New York City time on the Business Day
next preceding the day on which notice is given) of any Series 13 Units to be redeemed as such Series 13 Holders&rsquo; names appear
on the books of the Partnership and at the address of such Series 13 Holders shown therein.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iii.</TD><TD STYLE="text-align: justify">If the Partnership elects to redeem less than all of the Outstanding Series 13 Units in the event
of an optional redemption on or after October 15, 2025, the number of Series 13 Units to be redeemed shall be determined by the
Managing General Partner, and such Series 13 Units shall be redeemed by such method of selection as the Managing General Partner
shall determine, either apportioned equally among all Series 13 Holders in accordance with the relative number or percentage of
Series 13 Units held by each such Series 13 Holder or by lot, with adjustments to avoid redemption of fractional Series 13 Units.
The aggregate Series 13 Redemption Price for any such partial redemption of the Outstanding Series 13 Units shall be allocated
correspondingly among the redeemed Series 13 Units. The Series 13 Units not redeemed shall remain Outstanding and entitled to all
the rights, preferences and duties provided in this Section 2 to this Part XIV of Schedule A.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">iv.</TD><TD STYLE="text-align: justify">No later than 10:00 a.m. New York City time on the Series 13 Redemption Date, the Partnership shall
pay or cause to be paid to the Series 13 Holders immediately available funds sufficient to pay the Series 13 Redemption Price to
each Series 13 Holder whose Series 13 Units are to be redeemed upon surrender or deemed surrender of the Certificates (or book
entry position) therefor.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">v.</TD><TD STYLE="text-align: justify">Any Series 13 Units that are redeemed or otherwise acquired by the Partnership shall be cancelled.
If only a portion of the Series 13 Units represented by a Certificate shall have been called for redemption, upon surrender of
the Certificate to the Partnership, the Partnership shall issue and deliver to the Series 13 Holders a new Certificate (or adjust
the applicable book-entry account) representing the number of Series 13 Units represented by the surrendered Certificate that have
not been called for redemption.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">vi.</TD><TD STYLE="text-align: justify">Notwithstanding anything to the contrary in this Section 2 to this Part XIV of Schedule A, unless
all accrued and unpaid Series 13 Distributions up to and including the distribution payable for the last completed Series 13 Distribution
Period, and all accrued and unpaid distributions up to and including the distribution payable for the last completed period for
which distributions were payable on all Parity Securities, have been declared and paid or set apart for payment, the Partnership
shall not be permitted to repurchase, redeem or otherwise acquire, in whole or in part, any Series 13 Units or Parity Securities,
except pursuant to a purchase or exchange offer made on the same relative terms to all Series 13 Holders and holders of any Parity
Securities. So long as any Series 13 Units are Outstanding, except out of the net cash proceeds of a substantially concurrent issue
of Junior Securities, unless all accrued and unpaid Series 13 Distributions up to and including the distribution payable for the
last completed Series 13 Distribution Period, and all accrued and unpaid distributions up to and including the distribution payable
for the last completed period for which distributions were payable on all Parity Securities, have been declared and paid or set
apart for payment, the Partnership shall not be permitted to redeem, repurchase or otherwise acquire any Equity Units or any other
Junior Securities.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment
of Additional Amounts</U>. If BIP shall be required, pursuant to Section 2(B)(e) of Part XIV of Schedule A of the BIP Partnership
Agreement to pay additional amounts to holders of the BIP Series 13 Units, the Partnership shall pay to the Series 13 Holders such
additional amounts as distributions on the Series 13 Units as may be necessary such that the additional amounts paid as distributions
by the Partnership shall equal the additional amounts paid by BIP pursuant to 2(B)(e) of Part XIV of Schedule A of the BIP Partnership
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Liquidation
Rights</U>. In the event of the liquidation, dissolution or winding-up of the Partnership, whether voluntary or involuntary, unless
the Partnership is continued under the election to reconstitute and continue the Partnership pursuant to Section&nbsp;17.3 of
this Agreement, the Series 13 Holders shall be entitled to receive the Series 13 Liquidation Preference per Series 13 Unit held
by them, together with all accrued (whether or not declared) and unpaid Series 13 Distributions up to but excluding the date of
