S-8

RISK FACTORS

An investment in the notes is subject to a number of risks. Before deciding whether to invest in the notes, investors should consider carefully the risks set forth below, in the accompanying base shelf prospectus and in the information incorporated by reference in this Prospectus. Specific reference is made to the section entitled "Part 6 — Business Environment and Risks" in the MD&A and the section entitled "Business Environment and Risks" in the AIF, each of which are incorporated by reference in this prospectus supplement.

The notes are unsecured and will rank equal in right of payment to BFT's existing and future unsecured, unsubordinated senior indebtedness, and will be effectively subordinated to any of BFT's future secured indebtedness.