DESCRIPTION
OF CAPITAL STRUCTURE OF THE ISSUERS
The Company’s authorized
share capital consists of an unlimited number of preference shares designated as Class A Preference Shares, issuable in series,
an unlimited number of preference shares designated as Class AA Preference Shares, issuable in series, an unlimited number of Class A
Shares, and 85,120 Class B Limited Voting Shares (“Class B Shares”). As of December 15, 2025, the Company
had 10,220,175 Class A Preference Shares, Series 2; 3,983,910 Class A Preference Shares, Series 4; 8,792,596 Class A
Preference Shares, Series 13; 7,840,204 Class A Preference Shares, Series 17; 7,681,088 Class A Preference Shares,
Series 18; 10,808,027 Class A Preference Shares, Series 24; 9,770,928 Class A Preference Shares, Series 26;
9,233,927 Class A Preference Shares, Series 28; 9,787,090 Class A Preference Shares, Series 30; 11,750,299 Class A
Preference Shares, Series 32; 9,876,735 Class A Preference Shares, Series 34; 7,842,909 Class A Preference Shares,
Series 36; 7,830,091 Class A Preference Shares, Series 37; 7,906,132 Class A Preference Shares, Series 38; 11,841,025
Class A Preference Shares, Series 40; 11,887,500 Class A Preference Shares, Series 42; 9,831,929 Class A Preference
Shares, Series 44; 11,740,797 Class A Preference Shares, Series 46; 11,885,972 Class A Preference Shares, Series 48;
3,320,486 Class A Preference Shares, Series 51; 1,177,580 Class A Preference Shares, Series 52; 10,000,000 Class A
Preference Shares, Series 54; 2,476,459,851 Class A Shares; and 85,120 Class B Shares issued and outstanding.
BFI’s authorized share
capital consists of an unlimited number of common shares, an unlimited number of preference shares designated as Class A Preference
Shares, issuable in series, and an unlimited number of preference shares designated as Class B Preference Shares, issuable in series.
As of the date of this Prospectus, BFI had 5,882,553 common shares; 6,400,000 Class A Preference Shares, Series 1; and
54,262,400 Class B Preference Shares, Series 1 issued and outstanding.
The US LLC Issuer’s
authorized share capital consists of an unlimited number of common shares representing limited liability company interests. As of the
date of this Prospectus, 35,751 common shares of the US LLC Issuer are issued and outstanding.
BFI II’s authorized
share capital consists of an unlimited number of common shares. As of the date of this Prospectus, 86,075 common shares of BFI II are
issued and outstanding.
The AUS Issuer’s authorized
share capital consists of an unlimited number of ordinary shares. As of the date of this Prospectus, 10 ordinary shares of the
AUS Issuer are issued and outstanding.
The UK Issuer’s share
capital consists of ordinary shares. As of the date of this Prospectus, 10,181,441 ordinary shares of the UK Issuer are issued and
outstanding.
The US Pref Issuer’s
authorized share capital consists of an unlimited number of common shares and preferred shares representing limited liability company
interests. As of the date of this Prospectus, 100 common shares representing limited liability company interests of the US Pref Issuer
are issued and outstanding.
BFI IV’s authorized
share capital consists of an unlimited number of common shares, an unlimited number of preference shares designated as Class A Preference
Shares, issuable in series and an unlimited number of preference shares designated as Class B Preference Shares, issuable in series.
As of the date of this Prospectus, BFI IV had 1 common share issued and outstanding and no series of Class A Preference Shares or
Class B Preference Shares were issued and outstanding.
BFI V’s authorized
share capital consists of an unlimited number of common shares, an unlimited number of preference shares designated as Class A Preference
Shares, issuable in series and an unlimited number of preference shares designated as Class B Preference Shares, issuable in series.
As of the date of this Prospectus, BFI V had 1 common share issued and outstanding and no series of Class A Preference Shares or
Class B Preference Shares were issued and outstanding.