payment or distribution (less any tax required to be deducted and withheld by the Partnership), before any amounts shall be paid
or any assets of the Partnership distributed to the holders of any Junior Securities. Upon payment of such amounts, the Series
13 Holders shall not be entitled to share in any further distribution of the assets of the Partnership.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">g.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Sinking Fund</U>. The Series 13 Units shall not have the benefit of any sinking fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">h.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Record
Holders</U>. To the fullest extent permitted by applicable law, the Managing General Partner and the Partnership may deem and
treat any Series 13 Holder as the true, lawful, and absolute owner of the applicable Series 13 Units for all purposes, and neither
the Managing General Partner nor the Partnership shall be affected by any notice to the contrary, except as otherwise provided
by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Rights; Fiduciary Duties</U>. The Series 13 Units and the Series 13 Holders shall not have any designations, preferences, rights,
powers or duties, other than as set forth in this Agreement or as provided by applicable law. Notwithstanding anything to the
contrary in this Agreement or any duty existing at law, in equity or otherwise, to the fullest extent permitted by applicable
law, neither the Managing General Partner nor any other Indemnified Party shall owe any duties, including fiduciary duties, or
have any liabilities to Series 13 Holders, other than the Managing General Partner&rsquo;s duty to act at all times in good faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"></P>

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<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>5
<FILENAME>tm2022703d4_ex4-1.htm
<DESCRIPTION>EXHIBIT 4.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 4.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (&ldquo;DTC&rdquo;), TO THE
PARTNERSHIP OR THE TRANSFER AGENT NAMED ON THE FACE OF THIS CERTIFICATE, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE&nbsp;&amp; CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE&nbsp;&amp;
CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED OWNER HEREOF, CEDE&nbsp;&amp; CO. HAS AN INTEREST
HEREIN.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">TRANSFERS OF THIS GLOBAL
SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR&rsquo;S
NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE STATEMENT WITH RESPECT TO SERIES 13 PREFERRED UNITS. IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER
TO THE TRANSFER AGENT NAMED ON THE FACE OF THIS CERTIFICATE SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY&nbsp;REASONABLY
REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Certificate
Evidencing</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>5.125%
Class&nbsp;A Preferred Limited Partnership Units, Series&nbsp;13</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>of</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Brookfield
Infrastructure Partners L.P.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>A
Partnership formed under the laws of Bermuda</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif; text-align: left">CERTIFICATE NUMBER: +_____</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: right">INITIAL NUMBER OF SERIES 13 PREFERRED UNITS: ___________</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">CUSIP Number: G16252267</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">ISIN: USG162522670</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Brookfield Infrastructure Partners L.P., a
Bermuda exempted partnership (the &ldquo;<B>Partnership</B>&rdquo;), hereby certifies that CEDE&nbsp;&amp; CO. (the &ldquo;<B>Holder</B>&rdquo;),
is the registered owner of the number shown on Schedule I hereto of fully paid and non-assessable units of the Partnership&rsquo;s
designated 5.125% Class&nbsp;A Preferred Limited Partnership Units, Series&nbsp;13, with a liquidation preference of $25.00 per
unit (the &ldquo;<B>Series&nbsp;13 Preferred Units</B>&rdquo;). The Series&nbsp;13 Preferred Units are transferable on the books
of the Partnership or its duly authorized Transfer Agent, in person or by a duly authorized attorney, upon surrender of this certificate
properly endorsed. The rights, preferences and limitations of the Series&nbsp;13 Preferred Units are set forth in, and this certificate
and the Series&nbsp;13 Preferred Units represented hereby are issued and shall in all respects be subject to the terms and provisions
of, the Amended and Restated Limited Partnership Agreement of the Partnership, dated February&nbsp;16, 2018, as amended on September&nbsp;12,
2018, February&nbsp;27, 2020, and September&nbsp;21, 2020, and as the same may be further amended from time to time (the &ldquo;<B>Partnership
Agreement</B>&rdquo;). Capitalized terms used herein but not defined shall have the meaning given them in the Partnership Agreement.
