BFI

BFI was incorporated on March 31, 2015 under the Business Corporations Act (Ontario) and is an indirect \(100\%\) owned subsidiary of the Company. BFI has issued or become an obligor under approximately US\\(8.75 billion of unsecured senior debt securities (the "Existing BFI Senior Debt Securities") as of the date hereof. The Existing BFI Senior Debt Securities are fully and unconditionally guaranteed by the Company. BFI has also issued approximately US\\)400 million of unsecured subordinated debt securities (the "Existing BFI Subordinated Debt Securities") as of the date hereof. The Existing BFI Subordinated Debt Securities are fully and unconditionally guaranteed, on a subordinated basis, by the Company. The Existing BFI Subordinated Debt Securities are listed for trading on the NYSE under the symbol "BNH".