BFI's reliance on the Company.

BFI may not have assets, property or operations other than the debt securities it issues (including the existing BFI senior notes and the notes offered hereby) and the investments it makes with the net proceeds from such issuances of debt securities or future issuances of debt securities, including the notes offered hereby. BFI is not and will not be restricted in its ability to make investments or incur debt. The holders of the notes are relying principally on the full and unconditional guarantee of the notes provided by the Company and the financial position and creditworthiness of the Company in order to receive the repayment of the interest and other amounts owing under and in respect of the notes. The financial position and creditworthiness of the Company is subject to the risks noted in this Prospectus and in the documents incorporated by reference into this Prospectus.

The Guarantee Obligations are effectively subordinated to all liabilities of the Company's subsidiaries other than BFI.