Copies of the Partnership Agreement are on file at, and will be furnished without charge on delivery of written request to the
Partnership at the principal office of the Partnership. In the case of any conflict between this certificate and the Partnership
Agreement, the provisions of the Partnership Agreement shall control and govern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Upon receipt of this executed certificate,
the Holder is bound by the Partnership Agreement and is entitled to the benefits thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">The Holder, by accepting this certificate,
is deemed to have (i)&nbsp;requested admission as, and agreed to become, a limited partner and to have agreed to comply with and
be bound by and to have executed the Partnership Agreement, (ii)&nbsp;represented and warranted that the Holder has all right,
power and, if an individual, the capacity necessary to enter into the Partnership Agreement, (iii)&nbsp;granted the powers of attorney
provided for in the Partnership Agreement, (iv)&nbsp;made the waivers and given the consents and approvals contained in the Partnership
Agreement; and (v)&nbsp;ratified and confirmed all contracts, agreements, assignments and instruments entered into on behalf of
the Partnership in accordance with the Partnership Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">This certificate shall not be valid
for any purpose unless it has been countersigned and registered by the registrar and transfer agent (the &ldquo;<B>Transfer Agent</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, this certificate has
been executed on behalf of the Partnership by its General Partner this ____ day of _____________, _____.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="width: 50%; font: bold 10pt Times New Roman, Times, Serif">BROOKFIELD INFRASTRUCTURE PARTNERS LIMITED, the general
    partner of BROOKFIELD INFRASTRUCTURE <FONT STYLE="text-transform: uppercase">partners l.p.</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: capitalize">Name:</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: &nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>COUNTERSIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These are the Series&nbsp;13 Preferred
Units referred to in the within-mentioned Partnership Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dated: __________________, ______</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif">REGISTRAR AND TRANSFER AGENT COMPUTERSHARE INC.</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: &nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font: 10pt Times New Roman, Times, Serif">FOR VALUE RECEIVED, ______________________________________________________________, hereby assigns, conveys, sells and transfers unto</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif">(Please print or typewrite name and address of Assignee)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 48%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 48%; font: 10pt Times New Roman, Times, Serif">(Please insert Social Security or other identifying number of Assignee)</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="line-height: 30pt; border-collapse: collapse; width: 100%">
<TR STYLE="line-height: 30pt; vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font: 10pt/30pt Times New Roman, Times, Serif">___________________________Series&nbsp;13 Preferred Units representing preferred limited partnership interests evidenced by this certificate, subject to the Partnership Agreement, and does hereby irrevocably constitute and appoint________________________________________________________ as its attorney-in-fact with full power of substitution to transfer the same on the books of Brookfield Infrastructure Partners L.P.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Dated: ___________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 70%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; width: 49%; font: 10pt Times New Roman, Times, Serif">(Signature)</TD><TD STYLE="width: 2%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 49%; font: 10pt Times New Roman, Times, Serif">(Signature)</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 10%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">NOTICE:</FONT></TD><TD STYLE="text-align: left; width: 90%">THE SIGNATURE(S)&nbsp;MUST BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM), PURSUANT TO SEC RULE 17Ad-15</TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 10%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%"><FONT STYLE="font-size: 10pt">Signature Guaranteed By: _____________________________________________</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No transfer of the Series&nbsp;13 Preferred
Units evidenced hereby will be registered on the books of the Partnership or its duly authorized Transfer Agent unless the certificate
evidencing the Series&nbsp;13 Preferred Units to be transferred is surrendered for registration of transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>SCHEDULE I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">BROOKFIELD INFRASTRUCTURE PARTNERS L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Global Series&nbsp;13 Preferred Unit</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Certificate Number: _____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The number of Series&nbsp;13 Preferred Units initially represented
by this global Series&nbsp;13 Preferred Unit shall be _______________. Thereafter the Transfer Agent shall note changes in the
number of Series&nbsp;13 Preferred Units evidenced by this global Series&nbsp;13 Preferred Unit in the table set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Date&nbsp;of&nbsp;Exchange</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Amount of Decrease in Number of Series 13 Preferred Units Represented by this Global Series 13 Preferred Unit</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Amount of Increase in Number of Series 13 Preferred Units Represented by this Global Series 13 Preferred Unit</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Number of Series 13 Preferred Units Represented by this Global Series 13 Preferred Unit following Decrease or Increase</B></FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Signature of Authorized Officer of Transfer Agent</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>

