S-29

UNDERWRITING (CONFLICTS OF INTEREST)

Under the terms and subject to the conditions contained in an underwriting agreement dated February 27, 2025, BFI has agreed to sell to the underwriters named below, for whom Deutsche Bank Securities Inc. and SMBC Nikko Securities America, Inc. are acting as representatives (the "Representatives"), the following respective principal amounts of notes:

<table><tr><td>Underwriter</td><td>Principal Amount of Notes (US$)</td></tr><tr><td>Deutsche Bank Securities Inc.</td><td>$ 120,000,000</td></tr><tr><td>SMBC Nikko Securities America, Inc.</td><td>120,000,000</td></tr><tr><td>Citigroup Global Markets Inc.</td><td>55,000,000</td></tr><tr><td>Mizuho Securities USA LLC</td><td>55,000,000</td></tr><tr><td>BofA Securities, Inc.</td><td>25,000,000</td></tr><tr><td>Banco Bradesco BBI S.A.</td><td>12,500,000</td></tr></table>