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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>6
<FILENAME>tm2022703d4_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 5.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><IMG SRC="tm2022703d4_ex5-1img001.jpg" ALT="">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><P STYLE="margin-top: 0; margin-bottom: 0"><B>Brookfield Infrastructure Partners L.P.</B></P>
                           <P STYLE="margin-top: 0; margin-bottom: 0">73 Front Street, 5th Floor</P>
                           <P STYLE="margin-top: 0; margin-bottom: 0">Hamilton HM 12</P>
                           <P STYLE="margin-top: 0; margin-bottom: 0">Bermuda &nbsp;</P></TD>
    <TD STYLE="text-align: right; width: 50%"><P STYLE="text-align: right; margin-top: 0; margin-bottom: 0"><B>Email</B> clangley@applebyglobal.com</P>
                           <P STYLE="text-align: right; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                           <P STYLE="text-align: right; margin-top: 0; margin-bottom: 0"><B>Direct Dial</B> +1 441 295 3202</P>
                           <P STYLE="text-align: right; margin-top: 0; margin-bottom: 0"><B>Tel</B> +1 441 295 2244</P>
                           <P STYLE="text-align: right; margin-top: 0; margin-bottom: 0"><B>Fax</B> +1 441 292 8666</P>
                           <P STYLE="text-align: right; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                           <P STYLE="text-align: right; margin-top: 0; margin-bottom: 0"><B>Appleby Ref</B> 136873.0027</P>
                           <P STYLE="text-align: right; margin-top: 0; margin-bottom: 0">&nbsp;</P>
                           <P STYLE="text-align: right; margin-top: 0; margin-bottom: 0">21 September&nbsp;2020</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dear Sirs</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Brookfield Infrastructure Partners L.P.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have acted as legal advisers as to matters
of Bermuda law to Brookfield Infrastructure Partners L.P., a limited partnership organized under the laws of the Islands of Bermuda
(<B>Partnership</B>). We have been requested to render this opinion to you in connection with the filing by the Partnership of
a prospectus supplement dated 14 September&nbsp;2020 (<B>Prospectus Supplement</B>) to the Partnership&rsquo;s automatic shelf
registration statement on Form&nbsp;F-3 (Reg. No.&nbsp;333-232256) (<B>Registration Statement</B>) with the Securities and Exchange
Commission (<B>SEC</B>) pursuant to the Securities Act of 1933, as amended (<B>Securities Act</B>), and the rules&nbsp;and regulations
promulgated thereunder, relating to the registration under the Securities Act of 8,000,000 of 5.125% Class&nbsp;A Preferred Limited
Partnership Units, Series&nbsp;13 (<B>Units</B>) of the Partnership.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the purposes of this opinion we have
examined and relied upon the documents listed (which in some cases, are also defined) in the Schedule to this opinion (<B>Documents</B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Assumptions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In stating our opinion we have assumed:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">the authenticity, accuracy and completeness of all Documents submitted to us as originals and the
conformity to authentic original Documents of all Documents submitted to us as certified, conformed, notarized or photostatic copies;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">the genuineness of all signatures on the Documents;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">the authority, capacity and power of persons signing the Documents;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2022703d4_ex5-1img001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">that any representation, warranty or statement of fact or law, other than the laws of Bermuda made
in any of the Documents, is true, accurate and complete;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">that there are no provisions of the laws or regulations of any jurisdiction other than Bermuda
which would have any implication in relation to the opinions expressed herein;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify">that there are no provisions of the laws or regulations of any jurisdiction other than Bermuda
which would be contravened by any actions taken by the Partnership in connection with the Registration Statement or which would
have any implication in relation to the opinion expressed herein and that, in so far as any obligation under, or action to be taken
under, the Registration Statement is required to be performed or taken in any jurisdiction outside Bermuda, the performance of
such obligation or the taking of such action will constitute a valid and binding obligation of each of the parties thereto under
the laws of that jurisdiction and will not be illegal by virtue of the laws of that jurisdiction; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.</TD><TD STYLE="text-align: justify">the accuracy, completeness and currency of the records and filing systems maintained at the public
offices where we have caused the Electronic Extract or enquiries to be conducted, that such search and enquiry did not fail to
disclose any information which had been filed with or delivered to the relevant body but had not been processed at the time when
the search was conducted and the enquiries were made, and that the information disclosed by the Electronic Extract is accurate
and complete in all respects and such information has not been materially altered since the date and time of the Electronic Extract.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Opinion</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Based upon and subject to the foregoing
and subject to the reservations set out below and to any matters not disclosed to us, we are of the opinion that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">The Partnership is an exempted limited partnership established and existing under the laws of Bermuda.
The Partnership possesses the capacity to sue and be sued and is in good standing under the laws of Bermuda. All suits in respect
of the Partnership shall be prosecuted against the General Partner, in its capacity as general partner of the Partnership.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">The issue of the Units has been duly authorized by all necessary action on the part of the Partnership
and when issued as contemplated by the Prospectus Supplement and Resolutions will be validly issued, fully paid and non-assessable
units of the Partnership.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2022703d4_ex5-1img001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Reservations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have the following reservations:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">We express no opinion as to any law other than Bermuda law and none of the opinions expressed herein
relates to compliance with or matters governed by the laws of any jurisdiction except Bermuda. This opinion is limited to Bermuda
law as applied by the courts of Bermuda at the date hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">Where an obligation is to be performed in a jurisdiction other than Bermuda, the courts of Bermuda
may refuse to enforce it to the extent that such performance would be illegal under the laws of, or contrary to public policy of
such other jurisdiction.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">Any reference in this opinion to Units being &ldquo;non-assessable&rdquo; shall mean, in relation
to fully-paid Units of the Partnership and subject to any contrary provision in any agreement in writing between the Partnership
and the holder of Units, that: no holder shall be obliged to contribute further amounts to the capital of the Partnership, either
in order to complete payment for their Units, to satisfy claims of creditors of the Partnership, or otherwise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">The Limited Partnership Act 1883 (<B>Act</B>) provides that a limited partner shall be liable as
a general partner if he takes part in the management of the partnership.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">A limited partner is liable to the Partnership, or to its creditors, for any amount in respect
of such limited partner&rsquo;s contribution to the Partnership to the extent such contribution has not been contributed in full,
or to the extent such contribution is either released or returned to the limited partner contrary to the restrictions on reductions
of capital contained in the Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify">A limited partner is liable for damages on account of misrepresentation in respect of false statements
contained in the certificate of limited partnership, any supplementary certificates or certificate of cancellation in respect of
the Partnership, to the extent a limited partner signed such certificate, or caused another to sign it on his/her behalf, and knew
such statement to be false at the time of signature.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.</TD><TD STYLE="text-align: justify">Every partner of the Partnership who is guilty of any fraud in the affairs of the Partnership shall
be liable civilly to the party injured to the extent of his damage and shall be liable for penalties applicable to offences committed
in contravention of the Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.</TD><TD STYLE="text-align: justify">In opinion paragraph 1, the term &lsquo;good standing&rsquo; means only that the Partnership has
received a Certificate of Compliance from the Registrar of Companies in Hamilton, Bermuda which confirms that it has neither failed
to make any filing with any Bermuda governmental authority nor to pay any Bermuda government fee or tax.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2022703d4_ex5-1img001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.</TD><TD STYLE="text-align: justify">With respect to opinion 2, we have relied upon statements and representations made to us in the
Secretary&rsquo;s Certificate provided to us by an authorised officer of the Company for the purposes of this opinion. We have
made no independent verification of the matters referred to in the Secretary&rsquo;s Certificate, and we qualify such opinions
to the extent that the statements or representations made in the Secretary&rsquo;s Certificate are not accurate in any respect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.</TD><TD STYLE="text-align: justify">Due to the current situation relating to COVID-19, our protocols prevent us from conducting physical
company, partnership or litigation searches or from determining whether any charges are registered against the Partnership. Therefore,
for the purposes of giving this opinion we have relied on the Electronic Extract and the Officer&rsquo;s Certificate re: Searches,
the contents of which we have not verified.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Disclosure</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This opinion is addressed to you in connection
with the registration of the Units with the SEC and is not to be made available to, or relied on by any other person or entity
(other than the Unitholders as referenced in the Registration Statement), or for any other purpose, nor quoted or referred to in
any public document nor filed with any governmental agency or person (other than the SEC in connection with the Registration Statement),
without our prior written consent except as may be required by law or regulatory authority. We consent to the filing of this opinion
as an exhibit to the Partnership&rsquo;s Report of Foreign Issuer on Form&nbsp;6-K being filed on or about the date hereof and
incorporated by reference into the Registration Statement and further consent to the reference to our firm under the caption &ldquo;Legal
Matters&rdquo; in the Registration Statement and Prospectus Supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This opinion is governed by and is to be
construed in accordance with Bermuda law. Further, this opinion speaks as of its date and is strictly limited to the matters stated
in it and we assume no obligation to review or update this opinion if applicable law or the existing acts or circumstances should
change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font: bold 10pt Times New Roman, Times, Serif">Yours faithfully</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Appleby (Bermuda) Limited</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="1" STYLE="font: bold 10pt Times New Roman, Times, Serif">Appleby (Bermuda) Limited</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2022703d4_ex5-1img001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt">1.</TD><TD STYLE="text-align: justify">An officer&rsquo;s certificate, in PDF format, signed by an officer of Brookfield Infrastructure
Partners Limited (<B>General Partner</B>) confirming that, to the best of his knowledge: (i)&nbsp;no court proceedings are pending
against the General Partner or the Partnership; (ii)&nbsp;no petition to wind up the General Partner or the Partnership or application
to reorganise their affairs pursuant to a scheme of arrangement or application for the appointment of a receiver has been filed
with the Supreme Court of Bermuda; and (iii)&nbsp;no notice of the passing of a resolution of members or creditors to wind up the
General Partner or the Partnership or for the appointment of a liquidator or receiver has been given to the Registrar of Companies
in respect of the General Partner or the Partnership (<B>Officer&rsquo;s Certificate re: Searches</B>).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt; text-align: left"></TD><TD STYLE="text-align: justify">Typically, we would conduct a search of the entries and
filings shown and available for inspection in respect of the General Partner and the Partnership in the register of charges and
on the file of the General Partner and the Partnership maintained in the register of companies at the office of the Registrar
of Companies in Hamilton, Bermuda (<B>Company Search</B>). However, due to the situation with coronavirus COVID-19, our protocols
prevent us from carrying out a Company Search. The Registrar of Companies is providing a company and partnership search extract
when a request is submitted via email (<B>Electronic Extract</B>).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt; text-align: left"></TD><TD STYLE="text-align: justify">Typically, we would conduct a search of the entries and
filings shown and available for inspection in respect of the General Partner and the Partnership in the Cause and Judgement Book
of the Supreme Court maintained at the Registry of the Supreme Court in Hamilton, Bermuda (<B>Litigation Search</B>). However,
due to the situation with coronavirus COVID-19, our protocols prevent us from carrying out a Litigation Search.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt">2.</TD><TD STYLE="text-align: justify">Copy of the Amended and Restated Limited Partnership Agreement of the Partnership dated 16 February&nbsp;2018,
as amended by the First Amendment to the Amended and Restated Limited Partnership Agreement dated 12 September&nbsp;2018, as amended
by the Second Amendment to the Amended and Restated Limited Partnership Agreement dated 27 February&nbsp;2020, as amended by the
Third Amendment to the Amended and Restated Limited Partnership Agreement dated 21 September&nbsp;2020 (<B>Limited Partnership
Documents</B>).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt">3.</TD><TD STYLE="text-align: justify">In respect of the Partnership, the Certificate of Registration of an Exempted and Limited Partnership
and supplements thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt">4.</TD><TD STYLE="text-align: justify">Certified copies of the Certificate of Incorporation, Memorandum of Association and Bye-Laws of
the General Partner (<B>General Partner Constitutional Documents</B>, together with the Limited Partnership Documents, <B>Constitutional
Documents</B>).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2022703d4_ex5-1img001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt">5.</TD><TD STYLE="text-align: justify">Copy of the minutes of a meeting of the board of directors of the General Partner held on 26 August&nbsp;2020
(<B>Resolutions</B>).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt">6.</TD><TD STYLE="text-align: justify">Copy of a secretary certificate dated 21 September&nbsp;2020 and signed by the secretary of the
Company in respect of the Resolutions (<B>Secretary&rsquo;s Certificate</B>).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt">7.</TD><TD STYLE="text-align: justify">Certificates of Compliance each dated 18 September&nbsp;2020 issued by the Registrar of Companies
in respect of the General Partner and the Partnership.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt">8.</TD><TD STYLE="text-align: justify">Copy of the Registration Statement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 32.6pt">9.</TD><TD STYLE="text-align: justify">Copy of the Prospectus Supplement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TYPE>EX-8.1
<SEQUENCE>7
<FILENAME>tm2022703d4_ex8-1.htm
<DESCRIPTION>EXHIBIT 8.1
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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 8.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="5" STYLE="width: 81%; font-size: 10pt"><IMG SRC="tm2022703d4_ex8-1img01.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 19%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">1114 Avenue of the Americas, 23rd Floor<BR>
New York, New York&nbsp;&nbsp;10036.7703 USA</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; font-size: 10pt"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">P. 212.880.6000 | F. 212.682.0200</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">www.torys.com</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">September&nbsp;21, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Brookfield Infrastructure Partners L.P.<BR>
73 Front Street</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">5th Floor</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Hamilton HM 12, Bermuda</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.35in; text-align: left"><B>Re:</B></TD><TD STYLE="text-align: justify"><B>United States Federal Income Tax Opinion</B></TD>
</TR></TABLE>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">We have acted as United States federal income
tax counsel to Brookfield Infrastructure Partners L.P., a Bermuda exempted limited partnership (&ldquo;<U>BIP</U>&rdquo;), in connection
with the offering of 5.125% Class&nbsp;A Preferred Limited Partnership Units, Series&nbsp;13, of BIP. We have been asked to render
our opinion as to certain U.S. tax matters disclosed in the prospectus supplement, dated September&nbsp;14, 2020 (the &ldquo;<U>Prospectus
Supplement</U>&rdquo;), filed by BIP with the U.S. Securities and Exchange Commission under the U.S. Securities Act of 1933, as
amended (the &ldquo;<U>Act</U>&rdquo;). Capitalized terms used and not defined herein have the meanings ascribed to them in the
Prospectus Supplement.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">In so acting, we have examined originals or
copies, certified or otherwise identified to our satisfaction, of:</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Prospectus Supplement;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Amended and Restated Limited Partnership Agreement of BIP, dated December&nbsp;4, 2007, among Brookfield Infrastructure Partners
Limited, a Bermuda exempted company (the &ldquo;<U>BIP General Partner</U>&rdquo;), Brookfield Asset Management Inc., an Ontario
corporation (&ldquo;<U>BAM</U>&rdquo;), and each person admitted to BIP as a limited partner in accordance with the provisions
of such agreement, as amended;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Second Amended and Restated Limited Partnership Agreement of BIP, dated March&nbsp;28, 2014, among the BIP General Partner and
each person admitted to BIP as a limited partner in accordance with the provisions of such agreement, as amended;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Amended and Restated Limited Partnership Agreement of BIP, dated February&nbsp;29, 2016, among the BIP General Partner and each
person admitted to BIP as a limited partner in accordance with the provisions of such agreement, as amended;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Amended and Restated Limited Partnership Agreement of BIP, dated February&nbsp;9, 2017, among the BIP General Partner and each
person admitted to BIP as a limited partner in accordance with the provisions of such agreement, as amended;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Amended and Restated Limited Partnership Agreement of BIP, dated February&nbsp;16, 2018, among the BIP General Partner and each
person admitted to BIP as a limited partner in accordance with the provisions of such agreement, as amended (the &ldquo;<U>BIP
Limited Partnership Agreement</U>&rdquo;)</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Second Amended and Restated Limited Partnership Agreement of Brookfield Infrastructure L.P., a Bermuda limited partnership (the
 &ldquo;<U>Holding LP</U>&rdquo;), dated December&nbsp;4, 2007, among Brookfield Infrastructure GP L.P., a Bermuda limited partnership,
BAM, Trilon Bancorp Inc., an Ontario corporation, BIP, and Brookfield Canada Infrastructure Holdings Inc., an Ontario corporation,
as amended;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Third Amended and Restated Limited Partnership Agreement of the Holding LP, dated March&nbsp;28, 2014, among BIP, Brookfield Infrastructure
Special L.P., a Bermuda limited partnership previously named &ldquo;Brookfield Infrastructure GP L.P.&rdquo; (the &ldquo;<U>Infrastructure
Special LP</U>&rdquo;), BILP Holding L.P., an Ontario limited partnership, BIG Holdings L.P., a Manitoba limited partnership, and
each person admitted to the Holding LP as a limited partner in accordance with the provisions of such agreement, as amended;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Amended and Restated Limited Partnership Agreement of the Holding LP, dated February&nbsp;29, 2016, among BIP, the Infrastructure
Special LP, BIP REU Holdings (2015) LP, an Ontario limited partnership, and each person admitted to the Holding LP as a limited
partner in accordance with the provisions of such agreement, as amended;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Amended and Restated Limited Partnership Agreement of the Holding LP, dated February&nbsp;9, 2017, among BIP, the Infrastructure
Special LP, BIP REU Holdings (2015) LP, BIP REU Holdings (2016) LP, an Ontario limited partnership, and each person admitted to
the Holding LP as a limited partner in accordance with the provisions of such agreement;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Amended and Restated Limited Partnership Agreement of the Holding LP, dated August&nbsp;18, 2017, among BIP, the Infrastructure
Special LP, BIP REU Holdings (2015) LP, BIP REU Holdings (2016) LP, and each person admitted to the Holding LP as a limited partner
in accordance with the provisions of such agreement;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Amended and Restated Limited Partnership Agreement of the Holding LP, dated February&nbsp;16, 2018, among BIP, the Infrastructure
Special LP, BIP REU Holdings (2015) LP, BIP REU Holdings (2016) LP, and each person admitted to the Holding LP as a limited partner
in accordance with the provisions of such agreement, as amended (the &ldquo;<U>Holding LP Limited Partnership Agreement</U>&rdquo;);</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
certificate of the BIP General Partner and the Infrastructure Special LP, of even date herewith, delivered to us for purposes of
this opinion, including all schedules and exhibits thereto (the &ldquo;<U>Certificate</U>&rdquo;); and</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;such
agreements, documents, and other instruments as we have deemed necessary or appropriate.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">In addition, we have examined, and have relied
as to matters of fact upon, originals, duplicates, certified or conformed copies of such records, agreements, documents, and other
instruments and such certificates or comparable documents of public officials and of officers and representatives of BIP and the
Holding LP, and have made such other and further investigations, as we have deemed necessary or appropriate as a basis for the
opinion hereinafter set forth.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">In rendering this opinion, we have assumed
that (i)&nbsp;the transactions described in the Prospectus Supplement will be consummated in the manner set forth therein; (ii)&nbsp;the
representations made in the Certificate are true, correct, and complete and will remain true, correct, and complete at all times;
(iii)&nbsp;any representation set forth in the Certificate qualified by knowledge, intention, belief, or any similar qualification
is and will remain true, correct, and complete without regard to such qualification; and (iv)&nbsp;each of BIP, the Holding LP,
and each Fiscally Transparent Subsidiary (as such term is defined in the Certificate) operates and will continue to operate in
accordance with certain operating guidelines set forth in such Certificate. In addition, we have assumed the genuineness of all
signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, the conformity
to original documents of all documents submitted to us as duplicates or certified or conformed copies, and the authenticity of
the originals of such latter documents.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Based upon the foregoing, and subject to the
qualifications, assumptions, and limitations stated herein and in the Prospectus Supplement, we are of the opinion that (i)&nbsp;the
statements set forth in the Prospectus Supplement under the caption &ldquo;MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS,&rdquo;
insofar as they express conclusions as to the application of United States federal income tax law, represent our opinion as to
the matters discussed therein; and (ii)&nbsp;as of the date hereof, each of BIP and the Holding LP will be classified as a partnership
and not as an association or publicly traded partnership taxable as a corporation for United States federal income tax purposes.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Our opinion is based on current provisions
of the Internal Revenue Code of 1986, as amended, the Treasury Regulations promulgated thereunder, published pronouncements of
the Internal Revenue Service, and case law, in each case as currently in effect and subject to change at any time with retroactive
effect. Any change in applicable laws or facts and circumstances, or any inaccuracy in the statements, facts, assumptions, or representations
on which we have relied, may affect the continuing validity of the opinion set forth herein. We assume no responsibility to inform
you of any such change or inaccuracy. No opinion is expressed concerning any law other than the federal income tax law of the United
States.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">We hereby consent to the filing of this opinion
with the Securities and Exchange Commission as an exhibit to the Prospectus Supplement and to the references to our firm under
the captions &ldquo;MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS&rdquo; and &ldquo;LEGAL MATTERS&rdquo; in the Prospectus Supplement.
In giving this consent, we do not hereby agree that we come within the category of persons whose consent is required by the Act
or the rules&nbsp;thereunder.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Very truly yours,</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Torys LLP</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
